Answer:
a) 2021 year income: 526,540
b) journal entries
income tax expense 225.660 debit
income tax deferred liability (*1) 49.650 debit
income tax payable 176.010 credit
Explanation:
Year Accounting Tax purpose Difference
2020 752200 586700 165500
2021 683500 444700 238800
2021
752,200 x 30% = 225,660
after tax income: 526.540
2022
683,500 x 30% = 205,050
after tax income: 478.450
We recognize the income tax expense n the accounting method of revenue/expense recognizition
while, the payable will use the goverment purposes.
Then, the differnce wi considered either income tax deferred.
*1 it is a liability as the company is paying lower taxes to day to pay more than before.
Answer:
B) $12,825
Explanation:
In order to calculate the worst case scenario of sales first we need to calculate the worst case for sales of units.
The Company estimates that 5,000 units will be sold with a 10 percent plus-or-minus range. So, let calculate the worst case for the sale of units, in this case being 90% of the 5,000 unit estimate. Calculate 90% of 5,000, and this gives us 4,500 units as the worst case scenario.
To calculate the the worst case scenario for price, lets use the $3.00 per unit estimated by the Company, and apply the same concept, however, taking into account that sales price has a 5 percent plus-or minus range. So we caclulate %95 of $3.00, and this gives us $2.85 as our worst case scenario for price.
Now, we take our worst case scenario for amount of units and price:
4,500 units x $2.85 = $12,825
$12,825 is the total dollar amount for the worst case scenario of this product.
The number of adjustments that Steve has to make for Jones's property is 0.
<h3>What is a comparative market analysis?</h3>
The comparative market analysis is the term that is used to refer to the estimate of the value of a person's home which is based on all of the other homes that are similar homes in the area.
The adjustments that have to be made to a property is going to be 0 based on the property.
Read more on market analysis here:
brainly.com/question/17246850
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Answer:
cost of goods sold = $36,285
ending inventory = $1,742
Explanation:
when you use the weighted average cost method you have to calculate the COGS using the total number of units and the total amount paid for them.
beginning inventory = 71 units for $5,325
purchase 1 = 262 units for $18,864
purchase 2 = 187 units for $13,838
total 524 units for $38,027
cost per unit = $38,027 / 524 units = $72.57
cost of goods sold = 500 units x $72.57 = $36,285
ending inventory = 24 units x $72.57 = $1,741.68 ≈ $1,742
Answer:
The answer is Y = C + I + G + NX
Explanation:
National income can be represented as: Y = C + I + G + NX
where Y is the national income
C is the consumers' consumption or households' expenses on goods and services
I is the firms' investment. Investment done by businesses on procuring non-current assets used in production
G is the government expenditure.
NX is the net export. Net export is the difference between the total value of export and total value of import in a year.
