The control over cash disbursements is generally more effective when payments are made by check.
<h3>What is a
cash disbursements?</h3>
Also known as cash payment, its refers to the outflow of cash paid in exchange for the provision of goods or services
Hence, the control over cash disbursements is generally more effective when payments are made by check.
Therefore, the Option D is correct.
Missing option a) all bills are paid in cash. b) disbursements are made by the accounts payable subsidiary clerk. c) all purchases are made on credit. d) payments are made by check.
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Answer:
b. $233,100 tax expense
Explanation:
The computation of the current income tax expense or benefit is shown below:
But before that first we have to need to find out the taxable income i.e
= Pretak book income + increase in net reserve warranties + exceeded amount - dividend deduction
= $1,000,000 + $25,000 + $100,000 - $15,000
= $1,110,000
Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%
So,
= $1,110,000 ×21%
= $233,100
By multiplying the taxable income with the tax rate we can get the income tax expense
This question is not complete.
Complete question:
The example of a consumer goods company operating in China is insightful because the firm expected to only have one week to decide whether to purchase another firm when the circumstances arose and one was available. The text discusses a U.S. firm that also seems to be leveraging operations in China. For example, this firm designed an inexpensive portable ultrasound scanner. The design team was based in China. What is the firm discussed?
A. GE
B. HP
C. IKEA
D. Siemens
E. Walmart
Answer:
A. GE
Explanation:
The full meaning of GE is the General Electric company. It was founded in 1892.
It is a consumer goods company with so many subsidaries that is focused on Energy, Heath care, Software, Lightning , e.t.c.
One of General Electric subsidiary is General Electric Healthcare and they are focused on producing healthcare technology which includes Xrays, Ultrasound scanner for medical imaging.
