Answer:
1 . Dr ncome tax expense 7
Dr Deferred tax asset 4
Cr Income tax payable 11
2. Dr Income tax expense3
Cr Valuation allowance-Deferred tax asset3
Explanation:
Preparation of Journal entries
JournalDebitCredit
(In million)
1 . Dr ncome tax expense 7
($11-$4=7)
Dr Deferred tax asset 4
($16× 25% = $4)
Cr Income tax payable 11
($44 × 25% = $11 )
2. Dr Income tax expense3
Cr Valuation allowance-Deferred tax asset3
(3/4 × $4) = $3 million
Deferred tax asset= ($16× 25%)
Deferred tax asset= $4 million
Income tax payable= ($44 × 25%)
Income tax payable= $11 million
Answer: Differentiation vs Integration environment
Link between strategy, structure and culture
Mechanistic vs Organic environment
Explanation:
Differentiation and integration environment
Differentiation looks at how an organization is being divided as regards functional areas and departments while integration looks at how a firm operates at the component level ie inter-deparment. A firm that seeks to survive must find a way to balance the two.
Link between strategy, structure and culture.
Strategy is all about the firm's long term vision and plans and how management hope to actualize them. Structure refers to the way the organization function; its chain of command. Culture refers to the shared values within the organization. The relationship between these three concepts is key.
Mechanistic vs Organic environment
The mechanistic environment is more suitable for a organization that is in a stable environment as it is rigid. An organic environment is more dynamic and will fare better in an unstable environment since it can easily cope with changes.
What ???????????? I’m confused
Zero unemployment and zero inflation is not good fpr the economy because inflation is important to keep the economy running.economis t call this sustainable inflation. when there is an inflation , you know that the price will rise in the future. your money is more valuable now since the price is lower then the future thus you sped noe instead of saving. this keeps the economy running.
If unmeployment were zero that would mean no new business could start, no existing business could expand and no one is entering the labor force. shortage of labor like this would increase the wage as the existing business have to compete for the labors and if wage sgoes up then prices goes up as well: inflation.
