We would expect the demand for jeans to be - more elastic than the demand for clothing.
The correct option is a.
A price change causes a considerable change in the amount needed to satisfy an elastic demand. Demand is considered to be inelastic when the amount desired does not vary much as a result of a price modification.
Elasticity of demand is the degree to which demand responds to a change in an economic factor.
Price is the economic factor that is most frequently taken into account when determining elasticity. Additional factors include the availability of alternatives and one's income level.
Demand elasticity measures how it alters in response to altering macroeconomic circumstances. When demand is unaffected by price changes, it is said to be inelastic.
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Which is the most likely reason wind energy is not widely used as a replacement for fossil fuels?
a. Energy from wind is too expensive to produce.
b. Producing energy from wind causes too much pollution.
c. Wind energy is an indirect form of solar energy.
d. Few places are windy enough to produce sufficient energy.
what four essential functions of management do all managers perform, regardless of their level, organization size or type, or what country they work in? (check all that apply.)
The four essential functions of management do all managers perform, regardless of their level, organization size or type, or what country they work in are: Controlling, Planning, Organizing and Leading.
The management process by which we pursue goals includes planning, organizing, leading, and controlling. These are “the how” a manager pursues organizational goals, and are universally known as the four functions of management.
Leading consists of motivating employees and influencing their behavior to achieve organizational objectives. Leading focuses on managing people , such as individual employees, teams and groups rather than tasks.Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.
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if the nominal interest rate is 18 percent and the real interest rate is 6 percent, the inflation rate is
The inflation rate must be 12% based on the nominal interest rate and real interest rate.
It can be found as:
= Nominal rate - Real interest rate
Solving gives:
= 18% - 6%
= 12%
Price increases, or inflation, may be thought of as the gradual loss of buying power. The average price rise of a selection of products and services over time can serve as a proxy for the pace at which buying power declines.
A unit of money now effectively has less purchasing power than it had in earlier periods due to the increase in prices, which is frequently stated as a percentage. Deflation, on the other hand, is characterized by a drop in prices and a rise in purchasing power.
Therefore, the inflation rate is 12%.
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On December 31, Year 1 Adam Company incurred $3,000 of accrued salary expense. The Year 2 recognition of the cash payment for these expenses:
A. increases the amount of salary expense recognized in Year 2
B. decreases the amount of salary expense recognized in Year 2
C. increases the amount of liabilities shown on the Year 2 balance sheet
D. decreases the amount of liabilities shown on the Year 2 balance sheet
a Year 2 balance sheet's quantity of liabilities is decreased. Liabilities increased in Year 1 due to the recognition of accrued pay expense. Assets and liabilities drop in Year 2 as cash is paid to satisfy
Describe what you mean by liabilities.Both your duty for something and a debt you owe to someone else for products or services are referred to as liabilities. Two examples of the homeowner's tax liabilities are the sum of property taxes due to the city and the sum of income taxes due to the federal government.
What do equity and liabilities mean?In terms of finance, the main distinction between equity & liabilities is that, whereas liabilities are the debts or obligations a firm owes to third parties, equity reflects the ownership position that investors have in a corporation. Liabilities are taken out and assets are used to compute equity.
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if a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is a. income inelastic. b. price inelastic. c. income elastic. d. price elastic.
If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is: Price elastic.
What is Price elastic?Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing by the percentage change in price the percentage change in quantity demanded—or delivered. The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. Luxury products and particular foods and beverages are elastic goods because demand is influenced by price changes for them. Products like nicotine and prescription medications may be considered inelastic goods since demand for them frequently remains constant despite price fluctuations.
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what drives the choices of consumers and producers in a market economy
The producer controls what to produce, the amount to produce, and how much to charge consumer in a market economy. Competition, supply, as well as demand pressures all have an impact on these choices.
A consumer explain is what?
A consumer is someone who uses a product or a service. The terms customer & consumer are frequently used interchangeably. This isn't totally accurate. A customer is a person who purchases goods or services. They could or might not consume them.
What in science is a consumer?
Consumers are living beings who must hunt, gather, and eat their food. Consumers must consume food in order to survive. Consumers are classified into four types: omnivores, carnivores, herbivores, and so on.
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Which one of the following careers is the most highly resistant to economic change?
