I think the answer is a. I'm not 100 sure though.
Answer:
Valuation account = $80,000
Explanation:
Given:
Valuation allowance is treated as a provision for doubtful debts.
Given:
Total Deferred tax asset = $160,000 × 50% = $80,000
Total benefited Deferred tax asset = $160,000 × 50% = $80,000
Computation of Valuation account:
Valuation account = Total Deferred tax asset - Total benefited Deferred tax asset
Valuation account = $160,000 - $80,000
Valuation account = $80,000
Answer:
<u><em>By means of a budget he prepared.</em></u>
Explanation:
According to the information available, Shing-fong has a carefully thought out strategy. Here's some of what he does;
- he keeps tracks of his finances by means of a budget plan.
- he views all his transactions also checking his debit or credit cards to keep track of how much he spends
- Shing-Fong avoids eating out as much as he used to and preparing cheaper food at home.
- he also avoids unnecessarily spending with friends whenever he is invited.
Answer:
Internal failure costs
Explanation:
Internal failure costs are those costs that occur because of product failure when quality of goods is reviewed.
This occurs before goods are released from the factory for use by the consumer.
Discovery of these failures is done by the internal inspection team of the company.
We have 4 costs of quality: preventive cost, appraisal cost, external failure cost, and internal failure cost.
In this scenario a few machines in the assembly section were faulty and had to be shut down till they were repaired, resulting in reduced the output of automobiles for the quarter.
The incurred cost is internal failure cost
Answer: The performance evaluation of a profit center is typically based on its segment margin.
Explanation: The segment margin is the amount of net profit or loss that is generated by a set portion of a business. When a business conducts segment margin analysis, they are able to determine which parts of the business are thriving and which parts of the business need help.
