One million hours of labor are available for making cars in the North, and another
1 million hours of labor are available for
world, let's assume that two-thirds of the auto
industry labor in each region is used to make
making cars in the South. In a no-trade
high-quality cars and one-third is used to make
low-quality cars. Solve for how many
kind of car will be produced in the North and
South, and add up to determine the total global
output of each type of car. (Why will both
kinds of cars be made? Because the low-quality
cars will be less expensive.)
of each

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

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."

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?