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snow_tiger [21]
2 years ago
13

What is meant by "tax allocation within a period"? What is the justification for such practices?

Business
1 answer:
Dima020 [189]2 years ago
6 0

Answer:

Tax allocation within a period is the practice of allocating the income tax for a period to such items as income before extraordinary items, extraordinary items and period adjustments.

Explanation:

The justification for tax allocation within a period is to produce financial statements which disclose an appropriate relationship of the different taxable income.

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"An automotive company was looking to expand internationally and selected three possible countries in which to build a factory.
zheka24 [161]

Answer: bribery and conflict of interest

                   

Explanation: In simple words, bribery refers to the act under which one individual tries to persuade the behavior of another individual for his benefit  by offering him or her monetary benefits.

Whereas, conflict of interest refers to a situation when someone has the authority to make decisions that benefits himself more than the entity he is working for.

Hence we can conclude that the above case depicts bribery and conflict of interest.

8 0
2 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $40,000 and
DerKrebs [107]

Answer:

$4,775

Explanation:

Given that,

Allowance for Uncollectible Accounts = $1,700

Write off in Accounts receivable during the year = $875

Allowance for Uncollectible Accounts required = $5,600

Closing Allowance for Uncollectible Accounts:

= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year

= $1,700 - $875

= $825

Bad debt expense for 2022:

= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts

= $5,600 - $825

= $4,775

6 0
3 years ago
Carver Corporation produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing co
son4ous [18]

Answer:

$16

Explanation:

The computation of contribution margin per unit is shown below:-

For computing the contribution margin per unit first we need to find out the selling commission which is shown below:-

Selling commission = Sold product × Selling commission percentage

= $40 × 15%

= $6

Now, Contribution margin = Sales - Variable costs

=$40 - ($18 + $6)

= $40 - $24

=$16

7 0
2 years ago
Bill pay powered by melio allows you to fund payments to vendors using which 3 methods?
bazaltina [42]

Bill pay powered by Melio allows you to fund payments to vendors using the 3 methods of:

  • Debit card.
  • Credit card.
  • EFT from their bank.

<h3>What is Bill Pay powered by Melio about?</h3>

This is known to be a new feature that allows all users to book their vendor payments through the use of their Debit card, a Credit card, or EFT obtained from their bank and then it is used to issue or sends payment to their vendors.

Therefore, Bill pay powered by Melio allows you to fund payments to vendors using the 3 methods of:

  • Debit card.
  • Credit card.
  • EFT from their bank.

Learn more about Bill from

brainly.com/question/2933232

#SPJ1

5 0
1 year ago
A. Develop a probability distribution for x
Neporo4naja [7]

a. Answer:The corresponding probabilities are obtained by converting the percentages into probabilities. That is, by dividing each value with 100.

F/N (where F =percentage of accidents and N =100)

Explanation:

 X 0 1 2 3 4

f(X) 0.096 0.57 0.238 0.077 0.019

b.  The formula for the expected value of a discrete random variable is E(x)= µ=∑xf(x)

X F(X) X.f(X)

0 0.096 0

1 0.57 0.57

2 0.238 0.476

3 0.077 0.231

4 0.019 0.076

Total         1      1.353

Hence, the value for expected value of X is 1.353

The formula for the variance of the discrete random variables is Var(x)= σ² =∑(x-µ)²f(x)

X F(X) (x-µ) (x-µ)² (x-µ)².f(x)

0 0.096 -1.353 1.8306 0.1757

1 0.57 -0.353 0.1246 0.0710

2 0.238 0.647 0.4186 0.0996

3 0.077 1.647 2.7126 0.2089

4 0.019 2.647 7.0066 0.1331

Total 1 3.235 12.0930 0.6884

Hence, the variance of the random variable x is 0.6884

The formula for the standard deviation of the discrete random variables is

σ=√(∑[(x-µ)².f(x)] )

Thus, the standard deviation is σ= √0.6884

                     =0.8297

Hence, the standard deviation of the random variable x is 0.8297  

5 0
2 years ago
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