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irakobra [83]
3 years ago
8

The temporary difference will reverse evenly over the next two years at an enacted tax rate of 40%. The enacted tax rate for 201

5 is 28%. What amount should be reported in its 2015 income statement as the current portion of its provision for income taxes?
Business
1 answer:
zvonat [6]3 years ago
8 0

The correct answer is A) $392,000.

The amount should be reported in its 2015 income statement as the current portion of its provision for income taxes is $392,000.

To get this number you have to do the correct multiplication. You take the taxable income and multiply it by the enacted tax rate of the year 2015. So it is $1,400,000 x .28 (that is the 28%. The resulted number is $392,000.

This is how the corporation has to prepare the reconciliation for its first operation year.

The other options of the question were B) 560,000. C) 504,000. D) 720,000.

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The current market price of a share of Disney stock is $60. If a call option on this stock has a strike price of $65, the call c
erastovalidia [21]

Answer:

Is out of the money

Explanation:

A strike price is a particular price which if activated, derivative contracts can be sold or bought. Derivatives are considered as products in finance where underlying assets are major determinants of their value.

The stock price is considered as the current price that a share of stocks is sold and bought on the market.

Because the strike price is $65 and the stock price (market price) is $60, Disney is out of money and cannot be exercised profitably.

7 0
3 years ago
AirStep Shoe Company has two retail stores, one in Gainesville and the other in Orlando. The Gainesville store had sales of $100
Yakvenalex [24]

Answer:

D. $45,000

Explanation:

The computation of the contribution margin for the Orlando store is

= Total sales × contribution margin percentage - Gainesville sales × contribution margin percentage

= $250,000 × 32% - $100,000 × 35%

= $80,000 - $35,000

= $45,000

Contribution margin is come from deducting Gainesville contribution margin from the total contribution margin

7 0
2 years ago
All of the following are causes of structural unemployment except _____. falling of the stock market discovering new resources r
trapecia [35]

falling of the stockmarket
6 0
3 years ago
Read 2 more answers
You would like to use the periodic review model to compute the desired order quantity for a company. You know that vendor lead t
skad [1K]

Answer:

a. 40

Explanation:

The computation of the standard deviation of the demand is shown below:

= 8 × √(5+20)

= 8 × √25

= 8 × 5

= 40

Hence, the standard deviation of the demand is 40

Therefore the first option is correct and the same is to be considered

7 0
2 years ago
Sanborn Company has 10 employees, who earn a total of $3,300 in salaries each working day. They are paid on Monday for the five-
Alika [10]

Answer:

The correct option is A,debit salaries expense $9,900.00 and credit salaries payable $9,900.00

Explanation:

As at 31st December, which was a Wednesday, the company would have incurred salaries for three days i.e Monday-Wednesday.

If each day costs $3,300.00 in salaries ,hence three days would cost $9.900.00(3*$3,300.00) in total.

Since amount of salaries owed is $9,900.00, an entry  has to passed in salaries payable account to show that the business has an obligation of $9,900.00 to settle by crediting salaries payable account and the corresponding debit  entry would be in salaries expense account in order to recognize costs.

5 0
3 years ago
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