Answer:
"alienation"
Explanation:
Karl Marx was a German philosopher born in Trier, Germany on May 5, 1818. According to my research on studies by Karl Marx, I can say that based on the information provided within the question the term used to describe this is called "alienation".
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This is the equivalent problem as an amortization problem.
Given:
Annual payout, A = 35000
Interest, i = 4% per annum
number of periods, n = 15
Need present value.
=
389143.56 to the nearest cent.
Answer:
present value = 24790.35
Explanation:
given data
amount paid today = $12,000
time = 25 year
rate = 9 %
solution
we get here present value that is express as
present value = future value ÷ ............................1
here future value is = amount paid today × time period
Future value =$12,000 × 25 = $300000
so present value =
present value = 24790.35
Answer:
Deferred Tax Asset:
The amount of taxes that is paid or carried forward but not yet identified in the income statement is referred as deferred tax asset
Journal Entries:
Debit: Income Tax Expense (balancing amount) = 812,500
Debit: Deferred Tax Asset = 87,500
Credit: Income Tax Payable = 900,000
- Income tax expense reduces the stockholders. equity. Hence, debit income tax expense with $812,500
.
- Deferred tax asset is an asset and is increased by $87,500. Therefore, debit deferred tax asset account with $87,500.
- Income tax payable increases the liability by $900,000. Therefore, credit Income tax payable account with $900.000.
Working note:
Determine the amount of deferred tax asset.
Deferred tax asset = Rent collected in 2021 × Enacted tax rate
Deferred tax asset = $350,000 × 25%
Deferred tax asset = $87,500
Determine the amount of income tax expense.
Income tax expense = Income tax payable — Deferred tax asset
Income tax expense = $900,000 = $87,500
Income tax expense = $812,500
Answer:
D. $12,400
Explanation:
Use the following formula to calculate the Bad debt expense for the period
Bad debt expesne = Debit balance of Allowance account + Allowance for the period
Where
Debit balance of Allowance account = $400
Allowance for the period = Account receivables x percentage of allowance = $1,200,000 x 1% = $12,000
Placing values in the formula
Bad debt expesne = $400 + $12,000
Bad debt expesne = $12,400