Car insurance, Gas, Routine Oil change, breaks and any mechanical issues that may arise.
Answer:
Yes, these facts are valid against Hannah which comes under Ratification Doctrine.
Explanation:
Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.
During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.
Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.
Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.
So, based on the facts the contract was valid because it came under Ratification Doctrine.
Answer:
B) proportional
Explanation:
In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income
Therefore in the given case, the tax structure should be proportional
hence, the correct option is B
And, the same is to be considered
Answer:
$5,000 ; $2,550
Explanation:
The computation is shown below:
For net income in year 1
= Reported net income + overstated inventory amount
= $3,000 + $2,000
= $5,000
For net income in year 2
= Reported net income - understated inventory amount
= $3,000 - $450
= $2,550
Therefore, the net income in Year 1 and in Year 2 is $5,000 and $2,550 respectively.
Answer:
b. $80,000
Explanation:
The computation of the deferred portion of its provision for income taxes should be given below:
= $300,000 ÷ 3 years
= $100,000
Now
= 30% of $100,000 + 25% of $100,000 + 25% of $100,000
= $30,000 + $25,000 + $25,000
= $80,000
Therefore the option b is correct
