Answer:
The corporation tax of company for interim financial reporting must be determined using previous quarter corporation tax amount minus previous quarter tax surplus or plus previous quarter tax deficit.
Explanation:
This is one of the way we estimate the corporation tax which helps in the better estimation. This way of estimating the corporation tax is recommended methods by the International Accounting Standard IAS 12 Taxes, for estimating taxes for interim and yearly financial reporting.
Answer:
The financial advantage (disadvantage) of accepting the outside supplier’s offer is $ 46000
Explanation:
Han Products Manufacturers
Per Unit Differential
Costs 32000 units
Make Buy Make Buy
Purchases 21 672000
Processing Cost
Direct materials $ 3.60 115200
Direct labor 9.00 288000
Variable Mfg overhead 2.40 76800
<u>Fixed Mfg overhead 2.00* 64000 </u>
<u>Total cost $ 17.00 21 544000 672000 </u><u> </u>
2/3 of the Fixed Mfg Cost will be charged and is not relevant if the parts are made or bought. (2/3* 6= $4)
The facilities now being used to manufacture part S-6 could be rented to another company at an annual rental of $82,000 which is an opportunity cost.
The complete analysis would be
Make Buy
Total Cost $544000 $ 672000
<u>Opportunity Cost ( Rental Space) 82000 </u>
Total Cost $ 626000 672000
Financial Disadvantage to buy $ 46000
It is better to make it internally than to buy from outside supplier.
Answer:
Explanation:
a. Cash paid for retirement of bonds would be deducted from cash flow's financing activities by 411,000
b. Cash received from issue of common stock would be added to the cash flow statement's financing activities as 440,000 [22*20,000]
c. Cash received from sale of equipment would be added to the cash flow statement's investing activities as 60,000
d. Cash paid for purchase of land would be deducted from cash flows from investing activities by 650,000
e. Cash paid for purchase of building would result in deduction from investing activities by 50,000
f. Cash received from issued of bonds would be added to the cash flows from financing activities as 490,000
[500,000/100 * 98]
g. Cash paid for purchase of treasury stock would decrease cash flows from financing activities by 332,500
[10,000*33.25]
h. Cash paid for dividents would be deducted from cash flow from financing activities by 1,320,000
[1,000,000 - 120,000]*1.50 = 1,320,000
Answer:
should switch to a new more aggressive type of marketing
Explanation:
Based on the information provided within the question it seems that Magnira Corp has a good product since it saw a huge rise in profits and customers. This being the case she should switch to a new more aggressive type of marketing in order to reach a wider audience and convince them that Magnira Corp's products are better than the competition's.
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I would politely tell the interviewer that I am not able to answer that question as it would be considered an invasion of personal privacy as per the Privacy Act of 1974, I would then point out that I do my best to always respect the privacy of others, and of course follow all laws and rules as set forth by my employer, and state and federal law. Emphasize to the interviewer, that I am a person who can be trusted.