1. Video Game Designers
2. Funeral Attendants
3. Fashion Designers
4. Airline Pilots
Answer:
2. Funeral Attendants
Explanation:
The demand for funeral attendants is relatively constant and not heavily impacted by economic change, as death is a natural occurrence that happens regardless of economic conditions. Funeral attendants provide a necessary service for families and communities. While other careers such as video game designers, fashion designers, and airline pilots can be affected by changes in technology, consumer preferences and travel restrictions, the services of funeral attendants are less likely to be impacted by economic fluctuations.
a merchandising business that sells to those who use or consume the goods.
A type of the retail business known as merchandising sells products to clients who use or eat them. A wide range of goods, including clothing, electronic parts, home goods, and more, can fall under this category.
What exactly is a retail business?One of the most typical business types is a merchandising company. A company that buys finished goods and turn around and sell them to customers is known as a merchandiser. Think about your neighborhood supermarket or clothing retailer. These two businesses deal in merchandise.
What is an illustration of marketing?Car dealerships, grocery stores, and clothing retailers are a few examples of merchandising businesses. Companies that provide services include accountants, consultants, and insurance companies.
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form 8995 qualified business income deduction simplified calculation
The simplified calculation for form 8995 will be:
Profit - Qualified Business + Income on Form 8995 + 1/2 SE tax break+ payment guarantees + The amount you deduct for SE Health Insurance + Income under Section 199A + Contributions to a SEP.
What is Form 8995?The pass-through or Section 199A deduction, also known as the qualified business income (QBI) deduction, is claimed by owners of pass-through entities such as sole proprietorships, partnerships, LLCs, and S corporations using Form 8995 from the Internal Revenue Service.
To claim the pass-through deduction, using the simplified form can save a lot of paper. The business's qualified business income, potential deduction phaseouts, and the resulting deduction are all calculated using the expanded form 8995-A, which has four sections and four additional schedules.
Form 8995 is relatively simple. It only has 17 lines on one page. If your total taxable income before the qualified business income deduction is below the aforementioned threshold and you are not a patron of an agricultural or horticultural cooperative, you can use this simplified version.
It must use the more complicated form if your taxable income before the qualified business income deduction is above the threshold or if you patronize a cooperative.
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which pair of issues from the bulleted list above (the first four mainly for the business community, the second four mainly for the protestors) could the mayor suggest that the two sides negotiate as an area of common interest? (from the mayor's point of view, in this immediate crisis, this would be a stasis.) select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a reduction of customer traffic to area businesses and first amendment (speech) rights of protesters b inconvenience to business owners and employees getting to work and police harassment c unsanitary condition of public property and lack of public bathroom facilities d unseemliness of large population of homeless tent dwellers and police harassment
Take, for example, the two funda- mental, conflicting dilemmas of a negotiation: the predicament of honesty and the dilemma of have confidence (Kelley, 1966).
The quandary of honesty concerns how trustworthy each birthday celebration must be with the other.
What are the 3 motives negotiations occur?Negotiations show up for countless reasons: (1) to agree on how to share or divide a constrained resource, such as land, or money, or time; (2) to create something new that neither birthday celebration may want to do on his or her own, or (3) to unravel a hassle or dispute between the parties.
What are the principal social factors in negotiation?A negotiator have to apprehend the social context of the negotiation. Negotiation occurs in a context of rules, such as customs, habits, situations, cultural norms, non secular doctrine, laws, and political pressures.
What are the four kinds of dilemma?In LDRS 111 you were added to four one-of-a-kind moral quandary paradigms: fact vs loyalty, short-term vs long-term, person vs community, and justice vs mercy.
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question content area volume upclosed captiondescriptionsettingsfullscreen question content areaeconomists say that the allocation of resources is efficient if a.consumer surplus is maximized. b.total surplus is maximized. c.sellers' costs are minimized. d.producer surplus is maximized.
Economists say that the allocation of resources is efficient if the total surplus is maximized. So option b. is correct. Resource allocation is the method of assigning and managing assets in a manner that supports an organization's strategic planning goals.
Resource allocation incorporates managing substantial assets such as hardware to make the promising use of softer assets such as human capital. Resource allocation affects balancing contending needs and priorities, and determining the adequate course of action to maximize the benefit of limited resources and get the fairest return on investment. In practicing resource allocation, organizations must foremost select their desired goal, such as improved revenue, enhanced productivity, or better brand recognition.
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caleb created a column chart that lists numbers from $50,000 to $0 on the left. what can he add to the chart to indicate that these are monthly revenue amounts?
