Answer:
$10,200
Explanation:
The computation of the deferred income tax expense or benefit is shown below:
Favorable temporary difference = $50,000
Less: Unfavorable temporary difference -$20,000
Net favorable temporary difference $30,000
We assume the tax rate is of 34%
So, the deferred tax expense is
= $30,000 × 34%
= $10,200
By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above
the correct answer will there in the book left page
Answer: 30 days
Explanation: Cash cycle refers to the amount of time it takes for a business from paying cash to its suppliers for raw materials and receiving cash from its customers fro the sales made.
Hence from the above we can say that :-
decrease in inventory will decrease the cycle.
Decrease in receivables will decrease the cycle.
decrease in payables will increase the cycle.
Thus,
cash cycle = 31 days - 2 days + 4 days - 3 days
= 30 days
Answer:
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