Answer:
The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.
Explanation:
- Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000
- Income tax expense for 2019 = 180.000-28.000=152.000
Answer:
see below
Explanation:
Financial statements are formal records that provide information about the business's financial activities, status, condition, and position.
Limitation of Financial Statements
1. Statements are based on historical data.
Financial statements do not indicate the current worth of a company. The value of assets and liabilities are subject to change, but financial statements record them at cost. The value of assets and liabilities is not altered to reflect the market cost. Therefore, the balance sheet presents misleading reports if a large part is based on historical costs.
2. Statements are subject to personal judgment:
The values of assets, as presented in the balance sheet, are influenced by the opinions of the person preparing them. For example, depreciation and amortization of assets depend on the personal judgment of the accountant.
3. Inflationary effects
Financial statements do not consider the effects of inflation. The reports and the statements' values are not the real values as inflation is known to erode a currency's strength.
4. Statements do not record Intangible assets.
Not recording intangible assets such as intellectual properties underestimate the value of a business.
Answer: C. Carrie felt the strain of having to constantly fake positive emotions towards her customers
Explanation: Burn outs describes conditions where an individual becomes tired due to overwork. Carrie feeling the strain of having to constantly fake positive emotions towards her customers (due to her highly courteous nature) turned in her resignation as this can be very draining and can be seen as overwork.
Annual gross potential rental income from a property minus expenses (vacancy and collection losses, operating expenses, replacement reserves, property taxes, and property and liability insurance) equals Effective gross income . This is further explained below.
<h3>What is
Effective gross income?</h3>
Generally, Effective gross incomeis simply defined as the total effective gross revenue equals potential gross income less vacancy and collection losses + other income.
In conclusion, Potential gross revenue minus vacancy and collection losses, plus other income, is equivalent to effective gross income.
Read more about Effective gross income
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Answer:
Implementing action recommendations.
Explanation:
Market research refers to the collection of strategies that are used to collect information and recognize a specific market for a product. Businesses use this knowledge to produce better goods, enhance customer experience, and create a brand image that will draw leads in performance and create conversion rates. As per the question, research marketing formulates the necessary actions required for its growth and the creation of an advertising campaign reflects the implementation of the action recommended.