City farm insurance has collection centers across the country to speed up collections. the company also makes its disbursements from remote disbursement centers so the firm's checks will take longer to clear the bank. collection time has been reduced by three days and disbursement time increased by two days because of these policies. excess funds are being invested in short-term instruments yielding 4 percent per annum. a. if city farm has $4.70 million per day in collections and $3.70 million per day in disbursements, how many dollars has the cash management system freed up? (enter your answer in dollars not in millions (e. g., $1,234, b. how much can city farm earn in dollars per year on short-term investments made possible by the freed-up cash? (enter your answer in dollars not in millions (e. g., $1,234,

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

An object that is clicked on and takes the presentation to a new targeted file is done through a

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."