At December 31, 2020, Percheron Inc. had a deferred tax asset of $30,000. At December 31, 2021, the deferred tax asset is $59,000. The corporation's 2021 current tax expense is $61,000. What amount should Percheron report as total 2021 income tax expense?

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Your take on decision making process

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?