Answer:
$42,000
Explanation:
Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.
Insurance expense of $210,000
Tax rate of 20%
( $210,000 × .20 )
=$42,000
Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000
Answer:
Shopping products
Explanation:
Those items or products which are ready to be used by the buyer are called consumer products.
Shopping products are finished goods to be used by the consumer so they are consumer products.
Raw materials are not not consumer products because they are not sold directly they are processed before selling.
Process materials and special services are not consumer products they are producers products unless they are sold or bought in the market.
Component parts are different parts used for different purposes. They can be raw materials both for the producer and consumer.
The and is 3776569628383 easy hung
<span>Which of the functions of the federal reserve is appropriately matched with its correct institution? Holds reserve balances for depository institutions, the Federal Reserve Bank does this. The Federal Reserve System is the central banking system of the United States. This system has been around since the early 1900's to keep the Federal Reserve Act intact and serve as the main banking system. </span>
Answer:
It will fall by 20%
Explanation:
The reason being that by definition the purchasing power of a currency decreases as the price level rises.
Divide the old price index which is (200) by the new price index (250) and then multiply by 100. This will give you 80%. This means that the purchasing power of dollar declined by 20%.
Mathematically;
(Old Price Index)/(New Price Index)×100
200/250×100 = 80%
Which means 100%-80% =20%
It means the purchasing power value of dollar has fallen by 20%