Answer:
Income tax expense $1,000,000 Dr.
Deferred tax liability $7,750,000 Dr.
To income tax payable $8,750,000 Cr.
Explanation:
Given the following :
Pretax accounting income = $66 mollion
TAXABLE INCOME = $35 million
Tax rate = 25%
Income tax payable:
Income tax rate × taxable income
25% × 35,000,000
= $8,750,000
Deferred tax liability :
(pretax income - taxable income) × tax rate
($66 - $35) million × 25%
$31,000,000 × 25%
= $7,750,000
Income tax expense :
Deferred tax + income tax payable
$(8,750,000 - 7,750,000)
= $1,000,000
Loose valuable customers
Loose the trust of the people
The business might run a loss
Answer:
b. operating throughput
Explanation:
Based on the information provided within the question it can be said that the best metric would be operating throughput. This is because the balance scorecard needs to keep track of the execution of activities done by the employees, therefore using the data of operating throughput would allow Duke to accurately measure how well the employees are performing based on how much product they have created.
Answer:
$20,000
$80,000
Explanation:
Fixed cost is the cost that does not vary with output.
Fixed costs = cost of interest + other yearly fixed cost
(0.05 x $80,000) + $16,000= $20,000
Total cost is the sum of fixed and variable cost.
Variable cost is the cost that varies with output. If output is zero, variable cost would be zero.
Total cost = fixed cost + variable cost
= $20,000 + $60,000 = $80,000
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