1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly [62]
3 years ago
6

Rainbow Co. began operations in 2019 and reported $600,000 in income before income taxes for the year. Rainbow’s 2019 tax deprec

iation exceeded its book depreciation by $80,000. Rainbow also had nondeductible book expenses of $30,000 related to permanent differences. Rainbow’s tax rate for 2019 was 25%, and the enacted rate for years after 2019 is 30%. In its December 31, 2019, balance sheet, what amount of deferred income tax liability should Rainbow report?
Business
1 answer:
cricket20 [7]3 years ago
4 0

Answer:

30.000

Explanation:

Income before taxes  $300,000

Timing difference between books and Tax (A) $100,000

Permanent difference cannot be considered for calculation of Differed tax liability or Deferred tax asset $40,000 (B)  is zero

Total Timing deference (C=A+B)  $100,000

Tax rate enacted for future (D)  30%

<h2>Differed tax liability (C*D)  $30,000 </h2>

<h2></h2>

You might be interested in
Crandle Corp. applies manufacturing overhead costs to products at a budgeted indirectminuscost rate of $ 100 per direct manufact
katen-ka-za [31]

Answer:

total product costs  =   $101750

Explanation:

given data

overhead costs = $ 100

Direct materials of $41,000

direct manufacturing labor  = 450

per​ hour = $35

markup rate = 30 %

solution

we get here total product costs  that is express as

total product costs  = Direct materials + DML + MOH ..........1

total product costs  = $41,000 + ( 450 × $35 ) + ( 450  × $100 )

total product costs  =  $41,000 + $15750 + $45000

total product costs  =   $101750

4 0
4 years ago
In 2014, U.S. gross domestic product (GDP) was roughly $17.4 trillion. Given that the U.S. population was roughly 319 million pe
Anni [7]

Answer:

GDP per capta will be $54.5454

So option (a) will be correct option

Explanation:

We have given GDP of US in 2014 is roughly about $17.4 trillion

We know that 1 trillion = 1000 billion

So GDP of US = $17.4×1000 = $17400 million

Population of US in 2014 = 319 million

We have to find the GDP per capita

For finding GDP per capita we have to divide total GDP to number of peoples

So GDP per capita will be =\frac{17400}{319}=$54.5454

So option (a) will be the correct option

3 0
3 years ago
According to Census Bureau and Federal Reserve surveys, about 50 percent of all new businesses begin with less than ____ in tota
vodka [1.7K]

Answer:

$30,000

Explanation:

According to Census Bureau and Federal Reserve surveys, about 50% of all new businesses begin with less than $30,000 in total capital to start small businesses though the average capital to start small businesses is $80,000. The reason is not far fetched and one of it is that small businesses have limited opportunities to get capital to start a business. Small business capital is usually from the owner's personal savings or from family members or friends as little help is rendered by the lending institutions. Small businesses majorly need financing to expand their businesses. The inability of small businesses to get good capital for their businesses causing difficulties in growing small businesses.

7 0
3 years ago
Refer to the provided table. when output increases from 28 to 35 units, the marginal cost of the product is
IgorLugansk [536]

28  + 35 = 63


hope this helps you with question
8 0
3 years ago
Michael works as a sales representative for an oilfield supply business in West Texas. He sells highly technical safety equipmen
saw5 [17]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) The value of the product

b) The role of social media

c) The complexity of the product

d) The number of potential customers

And the correct answer is the option C: The complexity of the product.

Explanation:

To begin with, in the area of marketing when it comes to designing and developing a strategy for the company's campaign the for "Ps" are the essentials matter to have in mind. One of them, the "P" for promotion focus on the "how" to sell the product to the target audience and that matter the expertise find varies ways to do it. The personal selling is one of them and in this case actually the most appropiate one due to the complexity of the product that is being sold. Michael is right because this strategy allows the representative, who is an expertise in the product itself, to explain every little detail of the good and how it will adjust to every situation and more. So in order to accomplish the comfort of the client, the presence of the sale's agent is necessary and helpful in this case.

4 0
3 years ago
Other questions:
  • Imagine that a friend asks you for investment advice. He has $10,000 to invest and he has about 35 years before he will be ready
    12·1 answer
  • Locate walmart's discussion of purchase obligations in management's discussion and analysis. what is the total of payments due 2
    10·1 answer
  • "Worldwide Food Services, InC., (WFS) has a large number of cooks and other food service workers who will be sent to hardship en
    13·1 answer
  • The break-even point is where the ____ line crosses the ____ line in a graphic break-even analysis. Select one:
    15·1 answer
  • A seller accepted money from a buyer for his unrestricted right to cancel the purchase transaction (option to terminate) within
    6·1 answer
  • Today you deposited $15,000 into a 5-year CD that will pay 6 percent interest. How much will you withdraw from the account in 5
    8·1 answer
  • Four consumers each want to buy a refrigerator. Without a retail intermediary like Best Buy, fridge manufacturers Walton, Sub-Ze
    8·1 answer
  • Jenny Welch works at a retail store selling sports equipment. Her daily tasks include opening the store, creating the work sched
    12·1 answer
  • A hospital data entry professional is part of what career area?
    12·2 answers
  • One of the requirements of an enforceable lease is that both parties are bound to the terms of the lease. This is called ______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!