A analytical and b interpersonal
Answer:
Deferred Tax Liability= $564,000
Explanation:
The question is to determine the deferred tax liability to recognize by Sunland Co. at the end of the year 2017.
Step 1 :
We determine what the Income tax expense is for the year
Income tax expense= Pretax financial income x Income Tax rate
Income tax expense= $1,410,000 x 0.30 = $423,000
Step 2:
Although we recognized receivables as well as instalmental sales for reporting purposes under the accrual method. However, these will be subject to tax when we decide to recognize it in the future.
As such Deferred tax liability = Future Tax Liability
Deferred Tax liability for Sunland Co= Instalmental Sales x Income tax expense
= $1,880,000 x 0.3= $564,000
Answer:
no option is correct, check the question to see if it was copied correctly and check the work to verify my answer
$1,430
Explanation:
worst case scenario:
2,500 units sold at $16 = $40,000
variable cost per unit $14 x 2,500 units = $35,000
contribution margin = $5,000
fixed costs = $8,500
depreciation expense = $11,000
cash flow = [(contribution margin - fixed costs - depreciation) x (1 - tax rate)] + depreciation
cash flow = [($5,000 - $8,500 - $11,000) x 0.66] + $11,000 = $1,430
Travis may apply for $0 as in the US, consumers who have won a court judgment against a licensee are given reimbursement.
A licensed real estate broker, salesperson, or closing agent's dishonest, fraudulent, or dishonest conduct, or the conversion of trust money, are grounds for compensation under the Real Estate Education, Research, and Recovery Fund.
Every commercial sales transaction must comply with the agency disclosure obligation. A licensee's disclosure of the party(ies) he acts on behalf of in the transaction shall be confirmed in writing.
By the law, Payments from the Real Estate Inspection Recovery Fund are limited to a maximum of $30,000 per license holder and a maximum of $12,500 per transaction.
Learn more about Real Estate Recovery Fund at brainly.com/question/14102448
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