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Nataly_w [17]
3 years ago
8

Harold is an aspiring entrepreneur. He has asked all his professional contacts for some advice. After hearing out all the sugges

tions, Harold has
decided to enter a franchise contract with a well-known manufacturing business and sell its products as a dealer. Which of the following could
be a good reason for Harold's decision?
O A. Harold does not want to put in any efforts to run a business.
OB. Harold wants to ensure that he never runs into losses.
OC. Harold wants to benefit from the franchisor's advertising expertise.
OD. Harold does not want to make any investments at all.
Business
1 answer:
azamat3 years ago
8 0

Answer:

C. Harold wants to benefit from the franchisor's advertising expertise.

Explanation: Expertise is the most important consideration of the choices listed.

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"Ayres Services acquired an asset for $80 million in 2021. The asset is depreciated for financial reporting purposes over four y
Zepler [3.9K]

a. The cumulative temporary book-tax difference for the depreciable asset are as follows:

December 31, 2021 = $60 million

December 31, 2022 = $40 million

December 31, 2023 = $20 million

December 31, 2024 = $0

b. The balance to be reported in the deferred tax liability account are as follows.

December 31, 2021 = $15 million

December 31, 2022 = $10 million

December 31, 2023 = $5 million

December 31, 2024 = $0

Explanation:

Note: See the attached excel file for the calculation of cumulative temporary book-tax difference for the depreciable asset and the balance to be reported in the deferred tax liability account for December 31 of years 2021, 2022, 2023 and 2024 in bold red color.

In the attached excel file, the following formula are used:

Cumulative Temporary differences at December 31 of the current year = Cumulative Temporary differences at December 31 of the previous year + (Depreciation on the tax return at December 31 of the current year - Depreciation on the income statement at December 31 of the current year)

Balance to be reported in deferred tax liability account at December 31 of the current year = Cumulative Temporary differences at December 31 of the current year * Tax rate

8 0
3 years ago
Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve nev
Klio2033 [76]

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

Explanation:

The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

6 0
3 years ago
Sasha has a master's degree in writing, and currently works full-time as a 2nd grade classroom helper. she submits articles for
Setler [38]
Based on the scenario above, Sasha describes herself as what she say is that she is underemployed, whereas the bureaus of labor statsitics will likely classify Sasha as being employed.

-Underemployed is defined as having a worker to be underused to a job by which the individual’s skill is not used.

<span>- </span>Employed – it is defined as having to provide work to an individual and being able to pay them for their work and efforts

6 0
3 years ago
Barney builds custom wooden birdhouses. he can make 150 birdhouses per month and sell them for $50 each. his average total cost
musickatia [10]

Answer:

125 birdhouses per month

Explanation:

Barney=150 birdhouses

Total product=150 birdhouses

If Barney hires Fred

Fred =125 birdhouses

Total product=150+125

=275 birdhouses

Marginal product can be defined as a change in output as a result of a change in variable inputs

It can be calculated as follows

Marginal product=change in total product/change in variable inputs

=275-150/1

=125/1

=125 birdhouses per month

4 0
3 years ago
A group of processes that seeks to combine the characteristics and advantages of more than one of the classic processes is known
olga55 [171]

Answer:

B. Hybrid manufacturing process

Explanation:

A group of processes that seeks to combine the characteristics and advantages of more than one of the classic processes is known as a <u>Hybrid manufacturing process</u>. In a hybrid manufacturing process, two types of processes are being combined in a single machine. The combined process consists of the features of the both of the processes being performed simultaneously.

5 0
3 years ago
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