Bon nebo co. sold 25,000 annual subscriptions of magazine 20xx for $85 during december 2018. these new subscribers will receive monthly issues, beginning in january
2019. in addition, the business had taxable income of $840,000 during the first calendar quarter of 2019. the federal tax rate is 40%. a quarterly tax payment will be made
on april 12, 2019
prepare the current abilities section of the balance sheet for bon nebo co. on march 31, 2019
bon nebo co.
current liabilities section of balance sheet
march 31, 2019
federal income taxes payable
advances on magazine subscriptions
total current liabilities

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.