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2 years ago

Which of these are ways to protect yourself against identity theft

Business

1 answer:

Free_Kalibri [48]2 years ago

6 0

Answer:

All of the above except: Don't tell people your dog's name

Explanation:

Hope this helps!

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Firm X has total earnings of $49,000, a market value per share of $64, a book value per share of $38, and has 25,000 shares outs

sveticcg [70]

Answer:

$1,456,000

Explanation:

Calculation to determine the value of the total equity of the combined firm, XY, if the purchase method of accounting is used

First step is to calculate the Assets from Firm X

Assets from Firm X = 25,000 ( $38 )

Assets from Firm X= $950,000 (book value)

Second step is to calculate the Assets from Firm Y

Assets from Firm Y = 22,000 ( $21 )

Assets from Firm Y = $462,000 (Market value)

Third step is to calculate the Goodwill

Goodwill = 22,000 ($21 + 2 ) - $462,000

Goodwill= $44,000

Now let calculate the the total equity of the combined firm, XY,

Total equity of XY = $950,000 + $462,000 + $44,000

Total equity of XY = $1,456,000

Therefore the value of the total equity of the combined firm, XY, if the purchase method of accounting is used will be $1,456,000

6 0

3 years ago

Brown and Lowery, Inc. reported $470 million in income before income taxes for 2018, its first year of operations. Tax depreciat

damaskus [11]

Answer:

$20 Million

Explanation:

Reported Income before taxes for 2018= $470 Million

Tax Depreciation excess over Financially Reported Depreciation= $ 50 Million

Income Tax rate for 2018= 35%

Enacted Rate for Years after 2018= 40%

Calculation

The Deferred Tax Liability= Excess of Tax Depreciation over Financially Reported Depreciation × Enacted Tax Rate

= $50,000,000 × 40%

=$20,000,000

Deferred Tax Liability

This represents the tax due for a particular period but yet to be paid. A deferred tax liability is the indication that an organisation will have to pay mor tax in the future as a result of a current transaction.

In the situation of Brown and Lowery, the Deferred tax is an applied tax rate to the excess of tax depreciation over financial reporting depreciation.

Based on International Accounting Standard (IAS) 12, Deferred tax liability should be calculated using the Enacted rate for years after the current period.

Also, $50,000,000 is the excess of tax depreciationi over depreciation used for financial reporting, however, since the firm has a $20, 000,000 which is a non-tax deductible expense then it will not affect our Deferred Tax Liability Calculation.

8 0

3 years ago

Parent Inc acquired 90% of Sub Inc on January 1, 20X8. Parent paid 50% of the acquisition price by cash and fund the rest with a

Rainbow [258]

Answer and Explanation:

Please find attached

4 0

3 years ago

Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00

makkiz [27]

Answer:

Estimated manufacturing overhead rate= $6.42 per direct labor hour

Explanation:

Giving the following information:

The company's executives estimated that direct labor would be $3,360,000 (240,000 hours at $14/hour) and that factory overhead would be $1,540,000 for the current period.

Using direct labor hours as a base, what was the predetermined overhead rate?

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,540,000/240,000= $6.42 per direct labor hour

5 0

3 years ago

No formal steps are necessary to create a sole proprietorship. True or false?

larisa86 [58]

Answer:

True

Explanation:

5 0

3 years ago