Answer:
$420,000 deferred tax asset
Explanation:
Deferred-tax assets are asset that occurred when company's or organization record income tax is less than the one which is been paid to the tax authority.
Taxable income 3,200,000
Less;Income (per books before income taxes) $2,000,000
Total $1,200,000
Therefore
$1,200,000×35%
=$420,000 deferred tax asset.
Cross record should record $420,000 as a net deferred tax asset or liability for the year ended December 31, 2018
Answer:
The answer is 1.8407.
Explanation:
To calculate interest rate for 228 days we will first calculate daily rate and than put value in compounding rate formula.
Daily interest rate = 2.92%/365 = 0.008 %
Interest rate 228 = (1+I%)^n -1
Interest rate 228 = (1+0.008%)^228-1 = 1.8407%
Answer: The Consumer Credit Protection Act (CCPA)
Explanation:
In 1968, The Consumer Credit Protection Act was enacted was enacted so that people would only received fair credit practices and also to protect the consumers from harm
According to the CCPA, the total cost that is involved with regards to a loan must be disclosed. Therefore, the federal laws that protects you if you have a complaint regarding consumer credit is The Consumer Credit Protection Act (CCPA).
Answer:
8,400 units
Explanation:
Abnormal spoilage is amount of units which are wasted or destroyed during production. Units that do not meet the standard can also be a part of abnormal spoilage. To calculate abnormal spoilage we will use formula below;
Abnormal Spoilage units = (Work in process beginning inventory + Units completed and transferred out) - (Units in work in process + Ending inventory units)
Abnormal Spoilage Units = (23,000 + 76,500) - (72,100 + 19,000) = 8,400 units.
Answer: Differences in product and technical standards
Explanation:
International market has some variety of item when it comes to when the product compete with the locally sold item. When a product which is not being made in a particular country is entering that same country it has some competition to deal with and would have to go through some required standard already in place set by the the country which it's going into. Each country will have their different technical standard and this would determine some decisions on how the international product will sell in this market.
