Answer: See explanation
Explanation:
a. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.
Debit Income Tax Expense $40400
Debit Defered Tax Asset $7070
Credit Income Tax Payable $19190
Credit Defered tax liability $28280
(To record income tax expense and defered tax/liability).
Note that:
Income Tax Expense was gotten as:
= $202,000 × 20%
= $202000 × 0.2
= $40,4000
Income Tax Payable was gotten as:
= $95,950 × 20%
= $95950 × 0.2
= $19,190
2. Prepare the income tax expense section of the income statement for 2020.
Income statement for year ended 31 December 2020
Income before tax = $202000
Less: Income Tax expense - Current = $19190
Less: Income Tax expense - Defered = $21210
Net income = $161600
The leadership factor that is defined as giving pep talks, asking employees for advice is Motivating others.
<h3>What is Motivation?</h3>
Motivation serves as an act of giving energy to the components of the organization, it involves building up trust.
Therefore, motivation involves praising the work of employees and keeping them informed
Learn more about Motivation at;
brainly.com/question/25927714
#SPJ1
Answer:
Underapplied Manufacturing Overhead $23,000
Explanation:
Sawyer Manufacturing Corporation
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base
= $300,000 ÷ 52,000 direct labor hours
= 5.7 Approximately $6 per direct labor-hour
Overhead over or underapplied Actual MOH
= 365,000
Applied MOH = $6 x 57000 = $342,000
Underapplied Manufacturing Overhead = 365,000-342,000 = 23,000
Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000
The answer is: Technology and planning integration
Technology and planning integration refers to the use of modern technology in order to achieve company's goals more efficiently.
Not only that, implementing technological assistance will lower the total cost made by the company in the long run.
20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.
