Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
Answer:
The correct answer is d) changing demographics in the labor force.
Explanation:
Demographic changes in the workforce are essential in companies since labor diversity helps to increase work experiences. Through diversity, you can find a variety of ideas and criteria, this due to the difference in cultures that will enrich the scope of the company.
Migration is one of the biggest reasons why companies can see a diverse workforce, so companies must take measures to promote tolerance and harmony in the work area since not everyone feels comfortable with differences.
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Answer:
The Age discrimination Act of 1967 protects the rights of individuals forty years old and above.
Explanation:
The age discrimination Act includes a broad ban against age discrimination against workers over the age of forty and also specially prohibits; discrimination in hiring, promotion, wages and termination of employment and lay offs
Answer:
The $5,400 is the amount should Bad Brads BBQ record the equipment.
Explanation:
According to the Generally Accepted Accounting Principles (GAAP), the amount of asset is recorded at cost or fair market value which ever is lower.
The motive behind this is to present the financial statement in true and fair value rather than mislead values.
Since in the given question, the equipment purchase cost is $5,000 and shipping charges is $400.
So,
The total cost is = Purchase cost + shipping charges
= $5,000 + $400
= $5,400
And, the fair market value is $7,000.
By using the above explanation, the $5400 is the lesser amount than the $7,000.
Hence, the $5,400 is the amount should Bad Brads BBQ record the equipment.
