The right one is b available of different talents
Answer: Specialty product
Explanation: Specialty product are those product which carry a certain brand name or have some special quality in it that the customers in the market are willing to make some extra efforts to purchase it. In this case study Burberry makes rain coats and other items that carry high quality and strong brand name thus its products will be considered specialty products.
Most of the information's required for solving this question is already given. based on those information's the answer can be easily deduced.
Cost of producing 1 unit = $14
Selling price for 1 unit = $23
Fixed cost = $1200
Then
Cost C (x ) = 1200 + 14x
Revenue R (x ) = 23x
Profit P (x ) = 23x - 1200 - 14x
= 9x - 1200
I hope that the procedure is clear enough for you to understand and the answer has actually come to your desired help.
<u>Solution and Explanation:</u>
SC's Depreciable assets for the purpose of financial reporting and income taxes were $40000 and $33000 respectively. Its taxable income is$97000.Temporary difference will be there because of Depreciation.
Temporary Difference=Financial reporting Dep-Income tax depreciation
=40000 minus 33000
=7000
Pretax financial income=taxable income+Temporary Difference
=97000+7000=$104000
Deferred tax liability=7000 multiply 30%=2100
Income tax expense=104000 multiply 30%=31200
Income tax payable=97000 multiply 30%=29100
Dec 31 Income Tax ExpensenA/C Dr. $31200
To Income Tax Payable A/C $ 29100
To Deferred Tax Liability A/C $ 2100
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Answer:b
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Slatter Company
Partial Balance Sheet
December 31, 2013
Noncurrent Liabilities
Deferred Tax Liability $2100
<span>Trial balance, Ofcourse !</span>