What might a cruise ship company do to accompany the needs of a single person? Exam Activity 3-1 Hospitality.

In regards to benchmarking, which of the following statements is correct?

Vitek1552 [10]

Answer:

C. Risk Management Association provides common-size statements for most industries.

Explanation:

Benchmarking is a process of comparing a company's performance or processes to the best practices in the industry or a competitor. Benchmarking is a way to determine company's abilities and weaknesses, in order to improve its internal processes and functions.

The industry average serves as a useful tool for the companies to benchmark their performance. For this purpose Risk Management Association provides common-size statements for most industries to evaluate their company.

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3 years ago

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On January 1, 2013, Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial stat

mariarad [96]

Answer:

1.

Dr. Income tax Expense $22 million

Cr. Income Tax Payable $16 million

Cr. Deffered tax Liability $6 million

2.

$18 million

Explanation:

1.

Deffer tax liability arises when the book value of the asset is more than the tax basis of the asset. It means there is more depreciation according to tax implication than the depreciation on book value of assets.

Pretax Income = $45 million

Taxable Depreciation = Depreciation as per tax - Accounting depreciation = ($20-$13 )- ($30 - $28 ) = $5 million

Taxable Income = $45 million - $5 million = $40 million

Income tax = 40% x $40 million = $16 million

Deffer tax 2018 = ( $28 million - 13 million ) x 40% = $6 million

Total tax = $16 million + 6 million = $22 million

2.

Pretax Income $45 million

Taxable Depreciation ($5 million)

Taxable Income $40 million

Income tax (16+6) <u>($22 million)</u>

Net Income <u> $18 million</u>

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4 years ago

In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo

Shtirlitz [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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4 years ago

Simple Random Sampling: The EAI data has information on the annual

BARSIC [14]

Answer:

Hello

Explanation:

make me as brain liest

6 0

3 years ago

A downward-sloping yield curve generally indicates which of the following

Arlecino [84]

Answer:

a

Explanation:

A yield curve is a graph that plots the interest rate of bonds at a set point in time.

When the yield curve is downward sloping, it is expected that short term interest rate would be higher than the long term interest rate.

A downward sloping yield curve can be an indictor of coming recession.

A recession is when the GDP of a country for two consecutive quarters is negative. In a period of recession, interest rate is usually lower.

A downward sloping yield curve can also be an indicator that there is an expectation of lower inflation rate in coming years.

If the yield curve is upward sloping, the short term interest rate would be lower than the long term interest rate

A flat yield curve is an indicator that interest rate would be constant

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3 years ago