Answer:
Establish the mission and vision and values
Explanation:
When former CEO kalanick’s question of ""what kind of brand do we want to be?", it represents the Establishing the mission and vision and values stage of the strategic management process. Strategic management is the process which involves setting goals and objectives, the analyzing and evaluating the outside and internal environment by evaluating the existed strategies.
Following are the step of strategic management process:
1: Vision and objectives are set.
2: Gathering and analyzing of the information.
3: Strategy formulation in order to attain the set vision and objectives.
4: Implementation of the strategy.
5: Evaluation and Control.
Here in this case, what kind of brand we want to be, represents the setting of the vision, mission and objectives for the brand, putting it simply, setting the direction for the brand, where we want to be, how we want customers to see us.
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:
Variable manufacturing overhead rate variance= $677.1 unfavorable
Explanation:
Giving the following information:
Standard:
Variable overhead 0.3 hours $ 7.80 per hour
Actual output 5,000 units
Actual direct labor-hours 1,110 hours
Actual variable overhead cost $ 9,340
<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 9,340/1,110= $8.41
Variable manufacturing overhead rate variance= (7.8 - 8.41)*1,110
Variable manufacturing overhead rate variance= $677.1 unfavorable
Answer:
Correct answer is D. All future costs, both variable and fixed
Explanation:
In target costing, all future costs both variable and fixed costs are relevant. This is for us to clearly determine the desired profit that the company wants to attain. The process of costing is to determine all future costs that the company will possibly incur in the production and add it to the desired profit margin to know the unit sales price of the product.
Answer:
The correct answer is $302.40.
Explanation:
According to the scenario, the computation can be done as:
To calculate firms' earning first we less cost of goods and total operating expenses from sales revenue:
= $3,060 - $1,800 - 600
= $660
Now we deduct the interest expense, then
= $660 - $126
= $534
Now we deduct tax rate, then
= $534 × $213.60 ( $534× 40%)
= $320.40
Now we finally deduct the dividends to get the firm's earning to common shareholder's, then
= $320.40 - 18
= $302.40
Hence, the firm's earning to common shareholder's is $302.40.