Caleb can add the Vertical axis title to indicate monthly revenue amounts
The text labels that appear along a chart's horizontal and vertical axes are called axis labels. They can be used to provide descriptive information about the data or to specify the units of measurement for the data shown on the chart. In this instance, a nice method to show that the figures shown on the chart's left side correspond to monthly revenue amounts would be to add a vertical axis title.
In the case of Caleb, the terms Monthly Sales or Monthly Revenue must be straightforward and descriptive as the chart lists numbers from $50,000 to $0 on the left. This will make it easier for the viewer to comprehend the significance of the data and the size of the figures being displayed. If Caleb wanted to be more particular, he could also add a label to the horizontal axis that listed the months or the duration of the data.
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assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent
24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.
Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.
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busy corp. prepared the following reconciliation between pretax accounting income and taxable income for the year ended december 31, year 2: pretax accounting income $250,000 taxable income (150,000) difference $100,000 analysis of difference: interest on municipal bonds $25,000 excess of tax over book depreciation 75,000 total $100,000 busy's current income tax rate for year 2 is 30%. the depreciation difference will reverse in equal amounts over the next three years at an enacted tax rate of 40%. in busy's year 2 income statement, what amount should be reported as the current income tax expense portion of its provision for income taxes?
The current income tax expense part of its provision for income taxes should be recorded at $45,000.
What exactly is income tax?An income tax is a tax levied on persons or companies (taxpayers) based on their earnings or profits. In most cases, income tax is calculated as the result of a tax rate multiplied by the taxable income. Taxation rates may differ depending on the taxpayer's attributes and the source of income. The tax rate may rise as taxable income rises (referred to as graduated or progressive tax rates). Corporate tax is a type of tax charged on businesses that are typically applied at a flat rate.
The current portion of the provision for income taxes includes both the current income tax cost and the year's income tax liabilities.
$150,000 x 30% =$45,000
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Question 1
visor
Samantha is working through the Client Needs Assessment process.
BOOKS
Which 4 areas should she focus on to gather information for her
client?
(Select all that apply)
view
Doard
Who is the client
ng
Why did the client start their business
ses
U
What services does the client need
I!
How will the client work be completed
Which team member will do the work
ts
The Company Setup, Banking Activities, Common Problems, and Transaction Volume sections make up the Client Overview tab. To quickly assess the status of a client's file, you can access a multitude of real-time information.
Review of client data is where it is in QuickBooks.For each of you clients, you can quickly determine the status of the most recent book reviews: To access the Clients menu in QuickBooks Online Accounting, click. Decide which tab is for bookkeeping. Review the column's status for book reviews.
Which four categories of goods and services are there?Convenience goods, shopping products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
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the invisible hand ensures that economic prosperity is distributed equally. True/False ?
Answer: False - The invisible hand works through the price system: The interaction of buyers and sellers determines prices. Each price reflects the good's value to buyers and the cost of producing the good. Prices guide self-interested households and firms to make decisions that, in many cases, maximize society's economic well-being.
Explanation:
Quizlet Econ Chapter 1
movie meaning is expressed through form in which of the following ways? select one: a. mood, tone, budget b. location, tone, marketing c. tone, location, significance d. location, significance, budget e. budget, marketing, mood
Movie meaning is expressed through the following way (a) mood, tone and budget.
Movie meaning or Film budgeting is the method used to create a budget for a movie production by a line producer, unit production manager, or production accountant. This lengthy document, which might be over 130 pages, is used to obtain funding for the movie and to initiate pre-production and production. To reduce expenditures, the budget may need to go through several versions. Typically, there are four categories in a budget: above the line (creative talent), below the line (direct production expenditures), post-production (editing, visual effects, etc.), and other (insurance, completion bond, etc.). Film marketing and promotion are not included in the budget because they fall under the purview of the film distributor. A private investor, sponsor, product placement, film studio, entertainment firm, and/or personal finances are all possible sources of film financing.
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how to find out if someone claimed me on their taxes?
Husbands can tax claims for their wife claim and on the other hand, wives can claim for their husbands' claims.
