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3 years ago

Which of the following is a program used to display web pages? Web browser Web server Client HTML

1 answer:

5 0

The answer is Web Browser; the web client requests information from the web server. The web browser is what displays the information given from the client. Lastly, HTML is what people use for the graphics, text, fonts, and more that you might see on a web page.

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At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16

Alex

Answer:

1 . Dr ncome tax expense 7

Dr Deferred tax asset 4

Cr Income tax payable 11

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

Explanation:

Preparation of Journal entries

JournalDebitCredit

(In million)

1 . Dr ncome tax expense 7

($11-$4=7)

Dr Deferred tax asset 4

($16× 25% = $4)

Cr Income tax payable 11

($44 × 25% = $11 )

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

5 0

3 years ago

Until recently, hamburgers at the city sports arena cost $ 2.50 each. The food concessionaire sold an average of 1750 hamburgers

Artyom0805 [142]

Answer:

(A) p = -0.002x +6; 0 ≤ x ≤ 3000

(B) R(x) = x(6 -0.002x); 0 ≤ x ≤ 3000

(D) (550, 2695), (1730, 4394.20)

(E) P(x) = -0.002x^2 +4.56x -1903

(F) increasing at $2.16 per hamburger

Explanation:

(A) The two-point form of the equation for a line can be used.

y = (y2 -y1)/(x2 -x1)(x -x1) +y1

The two points we have are ...

(x, p) = {(1750, 2.50), (1450, 3.10)}

so the equation is ...

p = (3.10 -2.50)/(1450 -1750)/(x -1750) +2.50

p = 0.6/-300(x -1750) +2.50

p = -0.002x +6

The domain of this function is where x and p are greater than 0. That will be for ...

0 ≤ x ≤ 3000

(B) Revenue is the product of burgers sold (x) and their price (p).

R(x) = xp

R(x) = x(6 -0.002x)

The domain of R(x) is 0 ≤ x ≤ 3000. This is the same as the domain of p(x).

___

(C) The cost function is the sum of fixed costs and variable costs:

C(x) = 1.44x +1903

(D) See the attachment for a graph of cost and revenue. The break-even points are (x, revenue) = (550, 2695), (1730, 4394.20).

(E) Profit is the difference between revenue and cost.

P(x) = R(x) - C(x) = x(6 -0.002x) -(1.44x +1903)

P(x) = -0.002x^2 +4.56x -1903

(F) The marginal profit is the derivative of the profit function:

P'(x) = -0.004x +4.56

P'(600) = -0.004(600) +4.56 = -2.40 +4.56 = 2.16

At a production level of 600, the profit is increasing at a rate of $2.16 per hamburger.

6 0

3 years ago

An investor must decide between putting $2,000 into a regular retirement plan or putting $1,440 into a Roth retirement plan. If

Novosadov [1.4K]

Answer:

They both produced the same cash amount

Explanation:

The regular retirement would have its deducted after withdrawal from the plan while Roth retirement plan's tax would have been deducted prior to investing funds in the plan

The future value of the $2000 is computed thus:

FV=PV*(1+r)^n

PV is the amount saved in the plan which is $2000

r is the growth rate of the funds in the plan which is 12%

n is the number of years the amount would be left in the plan

FV=$2000*(1+12%)^20=$ 19,292.59

After tax amount=$ 19,292.59*(1-28%)=$ 13,890.66

The future value of the $1,440 is computed thus:

FV=$1,440*(1+12%)^20=$ 13,890.66

The Roth plan has not tax implication thereafter as tax was paid before savings.

7 0

3 years ago

Larson, Inc. is an integrated marketing solutions company. Whenever a client comes to it wondering why a product was not welcome

iVinArrow [24]

Answer:

Defining the problem

Explanation:

In this scenario clients come to Larson Inc wondering why a product was not welcomed by its target audience or why customers have stopped buying another product.

According to Impiric a marketing solutions company the first step in marketing research process is defining the problem.

Why are products not being welcomed by their target audience?

This will give insight and help in formulating a solution to tackle the challenge

6 0

3 years ago

Harrington Company was sued by an employee in late 2017. General counsel concluded that there was an 70 percent probability that

insens350 [35]

Answer:

Explanation:

From the given information; the objectives are to:

A. Prepare journal entries for this lawsuit for the years ending December 31, 2017, and December 31, 2018, under (1) U.S. GAAP and (2) IFRS.

B. Prepare the entry(ies) that Harrington would make on the December 31, 2017, and December 31, 2018, conversion worksheets to convert U.S. GAAP balances to IFRS.

A. Journal entries for the lawsuit for the years ending December 31, 2017 and December 31, 2018

1 Under US GAAP Debit Credit

31 Dec, Loss on lawsuit-estimated $34,000

2017 Estimated liability for lawsuit $34,000

(estimated liability provided for lawsuit)

31 Dec, Estimated liability for lawsuit $34,000

2018 Additional loss on lawsuit $33,000

Cash $67,000

(cash paid on settlement)

2 Under IFRS

31 Dec, Loss on lawsuit-estimated $56000

2017 Estimated liability for lawsuit $56000

(estimated liability provided for lawsuit)

31 Dec, Estimated liability for lawsuit $56000

2018 Additional loss on lawsuit $11000

Cash $67000

(cash paid on settlement)

Under US GAAP, if there is a range of possible losses but loss cannot be estimated within that range, the entity will record the low end of the range.

Under IFRS, if loss cannot be estimated with in the range, the entity will record the midpoint of range.

N.B:

Additional loss on lawsuit = 67000 - 34000

Additional loss on lawsuit = 33000

Estimated liability for lawsuit = (32000 + 78000)/2

Estimated liability for lawsuit = 56000

B. Journal entry for conversion from US GAAP to IFRS

31 Dec, Loss on lawsuit-estimated $22000

2017 Estimated liability for lawsuit $22000

31 Dec, Estimated liability for lawsuit $22000

2018 Additional liability for lawsuit $22000

6 0

3 years ago