All of the above should be the answer :)
Answer:
Check the following calculations
Explanation:
a). Current portion of income tax expense = Taxable income * tax rate
= $650,000 * 35%
= $227,500
b). Deferred portion of income tax = (Pretax income - Taxable income) * Tax rate
= ($75,000 - $650,000) * 35%
= $35,000
c). Journal entries: image attached
The best choice here is A) They give out the samples and free trials as a test to see how common it is for people to be interested in their product.
Hope this helps
Answer:
Explanation:
The government needs to be on top of these situations because each of these factors plays a huge role in the wellness and size of a population. A market economy needs a certain healthy and large population in order to function correctly. The population needs to produce the products and services while at the same time purchasing those products and services from one another in order for the market cycle to function. If such factors as disease and pollution make people sick it will severely cripple the market economy.
<span>For the answer to the question above, the $25,000 due in 90 days.
I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56
Solve for r: 616.44 = 24383.56*r*(90/365)
r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded off the </span></span>24383.56