What is a tax claim?tax claim is also known as a tax refund when extra tax is paid by an individual then the return is called a tax claim.A tax refund is a money given to taxpayers who overpaid their taxes, usually because their employers took too much money out of their paychecks. According to estimates from the U.S. Treasury, nearly three-quarters of taxpayers receive tax refunds as a result of over-withholding. Overpaying taxes can be thought of as a government loan without interest.Every time an employee is paid, the majority of businesses are required to withhold income taxes. A tax refund occurs when the total amount withheld from an employee's paycheck throughout the year exceeds their actual owing amount.Withholding tables tell employers how much tax to withhold from an employee's paycheck. This information is used to determine the amount that employers deduct from each paycheck and send to the Internal Revenue Service (IRS).By completing the W-4, which details their tax filing status, dependents, tax deductions, and other information that can affect their tax burden, employees contribute to this process. The W-4 form, salary, and frequency of paychecks all influence the amount of taxes withheld. When estimating their liability at the end of the year, employees can also fine-tune the amount of withholding they will make.learn more about tax claims/refund
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Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve. Shift of the demand curve Movement along the demand curve Answer Bank 1. College students purchase many more energy drinks during finals week than during ther of the semester 2. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices, 3. Students et out more often as the federal government increases how much grant money it provides students
Shift in the Demand Curve: College students buy a lot more caffeinated beverages during last week than they do the remainder of the semester; as the national govt grows, students dine out more frequently.
Demand? What do you mean?Desire is the user's decision to purchase a certain good or service. The desire for a specific good on the market is known as market demand. The entire demand for commodities and services inside the business is known as aggregate demand. The degree to which supply and demand are balanced determines how much a good or service will cost. recognising the idea of demand.
What is an example of full demand?For businesses, the ideal situation is full demand, where supply and demand are balanced. This indicates that consumers are spending money at the same rate as producers.
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which function refers to acquiring and retaining human resources? controlling planning staffing organizing decision making
Staffing is the component of the management process dealing with obtaining, developing, hiring, assessing, remunerating, and keeping people so that the correct sort of people.
are available in the company at the right roles and at the right time. Human resource management (HRM) staffing is the activity of personnel recruiting, screening, and selection undertaken inside a corporation to fill job positions. Because staffing is a leadership function, this relates to directing in management. Human resource planning ensures that personnel and occupations are a good fit while preventing manpower shortages or surpluses. The HRP process consists of four major phases. They include assessing current labor supply, anticipating labor demand, balancing predicted labor demand with supply, and assisting in the achievement of organizational goals.Because staffing is a leadership function, this relates to directing in management. Human resource planning ensures that personnel and occupations are a good fit while preventing manpower shortages or surpluses.
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high roller incorporated is trying to decide whether to buy a private jet or to lease one. the finder's fee is incurred only if the private jet is bought. the finder's fee is what type of cost for this decision?
high roller incorporated is trying to decide whether to buy a private jet or to lease one. the finder's fee is incurred only if the private jet is bought . the finder's fee is relevant cost for this decision.
What is relevant cost?Any expense that is important to a choice is referred to as a relevant cost. If a decision results in a change in cash flow, the subject is relevant. Additional money that needs to be paid can alter cash flow. less money that needs to be paid. Relevant costs are those that a managerial choice will have an impact on. Costs that are irrelevant won't change whether you choose one course of action over another in the future. Overheads, sunk costs, and committed expenses are a few examples of irrelevant costs because they cannot be avoided.Only unavoidable expenses are significant. Whether or not decisions are made, fixed costs must be incurred. Sunk costs can't be recovered and are therefore useless.To learn more about relevant cost refer to:
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an example of external communication involves a. a company newsletter to its employees. b. a 30-second television commercial. c. an administrative assistant talking to her manager. d. an inter-office memo.
Social media, email, newsletters, and other forms of external communication are examples.
What is meant by external communication?The procedures in charge of contacting people and organisations outside of your organisation are known as external communications. Customers, companies, suppliers, partners, investors, governments, and law enforcement are a few of these.
A company's external environment is its exterior environment and its external environment is where it communicates with other people or entities. Consumers, future customers, suppliers, investors, shareholders, and society as a whole are some examples of these persons and entities. Social media, email, newsletters, and other forms of external communication are examples.
External communication often consists of email, brochures, newsletters, posters, advertising, and other types of multimedia marketing intended to draw clients, partners, and suppliers to engage in profitable business dealings.
Therefore, the correct answer is option C. A 30-second television commercial.
