Answer:
A) $240,000
Explanation:
Deferred tax asset is an asset recognized when taxable income and hence tax paid in current period is higher than the tax amount worked out based on accrual basis or where loss carryforward is available. It's classification as current or noncurrent highly depends on the classification of the asset or liability that gave rise to it.
$800,000×30% = $800,000× 0.3 = $240,000
The deferred tax asset to be recognized is $240,000
Answer:
d. Relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.
Explanation:
"The adverse effects of rent control are less apparent to the general population because these effects occur over many years. In the short run, landlords have a fixed number of apartments to rent, and they cannot adjust this number quickly as market conditions change. Moreover, the number of people searching for housing in a city may not be highly responsive to rents in the short run because people take time to adjust their housing arrangements. Therefore, the short-run supply and demand for housing are relatively inelastic."
Reference: Gans, J., King, S., & Mankiw, N. G. (2011). Principles of microeconomics. Cengage Learning.
This is a complicated answer that uses the IS-LM-BP model, but being rather complicated i dont go into fine detail. It is hard to know what is better for an economy. Raising the interest rate lowers consumer purchasing but increases the capital account through investment and vise versa. INcreasing government funding increases money in the economy, thus interest rates increase along side output. But being a new keys myself, i believe that both fiscal and monetry policy can aid in this, but can be seen more easily if only one approach is used first as both measures have different lags.
<span>Exchange rates feed of the following variables </span>
<span>1) the exchange rate of another nation (nominal) and the exchange rate of the host country minus (as below) </span>
<span>2) CPI </span>
<span>3) PPI </span>
<span>These combinations make up an exchange rate figure that is used for money trading. The value of exchange rates and thus money is affected by the following: </span>
<span>1)demand for the currency </span>
<span>2) inflationary rates of a host exchange rate vs other exchange rates </span>
<span>3) future pricings (co-intergration linked with the futures commidity market) </span>
<span>I hope this helps</span>
Answer: $0
Explanation:
Fron the question, we are informed that Patterson Co.’s Depreciation Expense is $20,200 and the beginning and ending accumulated depreciation balances are $150,100 and $155,100, respectively.
The cash paid for depreciation will be $0. It should be noted that depreciation has to do with the ear and tear of an asset because its usage therefore no cash will be paid for depreciation.