Answer:
$108
Explanation:
The computation of the taxable income is shown below:
= Pre accounting income + Overweight fines (not deductible for tax purposes) + depreciation expenses - depreciation in the tax return using MACRS
= $150 + $5 + $65 - $112
= $108
We simply added the overweight fines, and depreication expenses and deduct the deprecation in the tax return to the pre accounting income so that the taxable income could arrive
Plus we ignored the applicable tax rate i.e 25%
Answer: the minimum of the range
Explanation:
From the question, we are informed that Denver Corporation has a probable loss that can only be reasonably estimated within a range of outcomes and that no single amount that is within the range is a better estimate than any other amount.
Based on the information that has been given in the question,the loss accrual should be the minimum of the range.
<h2>human element; collusion</h2>
Explanation:
Let us understand the act of collusion.
A secret agreement between two person or two parties to involve themselves in fraud act.
Here the situation is, the clerk has not received raise in salary. So he want to take revenge and has plan to sell the office items for his personal gain. So this is an act of collusion.
<u>Another real life example:</u>
A deal between supplier and retailer to increase the price illegally to have personal benefits.
Let us understand the term human element in a positive way
Human element is the organized way of approach by teams and individual to achieve organizational goals.
Answer:
6.25%
Explanation:
Interest is calculate using the formula
I= P x R x T
in this case
I= interest, p= $975, r=?? ,t = 1
Therefore:
60.94 = 975 x r x 1
60.94 =975 r/100... we multiply both side by 100 to get rid of the fraction.
6094=975r
r=6094/ 975
r=6.2502
interest rate = 6.25%
The answer is c because it’s financial manager