Answer:
Denver Company
Income Tax Expense for the second quarter:
Pre-tax quarter income = $140,000
Estimated tax rate = 24%
Tax Expense = $140,000 x 24%
= $33,600
Explanation:
a) Data:
Quarter income before tax estimated tax rate
first $100k 30%
second $140k 24%
b) Denver's quarter second income tax expense is the product of the pretax income for the second quarter and the estimated income tax rate for the quarter. The resulting calculation shows the estimated income tax expense that has to be settled by Denver. If it is not settled in the quarter second period, it has to be carried forward to the next quarter as a liability under the heading, Income Tax Payable.
Answer:
one product strategy
Explanation:
Based on the information provided within the question it can be said that the best strategy in this situation would be a one product strategy. This is a business strategy in which the company focuses on a single flagship product and making it sell as much as possible before diversifying into other products. This prevents the company from being overwhelmed with various products and instead allows them to focus and one and grow the product as well as the company.
Answer:
A.$30,000
B.$30,000
C.First-tier of $30,000 to both beneficiarie
Explanation:
Gomez Trust
a. (1/2×DNI $60,000)
=$30,000
b.$30,000
c.First-tier of $30,000 to both beneficiarie in which First-tier distributions can be said to be those distributions which are often composed of trust accounting income that is required to be distributed currently.
Hence there are no second-tier distributions because the tier system only accounts for the annual DNI amounts, and all of the $60,000 DNI are been distributed on the first tier.
Answer:
The correct answer is letter "A": psychological.
Explanation:
The tendency individuals prefer larger objects while making purchases could reflect their <em>psychological </em>need for protection. Some people believe the bigger or the more of something the merrier. In certain aspects, it could be true since, for instance, having larger savings instead of expenses provides individuals more possibilities not to be critically affected by economic hardship. Though in some other aspects such as technology, day by day devices are smaller but their features are enhanced.
Thus, <em>as the perception of owning larger stuff is psychological, it is merely subjective.</em>
Answer:
A. The equilibrium price should rise as the supply curve shifts to the left and the demand curve shifts to the right.
Explanation:
due to the product being popular, the demand rises and the demand curve shifts to the right.