Answer:
Denver Company
Income Tax Expense for the second quarter:
Pre-tax quarter income = $140,000
Estimated tax rate = 24%
Tax Expense = $140,000 x 24%
= $33,600
Explanation:
a) Data:
Quarter income before tax estimated tax rate
first $100k 30%
second $140k 24%
b) Denver's quarter second income tax expense is the product of the pretax income for the second quarter and the estimated income tax rate for the quarter. The resulting calculation shows the estimated income tax expense that has to be settled by Denver. If it is not settled in the quarter second period, it has to be carried forward to the next quarter as a liability under the heading, Income Tax Payable.
Answer:The Sixth Step determining the promotional mix, which tool to use , when and how much.
Explanation:
Promotional mix is how resources are allocated of resources among elements such as advertising, sales promotion, public relations, personal selling or direct marketing.
Integrating the elements together depends on the product one is promoting, preferences of the customers, budget and general market conditions. The sixth step shows which tools and promotional mix to use to achieve the aim of the organization. Hugo is in the sixth step of the marketing planning process.
Given:
Actual Production 6,000 units @ 1.5 standard hours per unit.
Budgeted hours: 10,000
Fixed overhead cost per unit is $0.50 per hour.
6000 units * 1.5 std. hrs/unit = 9,000 hours
Actual hours: 9,000 hours * $0.50 per hour = $4,500
Budgeted hours: 10,000 hours * $0.50 per hour = $5,000
Fixed Factory Overhead Volume Variance = $5,000 - $4,500 = $500 UNFAVORABLE.
It is unfavorable because the production is inefficient. It is more favorable if the produced units are higher than 6,000 units and the actual hours of production are more than the budgeted hours of production.
Answer:
The trader exercises the option and loses money on the trade if the stock price is between $30 and $33 at option maturity.
Explanation:
A call option is the right to buy an asset at an agreed price on the maturity date. This agreed price is known as the strike price.
In the given scenario, the strike price is $30. The trader pays an additional $3 for the right to exercise the option, thus paying a total of $33 for the option.
Now, if the asset price on maturity date is greater than $30, the trader shall exercise the option and buy the asset. This is because the market price of the asset is greater than the price the trader pays for it, resulting in a favorable situation for the trader.
However, the trader paid a total of $33 for the stock. Hence, the trader shall lose money on the trade as long as the asset price is below $33.
Therefore, if the asset price upon maturity is between $30 and $33, the trader shall exercise the option but lose money on the trade.
This is the full question:
Marketing researchers often use ________ by selecting a group of distributors, customers, or prospects, asking them questions, and treating their answers as typical of all those in whom they are interested.
Answer:
Sampling
Explanation:
Sampling is a method of statistical analysis where a small number of observations are used to make conclusions about the whole population. Sampling techniques include simple random sampling and systematic sampling.
So when a small group is selected as a representative of representative of the larger population, and responses from this sample is treated as feedback from the whole population it is called sampling.
Sampling is done to make quick conclusions on a large amount of data and saves resources that would have been spent getting responses from the whole population.