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3 years ago

Indicate the type of Deferred Tax account created by Unearned Revenues and Prepaid Expenses, respectively:

Business

1 answer:

irina [24]3 years ago

5 0

Answer:

The answer is Deferred tax asset and Deferred tax liability.

Explanation:

Unearned revenue creates deferred tax asset. In here, taxes have been paid because income has been received but have not been recognized on the income statement because according to the revenue recognition, the services for the revenue has not been rendered.

Prepaid expenses give rise to deferred tax liability. In here, taxes have been recognized on income statement but the actual tax has not been paid. Income tax expense on income statement is greater than taxes payable

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At the beginning of the year, a company predicts total overhead costs of $690,900. The company applies overhead using machine ho

nignag [31]

Answer:

$9,400

Explanation:

We know,

predetermined overhead rate for machine hour = $\frac{total overhead cost}{total machine hour}$

Given,

Total overhead cost = $690,900

Total machine hours = 1,470

Putting the values into the formula, we can get

predetermined overhead rate for machine hour = $\frac{690,900}{1,470}$

predetermined overhead rate for machine hour = $470

When we use a separate job, the overhead cost will be = predetermined overhead rate × total hours used by the job.

The amount of overhead should be applied to Job 65A if that job uses 20 machine hours during January = 20 hours × $470 = $9,400

6 0

3 years ago

The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )

Paladinen [302]

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

5 0

3 years ago

A fast-food restaurant decides to raise the price of its hamburgers. assume the firm is in a monopolistically competitive indus

Lena [83]

<span>A fast-food restaurant decides to raise the price of its hamburgers. assume the firm is in a monopolistically competitive industry. what will happen to the demand for its hamburgers? When the fast-food restaurant raises the price of hamburgers, some customers may stay and pay the higher price because they want that specific brand of hamburgers, other may go elsewhere to find them cheaper.

When prices raise, some customers stay because they are attached to that specific company, others leave because they want a burger but for a lower price.
</span>

3 0

3 years ago

Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and r

Scilla [17]

Answer:

Explained below

Explanation:

KSAOs or knowledge, skills, abilities, and other characteristics, are the unique set of criteria required by a hiring agency or company for a particular job.

Henry, being the HR head at AAS Technologies looks for these features in a desirable candidates to find common sync between the job requirements and the capabilities of the candidate. It proves to be an effective method to filter out less desirable job seekers.

3 0

3 years ago

Jing-Sheng facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to di

dedylja [7]

Answer:

The correct answer is D. participative.

Explanation:

Participation is nothing other than decision making among the subjects that integrate a task or project. It is a way of assuming roles and interacting in a context in which specific objectives have previously been set.

Participating implies consensus, debate, exchange of ideas, assumption of positions and, in some cases, negotiation. It is also diversity, openness, active listening, dialogue, inclusion and greater horizontality.

The participatory leadership model is quite useful for those processes that are not focused only on results. Also in cases where these are complex tasks that must have more than one opinion.

4 0

3 years ago