What else besides raw materials would be included in input costs?

Grace is a finance manager at her firm. She wants to make a decision based on the inputs of her group members and their agreemen

tankabanditka [31]

Answer: Consensus leadership style

Explanation: In the consensus leadership style the leader tries to incorporate every team member in the decision making process. In such leadership style, all the members of the team tries to make a decision that benefits all of them.

In the given case, Grace wants the inputs from all of its team members while making a decision. Hence, she can use consensus leadership style.

5 0

2 years ago

Grand River Corporation reported pretax book income of $700,000. Included in the computation were favorable temporary difference

Oliga [24]

Answer:

The income subject to tax is 470,000

Income tax expense 105,000 debit

Income tax payable 98,700 credit

Income tax liability 6,300 credit

DISCLAMER:

We aren't given any tax-rate thus we calculate based on the 2020 tax for corporation which is 21%

Explanation:

The permanent difference will be ignored as they are permanent will not produce tax liability or tax assets in the future.

favorable temporary difference 200,000

unfavorable temporary difference (170,000)

net favorable temporary difference 30,000

In the current period, the company will pay for a tax-base 30,000 less

but, in the future this difference will settle this, I will create a tax-liability

30,000 x 21% = 6,300

income subject to income tax:

book income 700,000

permanent difference (200,000)

accounting taxable income 500,000

temporary difference (30,000)

Taxable Income 470,000

Income tax expense: 470,000 x 21% = 98,700

income tax expense: 500,000 x 21% = 105,000

6 0

3 years ago

Gourmet Pets is interested in computing the break-even point for its new product Prime Cuts. The fixed costs of adding this prod

EleoNora [17]

Answer:

C. 5,000 units

Explanation:

The break-even point is the number of units Gourmet Pets needs to sell to outweigh the fixed costs plus the production costs. Let 'x' be the number of Prime Cuts units sold, the expression that models the balance for Prime Cuts is:

$B = -20,000 - 2x +6x$

In order to break even, the balance must be equal to or greater than zero:

$0 = -20,000 - 2x +6x\\x= \frac{20,000}{4} \\x=5,000$

The break-even point would be 5,000 units.

5 0

3 years ago

What are four importance of a business plan

Firlakuza [10]

-avoid mistakes/disasters (lack of teamwork, pricing, etc)
-setting objectives
-helps with development and growth
-create marketing strategy

3 0

2 years ago

Issued a cheque of rs. 39000 to Saurya stores in full settlement. journal entry

Semmy [17]

Answer:

When issuing a check to a creditor as is being done here, you need to debit the creditors account (Accounts Payable) to show that you are paying off the debt.

You also need to credit cash because a credit will show that cash was used to pay for something and so has reduced.

Date Account Title Debit Credit

XX-XX-XXX Accounts Payable - Saurya Stores Rs. 39,000

Cash Rs. 39,000

4 0

2 years ago