Answer: Liability of $300,000
Explanation:
In the question above, what we have is a deferred tax liability, which could be explained as the amount accrued in taxes at a present time but payable in the future. The tax rate will not be based in the present tax rate. Thus is why we will not be using the 30% tax tate of 2018 in calculating the tax amount.
Tax rate = 40%
Exceeded tax basis = $750,000
0.4 × 750,000 = $300,000
Therefore, Johns-Hopper should report the deferred tax effect of this difference in its December 31, 2018, balance sheet as Liability of $300,000
Answer:
The Current and Acid Test ratios help show whether a company will be able to pay of its current obligations with its current assets.
<h2>
Current Ratio:</h2>
Camero : GTO
= Current Assets / Current liabilities = 3,500 / 1,000
= 5,200 / 2,000 = 3.50
= 2.60
Torino
= Current assets / Current liabilities
= 7,410 / 3,800
= 1.95
<h2>
Acid-Test ratio </h2>
Camero
= (Current Assets - Inventory - Prepaid expenses) / Current liabilities
= (5,200 - 2,600 - 200) / 2,000
= 1.20
GTO
= (3,500 - 2,420 - 500) / 1,000
= 0.58
Torino
= (7,410 - 4,230 - 900) / 3,800
= 0.60
Answer:
The answer is: Extended problem solving
Explanation:
Extended problem solving involves an elaborate decision-making process in which a consumer (Lexi) will try to get as much information as possible on all her available options (possible gifts) and then decide which option (gift) will . be better.
Consumer usually take this approach on issues they consider very important and of high risk. Lexi knows her sister´s graduation is important and doesn´t want to look bad.