The complete question is:
An example of external communication involves
A. An administrative assistant talking to her manager.
B. An inter-office memo.
C. A 30-second television commercial.
D. A company newsletter to its employees.
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Which is an example of a graduated repayment plan for student loans?
a. lower and increase every 1 years
b. lower and increase every 2 years
c. lower and increase every 3 years
d. lower and increase every 4 years
Option (A) is correct, lower and increase every 1 years an example of a graduated repayment plan for student loans.
What is a student loan and how will it work?A student loan gives you access to money with a modest monthly payback schedule, allowing you to pay for your education. These grants can assist you in paying for your tuition, registration fees, and other related expenses like lodging, books, or a computer you'll need it for your studies.
Student loans: Are They Beneficial?Students who otherwise wouldn't be able to go to college can now do so with the help of student loans. A credit history is not required to be eligible for a student loan. Compared to private loans, student loans frequently have cheaper interest rates.
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several public libraries in colorado were forced to close after inspectors found bathrooms had been contaminated by...
Tests conducted at several Colorado public libraries indicated hazardous levels of methamphetamine there, forcing the libraries to close.
What happen to the public library in Englewood?Following the shutdown in Boulder, the Edgewater Public Library shuttered last week after tests levels of meth were found there as well as many library sections that tested above permitted levels.
Why was the main Boulder library closed down?After staff saw drug use there in both November and December, the Colorado Main Library was closed for more than two weeks in late December after lavatory exhaust vents also revealed excessive amounts of methamphetamine. The facilities were among "the busiest in the city," according to the city.
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when an accountant is not independent of an entity and is requested to perform a compilation of the entity's financial statements, the accountant:
C - May accept the engagement and should disclose both the lack of independence and the reason for the lack of independence is correct.
Because an accountant might accept the engagement, answer A is untrue.
Because the absence of independence needs to be disclosed, answer B is erroneous.
Because AR 100 says that an accountant may accept such an assignment and that the compilation report should reveal the loss of independence but not the cause of that lack of independence, answer C is the right one. If a CPA is asked to prepare an annual account but is not required to be independent of the client, the CPA is not permitted to accept the contract.
The complete question is:
When an accountant is not independent of a client and is requested to perform a compilation of its financial statements, the accountant
a) Is precluded from accepting the engagement.
b) May accept the engagement and need not disclose the lack of independence.
c) May accept the engagement and should disclose the lack of independence, but not the reason for the lack of independence.
d) May accept the engagement and should disclose both the lack of independence and the reason for the lack of independence.
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employer promises to pay retiree a $10,000 per year pension for the remainder of retiree's life in return for retiree's promise to pay employer $1 per year. retiree foreseeably relies on the promise by taking out a mortgage on a small vacation home. later employer, who never intended to pay the pension, unfairly reneges on his promise. employer's promise:
This situation describes a contract between the employer and retiree, in which the employer promises to pay the retiree a $10,000 per year pension for the remainder of the retiree's life in exchange for the retiree's promise to pay the employer $1 per year.
What is Breach of Pension Contract?When a company doesn't perform the obligations indicated in a retirement account or agreement they've formed with an employee, it is a breach of the pension contract. This may include failing to pay the appropriate pension plan contributions or failing to provide the employee with the promised pension benefits. In some circumstances, the employer may also modify the pension plan's conditions without the employee's approval or completely terminate the plan, which can also be viewed as a violation of contract.
Employees may be able to claim compensation for any damages sustained as a result of an employer's breach of a pension contract if they can demonstrate the breach. Included in this are any incremental charges incurred, such as lost pension benefits, and legal fees.
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The following facts relate to Duncan Corporation.
1. Deferred tax liability, January 1, 2020, $30,000.
2. Deferred tax asset, January 1, 2020, $10,000.
3. Taxable income for 2020, $105,000.
4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $230,000.
5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $95,000.
6. Tax rate for all years, 20%. No permanent differences exist.
7. The company is expected to operate profitably in the future.
Instructions
(a) Compute the amount of pretax financial income for 2008.
(b) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2008.
(c) Prepare the income tax expense section of the income statement for 2008, beginning with the line "Income before income taxes. "
(d) Compute the effective tax rate for 2008
The amount of pretax financial income for 2008 is $84,000. Income taxes payable for 2008 is $12,000. The effective tax rate for 2020 is 25%.
How do you compute the amount of pretax financial income?a) To compute the amount of pretax financial income for 2020, we need to calculate the income tax expense for 2020 and then subtract it from taxable income.
