Answer:
Average tax rate
Explanation:
The average tax rate is that tax rate at which the taxes amount is divided by the total income amount
In mathematically,
Average tax rate = (Amount of taxes ÷ total income amount) × 100
It is always be expressed in percentage.
Suppose the tax amount is $25,000 and the total income amount is $100,000
So, the average tax rate would be
= $25,000 ÷ $100,000 × 100
= 25%
Answer:
the depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively
Explanation:
The computation of the depreciation expense using the double declining method for the year 2020 and 2021 is as follows:
For 2020
= (Cost) × depreciation rate
= $45,000 × 1 ÷ 5 × 2
= $18,000
For 2021
= ($45,000 - $18,000) × 0.40
= $10,800
hence, the depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively
Answer:
$ 21,000
Explanation:
To determine the answer we need to preoare a movemnet of the account for uncollectible account.
Opening balance - Allowance for uncollectible accounts $ 180,000
Add: Bad debt expense for the year <u>$ 21,000</u>
Available balance of Allowance for uncollectible accounts $ 201,000
Less: Closing balance - Allowance for uncollectible accounts <u>$ 190,000</u>
Actual bad debts written off $ 21,000
The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.
Cost-benefit analysis is a method used for making business decisions<span>:</span>
The fact that Rita uses cost-benefit analysis while she makes decisions for smart investments is part of <span> the normative ethical system: </span><span>utiliarian ethics.
</span> This system is a consequentialist theory that is focused on the consequences of ethical decisions.