Excise taxes tend to<span> increase prices.</span>
Answer:
The income tax expense for 2021 income statement is $101 million as computed in the explanation section below.
Explanation:
The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:
Income tax payable $90 million
deduct;increase in deferred tax asset($170-$130) ($40 million)
Add;unrealized deferred tax asset($170*30%) $51 million
Income tax expense for 2021 income statement $101 million
Answer:
D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150
Explanation:
The journal entry is shown below:
Interest expense $21,385
To Discount on bond payable $235
To Cash $21,150
(Being the interest expense is recorded)
The computation is given below:
The interest expense is
= $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months
= $21,385
The cash is
= $470,000 × 9% ÷ 12 months × 6 months
= $21,150
And, the remaining balance is credited to discount on note payable
We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable
Answer:
c. Exporting
Explanation:
Exporting strategy -
It offers the prospective of new markets , better profit , more sales and wider spread of customers .
The strategy can even make the person successful .
The strategy of export is based on the assessment of the position and the research into a promising opportunities .
Hence , from the options given , the most appropriate is the Exporting .
The differences in average income are $6,080, $6169, $18,219, and $19,151.
The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.
Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.
Less than Highschool vs. High school graduate:
- $31,956 - $25,876 = $6,080
High school graduate vs. some college or Associate's degree:
Some college or Associate's degree vs. Bachelor's degree:
- $56,344 - $38,125 = $18,219
Bachelor's degree vs Profession or Doctorate degree:
- $75,495 - $56,344 = $19,151
Learn more about mathematics in: brainly.com/question/12083755
