Answer:
Net deferred tax liability in non current liabilities = $84 million
Net deferred tax liability in current liabilities = $18 million
Explanation:
Deferred tax that is deferred tax asset or deferred tax liability can only be sett off against each other only when the tax in asset or tax in liabilities is to be paid to same tax authority.
Thus, here assuming these are paid to same authority of taxes, thus these are sett off.
In the given case,
Deferred tax asset for current liability = $54 million
Deferred tax liability for current asset = $72 million
Net deferred tax liability in current liabilities = $18 million = (72 - 54)
Deferred tax asset for non current liability = $36 million
Deferred tax liability for non current asset = $120 million
Net deferred tax liability in non current liabilities = $84 million
Final Answer
Net deferred tax liability in non current liabilities = $84 million
Net deferred tax liability in current liabilities = $18 million
Answer: No
Explanation:
When computing a project analysis for a project, only relevant cash flow should be included in the Project's cash flow analysis. Relevant cash-flow are those that will only occur if the project was embarked on.
If the cash flow in question is still going to occur even if the project wasn't initiated as is the case with Project A, it is not a relevant cash-flow and should not be included in the cash-flow analysis.
Answer:
Part a
Debit : Accounts Receivable - Vargas Co. $148,600
Debit : Cost of Sales $89,160
Credit : Sales Revenue $148,600
Credit : Merchandise $89,160
Part b
Debit : Freight Expenses $2,100
Credit : Cash $2,100
Part c
Debit : Cash $133,740
Debit : Discount allowed $14,860
Credit : Accounts Receivable - Vargas Co. $148,600
Explanation:
A corresponding cost of sales must be recorded each time a sale is made. The freight costs are company costs for Sievert Co. and will be expensed in the income statement.
The payment due is at 90 % after the discount of 10% given that the payment is made within the credit term of 30 days.
Answer:
100 units
Explanation:
Given that,
Annual demand (D) = 500 units
Ordering cost (S) = $5 per order
Holding cost (H) = $0.50 per unit per year
Optimal order quantity(Q):
= 100 units
So, the optimal number of diamonds to be ordered is 100 units.
