Nishi corporation prepares financial statements for each month-end. as part of its accounting process, estimated income taxes are accrued each month for 27% of the current month’s net income. the income taxes are paid in the first month of each quarter for the amount accrued for the prior quarter. the following information is available for the fourth quarter of the year. when tax computations are completed on january 20 of the following year, nishi determines that the quarter’s income taxes payable account balance should be $22,099 on december 31 (its unadjusted balance is $19,899).

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

Sole proprietorships produce more goods and services than does any other form of business organization.