Answer:
Explanation:
The journal entry is shown below:
Income tax expense A/c Dr $30,035,000
To Deferred tax asset A/c $35,000
To Income tax payable A/c $30,000,000
(Being the income tax expense is recorded)
The computation is shown below:
For deferred tax asset:
= Deferred tax rate - Warrant liability × tax rate
= $435,000 - $1,000,000 × 40%
= $435,000 - $400,000
= $35,000
For income tax payable:
= Taxable income × tax rate
= $75,000,000 × 40%
= $30,000,000
Answer:
E. Invest in mutual funds.
Explanation:
Individual investors tend to have relatively small portfolios and are usually unable to realize economies of size. The best strategy is to pool funds with other small investors and allow professional managers to invest the funds. Here, a fund manager is hired to invest the cash the investors have contributed, and the fund manager's goal depends on the type of fund; a fixed-income fund manager, for example, would strive to provide the highest yield at the lowest risk.
Answer:
Option B
Explanation:
Both Nadia and Samantha have insured their cars and willing to pay $100 over the expected loss for insurance. If the car is stolen the company would pay expected loss and would earn nothing and if the car is not stolen the company would not be liable for any loss and would earn $200, Therefore the company would earn between $0 and $200.
Answer:
c. Real GDP in long run
Explanation:
Potential GDP refers to the level of real GDP in long run.
Answer:
1- Industrial distributors
Explanation:
1- They are independent wholesalers that often have a sales force they call on purchasing agents, they also make deliveries, extend credit and provide valuable information. This kind of distributors are used in different industries such as manufacturing, mining, etc.
2- Marketing concept: It is a Philosophy that establish a Company should analyze which are their client´s need and after that, make decisions to satisfy those need, better than anyone else. This concept is adopted by most of the firms nowadays.
