g Prepare an M-1 reconciliation using the following data: Net income per books (after tax) $3,600,000 Federal income tax per books $750,000 Excess of capital losses over capital gains $111,000 Nondeductible penalties $ 21,000 Rent expense $80,000 Meals expense (total amount) $21,000 Tax-exempt interest income $ 17,000 Excess of book (GAAP) depreciation over tax (MACRS) depreciation $ 85,000

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Why are there so many types of diversion programs for juveniles