The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year
Explanation:
Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year
Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent
Answer:
Deferred Tax Liability = $11,400 Credit
Explanation:
given data
pretax financial income = $228,000
Indigo’s tax depreciation = $38,000
tax rate = 30 %
solution
we know here that Income Tax Expense is
Income Tax Expense = $228,000 × 30%
Income Tax Expense = $68400 Dr
so as that
Deferred Tax Liability will be here
Deferred Tax Liability = $38000 × 30%
Deferred Tax Liability = $38000 × 0.30
Deferred Tax Liability = $11,400 Credit
Answer:
$8,000
Explanation:
The computation of the interest expense is shown below:
= Note payable × interest rate × number of months ÷ total number of months - Note payable × interest rate × number of months ÷ total number of months
= $200,000 × 12% × 6 months ÷ 12 months - $200,000 × 12% × 2 months ÷ 12 months
= $12,000 - $4,000
= $8,000
The 6 months is calculated from November 1, 20X1 to May 1, 20X2
And, the 2 months is calculated from On November 1, 20X1 to December 31,20X1
We assume the accounts are closed on December 31
Or we can do one thing also
Take the 4 months from Jan 1, 20X2 to May 1, 20X2
= $200,000 × 12% × 4 months ÷ 12 months
= $8,000
Answer:
Marketing is the process of getting the right goods or services or ideas to the right people at the right place, time, and price, using the right promotion techniques and utilizing the appropriate people to provide the customer service associated with those goods, services, or ideas.
Explanation:
(hope this helps)
