Scenario 13-18 farmer jack is a watermelon farmer. if jack plants no seeds on his farm, he gets no harvest. if he plants 1 bag of seeds, he gets 30 watermelons. if he plants 2 bags of seeds, he gets 50 watermelons. if he plants 3 bags of seeds he gets 60 watermelons. a bag of seeds costs $100, and the costs of seeds are his only costs. refer to scenario 13-18. farmer jack's marginal cost (i) curve is u-shaped. (ii) decreases with increased watermelon output. (iii) reflects diminishing marginal product. a. (iii) only b. (ii) only c. (i) and (ii) only d. (i) and (iii) onl

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above

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."