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3 years ago

Information for Kent Corp. for the year 2021:

Business

1 answer:

Inessa05 [86]3 years ago

6 0

Answer:

$5,082

Explanation:

Calculation of the balance in Kent's deferred tax liability account as of December 31, 2021

Using this formula

Deferred tax liability balance =Cumulative future taxable amounts*Enacted tax rate

Where,

2021 Cumulative future taxable amounts =$24,200

Enacted tax rate=21%

Let plug in the formula

Deferred tax liability balance =$24,200*21%

Deferred tax liability balance =$5,082

Therefore the balance in Kent's deferred tax liability account as of December 31, 2021 will be $5,082

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The production manager decides that the primary part in production must be an "A" standard part, and "B" parts, although less ex

9966 [12]

Answer:

<u>Operational decision</u>

Explanation:

Remember, management takes several decisions which could be;

Group decisions,

Strategic policy, and

Operational decisions etc.

However, operational decisions are taken <em>usually by Top Management such as the production manager </em>in this scenario concerning issues that have a long time effect on the organisation's operational efficiency.

One such issues is the manner in which production is carried out.

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3 years ago

A company is just getting started and needs new equipment but does not have a larhe amount of cash since the company business wi

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Answer:

Lease

Explanation:

A company is just getting started and needs new equipment but does not have a large amount of cash since the company business will also require frequent updating of the equipment it is better to lease the equipment.

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3 years ago

Compared to a perfectly competitive firm, a monopolist____________.

alukav5142 [94]

Answer:

D. usually produces an inefficiently small level of output.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices is usually set by market forces. There is no need for advertising because all firms produce homogenous products. There is little or no need for government regulation because goods and services are efficiently distributed.

A monopoly is characterised by one firm in the industry. The firm sets the market price. The government regulates the activities of the activities of a monopoly to reduce inefficiency that usually occur. Either quantity produced or price are usually regulated by the government to reduce inefficiency and ensure fair distribution of goods and services.

Monopoly firms usually advertise and undertake more research activities when compared to a pure competition.

I hope my answer helps you

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3 years ago

___educators teach specialized and higher-level skills to adults.

frozen [14]

The answer is we educators....

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3 years ago

Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $40,000 cash in exchange for co

Ber [7]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Investing in business = $40,000 in exchange of common stock

This shows that, when investing in business cash is being debited and as cash is being used to buy common stock so, Common stock is being credited in journal entry.

So, the journal entry that Innovation consulting will make are as follows::

Journal Entries

Particulars Debit Credit

Cash $40,000.00

To Common stock $40,000.00

Hence, this shows the correct answer is option (B).

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3 years ago