Exercise 23-7 rensing ltd. estimates sales for the second quarter of 2017 will be as follows. month units april 2,600 may 2,470 june 2,320 the target ending inventory of finished products is as follows. march 31 2,030 april 30 2,200 may 31 2,130 june 30 2,380 2 units of material are required for each unit of finished product. production for july is estimated at 2,600 units to start building inventory for the fall sales period. rensing’s policy is to have an inventory of raw materials at the end of each month equal to 70% of the following month’s production requirements. raw materials are expected to cost $4 per unit throughout the period. calculate the may raw materials purchases in dollars. raw material purchases cost

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."