A Company Trial Balance

20xx

Unadjusted trial balance Adjusting entries

7 Supplies

8 andise Inventory

9 Td Rent

10 d Insurance

11 Equipment

12 bulated Depreciation

13 Supplies

14 nts Receivable

15 Payable

16 St Payable

17 nts Payable

18 Payable

19 son Stock

20 mnds

21 Sales

22 jandise Sales

23 Supplies Expense

24 xpense

25 st Expense

26 nce Expense

27 ciation Expense

28 Expense

29 Supplies Expense

30 s License Expense

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u. s. parent on bank deposits held in london d. interest received by a u. s. parent on a loan to a subsidiary in mexico e. principal repayment received by u. s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u. s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.