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adoni [48]
3 years ago
6

The United States Navy purchases uniforms from a single supplier. For the last twenty-five years, the trousers purchased from th

is supplier have not changed and have been bought every six months, in seven different sizes. This example is called aA. new-product purchaseB. repetitive purchaseC. straight rebuyD. modified rebuyE. standard order
Business
1 answer:
SVETLANKA909090 [29]3 years ago
8 0

Answer:

C. straight rebuy

Explanation:

Straight rebuy -

It is the method , when the customer purchases another identical goods in the  same amount with the same terms and condition , from the very same supplier , is known as straight rebuy .

Hence , from the question ,

The United States Navy buys uniform from the same supplier for the last 25 years .

Therefore ,

the information given in the question is about straight rebuy .

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the temporary difference is $60 million. Payne has no other temporary differences and no valuation allowance for the deferred ta
anastassius [24]

Answer:

Answers are available in the attached images

Explanation:

This question is incomplete. I will type the complete question below and add image attachments of the solution as tabulated journal entries are required.

At the end of 2017, Payne industries had a deferred tax asset account with a balance of $26 million attributable to a temporary book tax difference of $65 million in a liability for estimated expenses. At the end of 2018, the temporary difference is $60 million. Payne has no other temporary differences and no valuation allowance for the deferred tax asset. Taxable income for 2018 is $220 million and the tax rate is 40%. Required:

1. Prepare the journal entry(s) to record Payne’s income taxes for 2018, assuming it is more likely than not that the deferred tax asset will be realized.

2. Prepare the journal entry(s) to record Payne’s income taxes for 2018, assuming it is more likely than not that one-fourth of the deferred tax asset will ultimately be realized.

5 0
3 years ago
On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J
SashulF [63]

Answer:

1. The Ensor's stock measurement date is January 01, 2021

2. Compensation expense for the stock option is $50 million

3. Please see journal entry in the explanation below.

Explanation:

1. It was clearly indicated in the question that on January 1, 2021 , 32 million stock options were granted hence measurement date is ; 1st of January, 2021

2. The fair value per stock option is $6

Therefore, total compensation expenses = $6 × 25 million

= $150 million

Since the options are exerciseable between 01/01/2024 and 01/01/2026

The period for vesting will be 3 years from 01/01/2021 - 31/12/2023

Therefore, the compensation expense for the stock option in year 2021 = Total compensation expense/ Vesting period

= $150 million /3

= $50 million

3. Since 2.6 million(10%) were forfeited, 90% represent the remaining unforfeited. I. e (100%-10%)=90%

In 2022, which is the second year of the vesting period, compensation expense would be;

Compensation expense of 2022 = (Total compensation expense * 90% * the order of the period / Number of period - Compensation expense of

2021

= $150 million *90% *2/3 - $50 million

=$40 million.

In 2023,

Dr Cr

Compensation expense. $40 million

Paid in capital stock options. $40 million

4 0
3 years ago
Herb Kelleher, founder and long-time chief executive officer of Southwest Airlines, was known for inspiring and motivating his e
marin [14]

Answer:

Interpersonal Skills

Explanation:

Interpersonal skill is the skill that connects one person with other due to the employee's behavior which helps him to get along with others. In other words, when we talk about interpersonal skills we are actually talking about the excellent way of interacting with people that results in better relation, respect, better job environment, motivation of employees, etc.

In this case, Herb Kelleher, the CEO has better relations with his company employees as he interact with the people well which is interpersonal skills.

8 0
2 years ago
cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of
ivanzaharov [21]

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

7 0
2 years ago
Should a company alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the compa
nalin [4]
NO. The company should not <span>alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the company does business. Especially if the alteration made is against company polity and ethics. 

The marketing campaigns must represent the authentic stance of the company. It should be presented in such a way that it gives out positive responses from clients and potential clients regardless of market sector.


</span>
8 0
2 years ago
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