Answer:
the answer is going to be 3. R
Answer:
a. Particulars Amount
Pre-tax income for 2015 $683,500
Less: Income tax expenses <u>$205,050</u> ($683,500*30%)
Net Income for 2015 <u>$478,450</u>
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b. Deferred tax liability = Temporary difference * Tax rate
= $165,500*30%
= $49,650
Income tax expense = Construction in process - Deferred tax liability
= $165,500 - $49,650
= $115,850
Date Account titles and Explanation Debit Credit
2015 Construction in progress $165,500
Deferred tax liability $49,650
Retained earnings $115,850
(To record deferred tax liability and retained earnings for 2015)
Answer:
Total cost of Job A3B= $31,900
Explanation:
Job A3B was ordered by a customer on September 25.
The company applies overhead at a rate of 100% of the direct labor cost incurred.
Cost of September:
$3,400 of direct materials
$4,900 of direct labor.
$4,900 manufactured overhead
Total= $13,200
Cost of October:
$3,900 of direct materials
$7,400 of direct labor
$7,400 manufactured overhead
Total= $18,700
Total cost of Job A3B= 13,200 + 18,700= $31,900
Answer:
According to Ronald Coase, in his Coase theorem efficiency in the areas of negative externalities can be achieved through negotiations aimed at reaching conclusions that is places each party in a win-win position.
The minimum the spa would pay the surfboard designer is $175 and the maximum is $250.
Explanation:
Assuming the conclusion reached in the negotiation is for the surfboard designer decides to install the technology that eliminates noise,the spa would have to pay $175 while on other hand ,if agreed between both parties that the surfboard designer shifts to next door ,the spa would cough out $250,the increase cost of renting in the next building.