Answer and Explanation:
The appropriate journal entry to record the income tax provision is shown below;
Income tax expense $4,031,000
To Deferred tax asset $31,000 ($76,000 - ($180,000 × $0.25)
To Income tax payable ($16,000,000 × 0.25) $4,000,000
(Being income tax expense is recorded)
Here the income tax expense is debited as it increased the expense, credited the deferred tax asset as it decreased the asset and credited the income tax payable as it increased the liabilities
Answer:
195,000= fixed costs
Explanation:
Giving the following information:
Sales $400,000
Margin of safety $ 100,000
Contribution margin ratio of 65%
To calculate the fixed costs, we need to use the break-even point in dollars formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
300,000= fixed costs/ 0.65
195,000= fixed costs
Answer:
The minimum cost hot dog has 1300 milligrams more sodium than required.
Explanation:
Since in the question it is mentioned that the manufactured of a hot dog wants to minimize the cost in terms of dollars for generating the less cost at the same time the guidelines for the dietary would be meet
Also the surplus variable, the amount would be 1,300 milligrams
So here we interpret is the cost i.e. minimum is needed more sodium and hence the same is to be considered
Dose it say how much you will make
Explanation:
Answer:
Gain in retained earnings = $171,000
Net reduction = $81,000
Explanation:
Data provided;
Number of shares owned = 10,000
Purchasing cost of the shares = $90,000
Declared property dividend for every 10 share = 1 share
thus,
for 90,000 Outstanding shares Declared property dividend
= 
= 9,000
Market price per share = $28
Outstanding shares = 90,000
Now,
Gain in retained earnings
= ( Market price per share - Purchasing price per share ) × Declared property dividend
= ( $28 - 
) × 9,000
= 171,000
and,
Net reduction = Market price - Gain
= $28 × 9,000 - $171,000
= $81,000
