Answer / Explanation:
Access: Real motives, Asking customers, Providing data, allowing expression
Impacts: Thinking about your idea, thinking of the community
Fact: Checking your report, Avoiding exaggeration
Respect: Valuing others opinions, choosing words carefully.
Now to be able to fully comprehend the aforementioned above, let us define a couple of them.
Access: This simply refers to being able to get approval to what is needed
Impact: This refers to or can be likened to the action of an object coming forcibly into contact with another external object.
Fact: This can be likened to a process that has been tested and proven to be an established principle.
Respect: This can be referred to as the feeling of admiration for an individual or group of people due to their perceived abilities or level of achievement.
With the brief definition of this terms, i hope you find it logical why the action were dragged to the perceived most appropriate category.
Answer: b.segregation of duties
Explanation:
Segregation of duties as an internal control ensures that there are multiple people doing activities that if left to one person can leave the company at the risk of fraudulent activity. It also helps to reduce the incidence of errors in reporting because more than one person will be cross-checking transactions.
There should be more segregation of duties in this small-town retail store. For instance, the sales clerk should not be responsible for both the counting and comparison to the cash register tape because they could have omitted sales from the machine and then simply taken the money from the cash when counting. A different person should count the cash to see if it tallies with the cash register tape.
Answer:
$20 Million
Explanation:
- Reported Income before taxes for 2018= $470 Million
- Tax Depreciation excess over Financially Reported Depreciation= $ 50 Million
- Income Tax rate for 2018= 35%
- Enacted Rate for Years after 2018= 40%
Calculation
- The Deferred Tax Liability= Excess of Tax Depreciation over Financially Reported Depreciation × Enacted Tax Rate
Deferred Tax Liability
This represents the tax due for a particular period but yet to be paid. A deferred tax liability is the indication that an organisation will have to pay mor tax in the future as a result of a current transaction.
In the situation of Brown and Lowery, the Deferred tax is an applied tax rate to the excess of tax depreciation over financial reporting depreciation.
Based on International Accounting Standard (IAS) 12, Deferred tax liability should be calculated using the Enacted rate for years after the current period.
Also, $50,000,000 is the excess of tax depreciationi over depreciation used for financial reporting, however, since the firm has a $20, 000,000 which is a non-tax deductible expense then it will not affect our Deferred Tax Liability Calculation.
Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services
Answer:
16 times
Explanation:
Calculation to determine what Bonita Corporation's price-earnings ratio is
Price-earnings ratio= ($1550000 -$400000)/387500
Price-earnings ratio=$1,150,000/387500
Price-earnings ratio=2.97
Price-earnings ratio= 48/2.97
Price-earnings ratio=16 times
Therefore Bonita Corporation's price-earnings ratio is 16 times
