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3 years ago

For interim financial reporting, a company's income tax provision for the second quarter of 20X4 should be determined using the:

Business

1 answer:

Setler [38]3 years ago

4 0

Answer:

The corporation tax of company for interim financial reporting must be determined using previous quarter corporation tax amount minus previous quarter tax surplus or plus previous quarter tax deficit.

Explanation:

This is one of the way we estimate the corporation tax which helps in the better estimation. This way of estimating the corporation tax is recommended methods by the International Accounting Standard IAS 12 Taxes, for estimating taxes for interim and yearly financial reporting.

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Sandra, George, Jose, and Antwan are working on a project for a customer that is aimed at cutting the client's utility costs. Th

Maksim231197 [3]

Answer:

Virtual organization

Explanation:

A virtual organization or the business is the one which is defined as whose members are apart geographically, generally working through computer e- mail as well as groupware when appearing to others which is to be unified, single company with the real location physically.

In short, it is the permanent or temporary collection of the geographically dispersed groups, company, entire or individual units which ground on the electronic linking so that to complete the process of production.

So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

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3 years ago

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mixas84 [53]

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3 years ago

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Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per mont

Paladinen [302]

Answer:

A. 566 pounds

Explanation:

Given: Demand for rice is very consistent= 200 pounds per month.

Cost of rice per order= $50 per order.

Rice cost= $5 per pound.

Carrying charge= 15%

EOQ: Economic order quantity (EOQ) is the number of units that company should include in their inventory with each order to reduce cost of inventory.

Now, calculating EOQ.

Formula; EOQ= $\sqrt{\frac{2DP}{C} }$

D= Demand in units for specified period.

P= relevant ordering costs per order.

C= Relevant carrying cost of one unit in stock for the time period used for D.

EOQ= $\sqrt{\frac{2\times (50)(200\times 12)}{5\times 15\%} }$

⇒ EOQ= $\sqrt{\frac{2(50)(2400)}{5\times (0.15)} }$

Opening parenthesis

⇒ EOQ= $\sqrt{\frac{240000}{0.75} }$

⇒ EOQ= $\sqrt{320000}$

∴ EOQ= $565.68\ pound \approx 566\ pounds$

Hence, Economic order quantity is 566 pounds.

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3 years ago

The transportation service characteristic that refers to the ability of the transportation provider to move freight between a sp

blagie [28]

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3 years ago

Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called _________

soldier1979 [14.2K]

Answer:

Explanation:

Multinational market regions are groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers.

Types of multinational market regions

Regional Cooperation Groups.
Free Trade Area
Customs Union.
Common Market
Political Union

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3 years ago