I wanna think prob full coverage home owners insurance
Answer:
a. $10,311
b. $0
c. $9,546.95
Explanation:
a. Deferred tax asset account:
= Deferred tax asset 2019 + Deferred tax asset 2020
Deferred tax asset 2019 = Bad debt for book purposes * tax rate
= 196,400 * 21%
= $41,244
Deferred tax asset 2020 = Bad debt for tax purposes * tax rate
= 147,300 * 21%
= -$30,933
Deferred tax account balance = 41,244 + (- 30,933)
= $10,311
b. Deferred tax liability account = $0
From the given details there are no tax liabilities.
c. Cost to Mini;
= Deferred tax asset * Present value factor
= 10,311 * 0.9259
= $9,546.95
Answer:
b) between budgeted costs and budgeted quantities versus actual costs and budgeted quantities for the budgeted output level
Explanation:
A budget is a statement of forecast stating projected expenses and revenues over a period of time.
A flexible budget is prepared comprising figures that are based upon actual output.
The figures are compared with static figures which are based upon budgeted output and the difference between the two is identified as a variance. Such a comparison reveals the difference between budgeted costs and actual actual.
A flexible budget allows for changes and flexibility in forecasting i.e there is room for deviations and variances and such a budget is not rigid.
Answer:
Explanation:
There are various terms which are explained below:
a. Franchise taxes: The franchise tax is the tax that is imposed while doing the same business in different states.
b. Custom duties: The customs duties are levied when the import of certain foreign goods takes place
c. Occupational fee: For doing the business, the license is necessary so that the business can be started
d. Severance tax: This tax is imposed on natural resources only.
e. Export duties: These duties are levied when certain commodities are exported
So, the categorization is shown below:
a. a tax is based on the right to do business in the state = Franchise taxes
b. a tax is based on the importation of a certain foreign goods. = Custom duties
c. a tax is applicable to trades or businesses, serving as a license. =- Occupational fees
d. a tax is based on the notion of a state's interest in its natural resources. = Severance tax
e. a tax is imposed on the export of certain commodities = export duties
Food prices were anticipate to rise 1-2 percent. That's lower that the historical rate of food price affection.
It could amplify if the California drought cultivates supply of fruits, vegetables, dairy, and eggs. It could stumble if oil prices still low.
