Answer:
C) $77,090
Explanation:
June 69000 (40% in July, 50% in AUgust)
July 80000 (40% in August, 50% in Sepetember)
August 77500 (40% in September, 50% in October)
September 77900 (40% in October)
October 71800 (10% in October)
Total budgeted cash payments in October = 71,800 x 10% + 77,900 x 40% + 77,500 x 50% = 77,090
Answer:
a. The mount of income tax expense does Walmart report in its income statement for 2015 was $8,074
b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615
c. Deferred taxes decreased Walmart's income tax provision for the year
Explanation:
a. In order to calculate what amount of income tax expenses does Walmart report in its income statement for 2015, we would have to use the following formula:
Income tax expenses= Current year income taxes + Deferred tax expense
Income tax expenses=$8,615-$541
Income tax expenses=$8,074
b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615. This are the Total current tax provision.
c. Deferred taxes decreased Walmart's income tax provision for the year becuase the Deferred taxes are benefit.
There were 72 (108 - 36) more maple trees in the woodlot before the bug problem. There were 108 maple trees in the woodlot before the bug problem. There are 36 maple trees in the woodlot after the bug problem.
The following information is given in the question:
Ratio of maple trees to oak trees before bug problem = 9:5
Ratio of maple trees to oak trees after replanting = 3:11
Total number of oak trees after replanting =132
Total number of trees in the woodlot is the same before and after the bug problem.
Let the number of maple trees after replanting be 'x'
From the data above, we can find the number of maple trees after replanting as follows:
So, number of maple trees after replanting in the woodlot are 36.
Let number of maple trees before bug problem be 'z'.
We can find the number of maple trees before bug problem as follows:
Answer:
The correct answer is: Typically, some resources are better suited for producing one good than another, which means that there are diminishing returns when moving such resources away from producing what they are best suited for.
Explanation:
A production possibility curve shows the different combinations of two goods that can be produced using all the given resources. Since resources are scarce, to increase the production of one good we need to decrease production of the other.
But resources are specialized and cannot be perfectly substituted between their two uses. So as we go on increasing production of one good the opportunity cost of sacrificing its alternative goes on increasing.
Because of this increasing opportunity cost the shape of the frontier is downward sloping, bent outwards and concave to the origin.
