Answer:
$225
Explanation:
Calculation to determine what amount of deferred tax liability should Nolan Company show on its December 31, 2021 balance sheet:
Deferred tax liability =[ ($450/ 3) *50%]+ [($450 / 3 * 2) * 50%]
Deferred tax liability=$75+$150
Deferred tax liability = $225
Therefore the amount of deferred tax liability should Nolan Company show on its December 31, 2021 balance sheet is $225
Answer:
PV= $40,716,437.34
Explanation:
Giving the following information:
Cash flow= $3,400,000 per year
Number of years= 25
Interest rate= 6.7%
To calculate the present value, first, we will calculate the future value:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {3,400,000*[(1.067^25) - 1]} / 0.067
FV= 206,006,183.4
Now, the present value:
PV= FV/(1+i)^n
PV= 206,006,183.4/ (1.067^25)
PV= $40,716,437.34
Answer;
Firms --> Market For Goods and Services --> Households
Explanation;
In product markets, business firms supply and sell goods and services while households demand and buy them. Households supply and sell factors of production, such as labor, while business firms demand and buy them.
In a market economy households provide resources and labor and purchase goods and services while firms provide goods and services and purchase resources and labor. The goal of firms in a market economy is to maximize their profits. This can best be achieved by minimizing costs in the resource market and maximizing revenues in the product market.
If the LRATC curve is falling, economies of scale are present.
<h3>What is LRATC?</h3>
- A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
- The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
- Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
- Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
- If the LRATC curve is falling, economies of scale are present.
To learn more about LRTAC refer to:
brainly.com/question/14316066
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Given:
<span>accounts receivable of $244,000
allowance for uncollectible accounts of $1,350 (credit)
1% of the accounts receivable should be the value of the allowance for uncollectible accounts.
244,000 x 1% = 2,440
2,440 - 1,350 = 1,090
Adjusting entry:
Debit Credit
Bad Debt Expense 1,090
Allowance for uncollectible accounts 1,090</span>
