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3 years ago

Which One of the following is true about intraperiod tax allocation?

Business

1 answer:

Digiron [165]3 years ago

7 0

Answer:

D. Its purpose is to relate the income tax expense to the items which affect the amount of tax.

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The primary difference between accrued revenues and unearned revenues is that accrued revenues have:________. a) been recorded a

adoni [48]

Answer: D) not been recorded and unearned revenues have.

Explanation:

Accrued revenue is a term used to describe a sale that has been recognized by the seller, but which has not yet been billed to the customer. Accrued revenue is needed in order to match revenues with expenses. The absence of accrued revenue would tend to show excessively low initial revenue levels and low profits for a business, which does not properly indicate the true value of the organization.

Unearned revenue on the other hand is the money received from a customer for work that has not yet been performed (in advance payment). This is an advantage to the seller who now has the cash to perform the required services. Unearned revenue is a liability for the recipient of the payment.

3 0

4 years ago

If a war destroys a large portion of a country's capital stock but the saving rate is unchanged, the Solow model predicts that o

Ksenya-84 [330]

Answer:

B) the same level of output per person as before.

Explanation:

In the Solow growth model, the economy reaches a steady state level of capital regardless of the starting level of capital. This steady state occurs when capital per worker is constant. Therefore after the war, the level of output should return to its normal level since the savings rate is constant and hasn't changed. This model assumes that a constant fraction of capital will always wear out, increasing the capital-labor ratio, therefore the population must grow or new technologies must be introduced to reach the steady state.

6 0

3 years ago

Laurel, Inc., and Hardy Corp. both have 8 percent coupon bonds outstanding, with semiannual interest payments, and both are curr

vredina [299]

Answer:

Laurel bond will decrease by 7.72%

Hardy bond will decrease by 15.8%

Explanation:

current bond price $1,000

interest rate 8%

Laurel bond matures in 5 years, 10 semiannual payments

Hardy bonds matures in 16 years, 32 semiannual payments

if market interest increases to 10%

Laurel bond:

$1,000 / (1 + 5%)¹⁰ = $613.91

$40 x 7.7217 (annuity factor, 5%, 10 periods) = $308.87

market price = $922.78

% change = -7.72%

Hardy bond:

$1,000 / (1 + 5%)³² = $209.87

$40 x 15.80268 (annuity factor, 5%, 32 periods) = $632.11

market price = $841.98

% change = -15.8%

4 0

4 years ago

Which of these statements about a business plan is true?

MA_775_DIABLO [31]

True statement for a business plan among following :

(C)Business Plan Provide Road map for future plan true statement for a business plan .

A business plan is a written description of your business's future. That's all there is to it--a document that describes what you plan to do and how you plan to do it.

Explanation:

A business plan can help to direct business for its future and avoid bumps in the road. A Business Plan series provides detailed instructions for working through each section of the business plan.

Although Business plan doesn't guarantee success but provide detailed financial projections, forecasts about your business's performance, and a marketing plan that may help to achieve business goals.

6 0

3 years ago

Read 2 more answers

During the current year, the following manufacturing activity took place for a company's products. The beginning work in process

marishachu [46]

Answer:

a. 138,000

Explanation:

Equivalent Units of Production (FIFO method)

Whole % Completion Equ. units

Units Dir. Mat.

Beg. Work in process (100% - 70%) 10,000 30% 3,000

Started & completed (140,000-10,000) 130,000 100% 130,000

Ending Work in process 20,000 25% <u> 5,000 </u>

Total Equivalent units <u>138,000</u>

5 0

3 years ago