Answer:
Maui Resort Inc.
Journal Entry:
December 31, 2020:
Debit Loss from Unrealizable DTA $31,000
Credit Allowance for Unrealizable DTA $31,000
To record the loss from unrealizable DTA and increase the balance to $35,000 (credit).
Explanation:
a) Data and Calculations:
December 31, 2020 Deferred Tax Asset (DTA) = $50,000
Estimate of realizable DTA = 30% of $50,000 = $15,000
Allowance for unrealizable DTA for 2020 = 70% of $50,000 = $35,000
Loss from unrealizable DTA = $31,000 ($35,000 - $5,000)
b) Like the Allowance for Doubtful Accounts, the DTA Valuation Allowance is a contra-account to the Deferred Tax asset Account. It shows the amount of the deferred tax asset with a more than 50% probability of being lost or unutilized in the future as a result of the non-availability of sufficient future taxable income.
You have 20 workers and $100.00
100.00/20workers = $5.00/ worker.
Just hand each one $5.00 and say Thanks Good Job!
Check: $5.00 x 20 = $ 100.00
Answer:
The state of New York should offer bonds at 4.76% to make indifference to purchase their bonds than Surething Inc.
Explanation:
the corporation has to pay income taxes while the State of New York do not pay for income taxes thus his yield is after-tax.
Surething Inc after tax rate:
pre-tax x (1 - tax-rate) =6.8% x ( 1 - 30%) = 0.068 x (1-0.30) = 0.0476 = 4.76%
Currently the corporation bond yield a higher rate than the State of New york (4.76% against 4.10%)
Answer:
Closing value of inventory = $357 for 21 units
Explanation:
As for the provided information we have,
Under FIFO method we know,
FIFO means First In First Out, under this the goods bought at earliest are sold earliest.
That means first opening inventory is sold, then the inventory purchased at the earliest.
Now we have,
Opening Inventory = 27 units @ $17 = $459
Purchases:
Aug 5 22 units @ $16 = $352
Aug 12 26 units @ $17 = $442
Provided 54 units are sold on Aug 15, that means, opening inventory of 27 units, 22 units bought on Aug 5, and 54 - 27 - 22 = 5 units from purchases on Aug 12.
Therefore, after sale units left = 26 - 5 = 21 units
Thus, closing value of inventory = $357 for 21 units
Answer: Females, Housewives bb
Explanation:
The soap can be used as dish wash bar for cutting heavy grease from utensils. Thus the soap company would target females, housewifes. This is because the soap can be used in washing of their utensils. the company could also target manufacturing plants, restaurants, warehouses, hospital and pharmaceutical industries and resort. In these sectors regular hand soap is because in this sectors hand soap are needed. The soap can be sold through retail stores so everyone can have access it easily.
