Reconciliation of Book Income to Taxable Income Ramsey Corporation, a C corporation, reports the following results for the current year: Net income per books 650,000
Federal income tax (book) 221,000
Tax-exempt interest income 5,000
MACRS/Tax depreciation 140,000
Book depreciation 120,000
Capital loss 12,000
Insurance premiums on life of corporate officer (Ramsey is the beneficiary of the policy) 25,000
Charitable contributions 98,000
Cash dividends paid 20,000
Dividends received from a small equity investment, own less than 10% of entity 3,000

Required:
Prepare a Schedule M-1 in Excel reconciling Ramsey's book income to its taxable income.

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called

Which of the following would classify as a general education requirement