Answer:
$19,687 million
Explanation:
Income tax expense = Income before income tax expense*Effective tax rate
Income before income tax expense = Income tax expense / Effective tax rate
Income before income tax expense = $2,953 million / 15%
Income before income tax expense = $2,953 million / 0.15
Income before income tax expense = $19,687 million
So, the amount that Micro report as income before income tax expense that year is $19,687 million.
Answer:
$135,260
Explanation:
Remember to follow the cash collection history to determine the budgeted cash receipts for January.
Budgeted cash receipts for January
January Cash Sales $113,000 x 20% $22,600
January Credit Sales $113,000 x 80% x 40 % $36,160
December Credit Sales ($73,500 - $27,000) $46,500
November Credit Sales $27,000
Total $135,260
Therefore,
Boone Co.'s budgeted cash receipts for January is $135,260
<h2>John demonstrates the quality of "Leadership".
</h2>
Explanation:
Leadership is one of soft skill which is really essential for each and everyone to move successfully and to grow in the career.
A successful leader will,
• Motivate his/her team
• Give a clear picture of the goal
• Pat them on need
• Guide throughout the road map
• create leaders
• Take complete responsibility on his/her shoulder
• Show path to proceed
• Takes initiative
• Brings out creativity
• Shows empathy
• Be positive
So here John tries to clear his team on goals which shows a positive leadership quality. He could do this only because he possess all the listed qualities just above this sentence.