Income tax expense for 2020 = Taxable income * Tax rate
Income tax expense for 2020 = $105,000 * 20% = $21,000
Pretax financial income for 2020 = Taxable income - Income tax expense
Pretax financial income for 2020 = $105,000 - $21,000 = $84,000
b) To record income tax expense, deferred income taxes, and income taxes payable for 2020, the following journal entry would be made:
Debit: Income Tax Expense $21,000
Credit: Deferred Tax Liability $4,000
Credit: Deferred Tax Asset $3,000
Debit: Income Taxes Payable $18,000
The deferred tax liability and deferred tax asset are calculated as follows:
Deferred tax liability = Cumulative temporary difference giving rise to future taxable amounts * Tax rate
Deferred tax liability = $230,000 * 20% = $46,000
Deferred tax asset = Cumulative temporary difference giving rise to future deductible amounts * Tax rate
Deferred tax asset = $95,000 * 20% = $19,000
The deferred tax liability and deferred tax asset are then adjusted by the deferred tax liability and deferred tax asset at the start of the year:
Deferred tax liability = $46,000 - $30,000 = $16,000
Deferred tax asset = $19,000 - $10,000 = $9,000
So the deferred tax liability is $16,000 and the deferred tax asset is $9,000
The income taxes payable is the current income tax expense less the deferred tax asset:
Income taxes payable = $21,000 - $9,000 = $12,000
c) The income tax expense section of the income statement for 2020 would be as follows:
Income before income taxes $84,000
Income tax expense $21,000
Net income $63,000
d) To compute the effective tax rate for 2020, we need to divide the income tax expense by the pretax financial income:
Effective tax rate = Income tax expense / Pretax financial income
Effective tax rate = $21,000 / $84,000 = 0.25 or 25%.
So the effective tax rate for 2020 is 25%.
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during the evaluation of alternatives stage, consumers rely on a set of formalized steps to arrive at a decision. this type of decision making is called:
This type of decision making is called as rational decision making.
In order to optimise the quality of their outcomes, decision-makers should take a number of steps that are described in the rational decision-making model. In other words, following the formal processes of the rational decision-making model may make sense if you want to ensure that you make the best decision. A decision-making process centred on selecting decisions that produce the greatest possible profit or utility is referred to as rational behaviour. An economic theory called rational choice theory makes the assumption that people behave rationally. Since the gratification could be solely emotional or non-monetary, rational activity may not include obtaining the greatest monetary or material advantage.
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which statement describes a technique used to address the issue of ensuring the payment of adequate child support by a noncustodial parent when the parents of minor children are divorced? a) to prevent inflation from eroding the value of child support payments, the custodial parent must make periodic petitions to a court to increase such payments. b) to ensure that child support payments are continued if the noncustodial parent dies or becomes disabled before such payments are to cease, the parents must enter into a nuptial agreement. c) insurance on the life of the noncustodial parent must be owned by an irrevocable life insurance trust to prevent the noncustodial parent from changing the beneficiary. d) an irrevocable trust established and funded by the noncustodial parent to ensure payment of child support can be a valuable tool to protect such assets from the claims of future creditors of the noncustodial parent.
An irrevocable trust established and funded by the non-custodial parent to ensure payment of child support can be a valuable tool to protect such assets from the claims of future creditors of the non-custodial parent describes the technique.
What is an irrevocable trust?
An irrevocable trust is one that, once established, cannot be changed, amended, modified, or revoked. A property cannot be removed from an irrevocable trust after it has been put into one, not even the settlor.
What is an irrevocable trust's drawback?
A revocable trust cannot be used to avoid income or estate taxes when transferring assets. Lack of asset protection. Despite the fact that assets kept in an irrevocable trust are often protected from creditors, the same is not true of revocable trusts.
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i roll a die, and i will give you an amount in pounds equal to the number on the die. for example, if i get 5, i will give you 5 pounds. what is the price you are willing to pay for this game?
Your design incorporates two more scoreboards in the infield because center field spectators cannot see this one.
How can you determine the anticipated value of a dice game?We multiply each event's value by its likelihood before adding the results to determine the expected value. As a result, we multiply -3 times 7/36, which yields -21/36, for the case of getting a sum of 2, 4, or 10. Additionally, we multiply -2 by 6/36, which is -12/36, in the case of a sum of 7.
What is an illustration of expected value?Definition and justification
The probability times the estimated value of each occurrence equals the expected value. A 50% chance of winning $100, for instance, is worth $50 to you if you don't win.
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