Electro company manufactures an innovative automobile transmission for electric cars. management predicts that ending finished goods inventory for the first quarter will be 90,000 units. the following unit sales of the transmissions are expected during the rest of the year: second quarter, 450,000 units; third quarter, 525,000 units; and fourth quarter, 475,000 units. company policy calls for the ending finished goods inventory of a quarter to equal 20% of the next quarter’s budgeted sales. prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture.'

The stock of grommet corporation, a u. s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u. s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u. s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u. s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?