Thomas McDowell Co. establishes a $120,000,000 liability at the end of 2020 for the estimated site-cleanup costs at two of its manufacturing facilities. All related closing costs will be paid and deducted on the tax return in 2021. Also, at the end of 2020, the company has $60,000,000 of temporary differences due to excess depreciation for tax purposes, $8,400,000 of which will reverse in 2021. The enacted tax rate for all years is 40%, and the company pays taxes of $160 million of taxable income in 2020. McDowell expects to have taxable inome in 2021.
Required:
a) Determine the deferred taxes to be reported at the end of 2020.
b) Indicate how the deferred taxes computed in (a) are to be reported on the balance sheet.

Mountain mouse makes freeze-dried meals for hikers. one of mountain mouse's biggest customers is a sporting goods superstore. every 66 days, mountain mouse checks the inventory level at the superstore and places an order to restock the meals. these meals are delivered by ups in 55 days. average demand during the reorder period and order lead time is 8585 meals, and the standard deviation of demand during this same time period is about 1919 meals.calculate the restocking level for mountain mouse. assume that the superstore wants a 95\% service level. what happens to the restocking level if the superstore wants a higher level of service-say, 99]%? the restocking level for the 95% service level is 117 mealssuppose there are 25 meals in the superstore when mountain mouse checks inventory levels. how many meals should be ordered, assuming a 95% service level?