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mestny [16]
3 years ago
15

The following information is available for Carla Corporation for 2019 (its first year of operations).

Business
1 answer:
Anastasy [175]3 years ago
5 0

Answer:

The calculations and journal entries are shown below:

Explanation:

The computations are shown below:

a. The taxable income is

Pretax financial income  $302,100

Less: Excess of tax depreciation over book depreciation -$43,800

Add: Rent received in advance deferred for book purposes $18,100

Taxable income $276,400

b.  The journal entry is shown below:

Income tax expense $60,420  

Deferred tax asset (20% × $18,100) $3,620

           To Income tax payable (20% × $276,400) $55,280

           To Deferred tax liability (20% × $43,800) $8,760

(Being the income tax expense, deferred income taxes, and income taxes payable for 2019 is recorded)

c.  The journal entry is shown below:

Income tax expense $63,270  

Deferred tax liability ($8760 ÷ 4 years) $2,190  

         To Income tax payable (20% × $309,200)  $61,840

         To Deferred tax asset (20% × $18,100) $3,620

(Being the income tax expense, deferred income taxes, and income taxes payable for 20 is recorded)

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While approaching a group of colleagues, Patrice overheard what she believed were inappropriate comments about another team memb
aivan3 [116]

Answer:

The question is incomplete, the options are missing. The options are the following:

a) Suggest to Patrice that spreading negative information learned from eavesdropping is not healthy for the workplace.

b) Thank Patrice for speaking up and forward the item to a neutral third party for handling.

c) Immediately fire the team members who made the comments.

d) Contact the team member who was the subject of the comments to see if he or she was offended.

e) Thank Patrice for her input, but based on the harmlessness of the situation, take no further action.

And the correct answer is the option B: Thank Patrice for speaking up and forward the item to a neutral third party for handling.

Explanation:

To begin with, these kind of situations are most common than expected in the workplace so that is why that nowadays exist a lot of seminars about certain subjects that involves the behavior in the organization and furthermore there is the regular action of the Human Resources Department that takes cares of all the penalties and the solutions when it comes to subjects regarding the employees of the business and their relationship both with each other and with the company. So the correct way to act in this scenario would be to thank Patrice and tell her that the manager would inform to the Human Resources Department about it, being this last one a third party in the situation itself.

6 0
3 years ago
Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 p
Shtirlitz [24]

Answer:

Total standard cost = $103.7

Explanation:

<em>Standard cost is the sum of the standard material cost , standard labour cost and standard overhead</em>

Overhead  = OAR × direct labour hour

               = $16 × (0.30×$19.00)= 91.2

Standard cost = (34.0×$0.20) + (0.30×$19.00) +  91.2 = $103.7

Standard cost = $103.7

5 0
2 years ago
Allura’s Little Robotics Company sells Good S in a perfectly competitive market with a downward-sloping demand curve and an upwa
solniwko [45]

Answer:

Allura’s Little Robotics Company sells Good S in a perfectly competitive market with a downward-sloping demand curve and an upward-sloping supply curve. The market price is $62 per unit.

6 0
2 years ago
Critical outcomes of a company's marketing strategy include _____, as these are necessary for the company to sustain its busines
Ghella [55]

Critical outcomes of a company's marketing strategy include sales and profit as these are necessary for the company to sustain its business.

    Sales and marketing strategy are critical for sustaining the profits of company. It helps the company to reach, engage and convert target prospects into profitable customers. A sales and marketing strategy provides a cornerstone for alignment and alignment is a goal for every B2B organization.

    Without a strategy in marketing sales and activities it will be difficult to sustain sales and profits and all the tactics would be for nothing. Savvy companies realizes that a sales and marketing strategy is the next important one after overall business plan.

Click to learn more about Sales and marketing here:

brainly.com/question/28147910

#SPJ4

3 0
1 year ago
Jan Ashley worked for the R&amp;S Department Store as a sales associate in the fine linens department. As she would give change
alina1380 [7]

Answer:

b) Larceny at the point of sale

Explanation:

Larceny at the point of sale -

It is a type of fraud , where the employee itself steal money from the employer during the point in the business , when is the sale is been made .

This type of fraud is very commonly seen in the retail business .

Same case is shown in the question data , where Jan Ashley , who works for the R & S departmental store , tries to steal money during the sale .  

8 0
2 years ago
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