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tangare [24]
3 years ago
12

Plutonic Inc. had $400 million in taxable income for the current year. Plutonic also had a decrease in deferred tax assets of $5

0 million and recognized tax expense of $80 million. The company is subject to a tax rate of 40%.
The change in deferred tax asset was a/an:A. Increase of $30 millionB. Increase of $130 millionC. Decrease of $30 millionD. Decrease of $130 million
Business
1 answer:
andrew-mc [135]3 years ago
6 0

Answer:

Deferred tax is increased by $130 million

Explanation:

We have given income = $400 million

Company is subject to a tax rate of 40 %

So tax rate = 40 %

So current Tax = $400×40%= $160 Million

Decrease in deferred tax assets of 50 million result in increase in tax expense

Hence total Tax Expense= $160+$50= $210 Million

But it is given that expense is only $80 million

So change in deferred tax is increases by = $210 - $80 = $130

So deferred tax is increases by $130 million

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the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

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If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

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2 years ago
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Total quality management.

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<em>Hence, in order to achieve a long-term success in customer satisfaction, organizations should use the total quality management approach by involving all of its employees with high standards and work ethics</em>.

4 0
3 years ago
Pizza is a normal good. if students' incomes at your college increase, the effect on pizza will be:________
erica [24]

Answer:

Normal goods have a positive relationship with income & purchasing power parity (PPP) with an increase in income ( I )  consumption of normal goods also increased respectively.

So, with the increase in students' income consumption of Pizza will be increased

As normal goods have a positive income elasticity of demand coefficient but it will be less than one.

Explanation:

Let’s discuss the normal goods, as a decrease in the price of normal goods its consumption will boost or increase. As when normal goods become cheaper, they will be consumed much as we know that people will consume them because of the logical reasoning of cheaper than its substitutes. Likewise, with an increase in income, its consumption will also increase but at a stage where it will become inelastic or constant.

You can learn more about Economics

at brainly.com/question/28179544

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1 year ago
Let's say you graduate from school and you are unemployed or take a low-paying job. What are your debt
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Answer:

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Explanation:

7 0
3 years ago
Read 2 more answers
Charlie sells cookies only in packages of 10. It costs him $3.50 in materials per package. Additionally, he has overhead costs o
yaroslaw [1]

Let x represent the number of packages Charlie needs to sell to make a monthly income of $5, 000 
Since he sells cookies only in packages of 10 then he has to sell 10x to make that income. But Charlie has expenses that has to be deducted from his total sales to make that figure.  
So the total expenses is $1, 500 in overhead and an extra $3.50 per material per package. So the total expenses = 1500 + 3.50x 
If he has to make $5, 000 at the end of the month we have
 10x - (1500 + 3.50x) = 5000
 10x - 1500 - 3.50x = 5000
 6.50x = 5000 + 1500 = 6500
 Solving we find:
 x = 1, 000 packages


5 0
3 years ago
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