Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
Answer:
Selling price= $79.17
Explanation:
Giving the following information:
Direct materials cost $43
Direct labor cost $11.30
Variable overhead cost $ 5.30
Fixed overhead cost $ 1.30
Target markup 30 %
<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= 43 + 11.3 + 5.3 + 1.3= $60.9
<u>Now, the selling price:</u>
Selling price= 60.9*1.3
Selling price= $79.17
Answer: EMS is constantly evolving in response to evidence-based research.
Explanation: Evidence-based research is the use of information to make decisions about a research and not an opinion.
It is a systematic process whose purpose is to congeal the best available research findings with historical and laboratory test results in order to optimize the process of making decisions.
it is any practice that relies on scientific and mathematical evidence to form strong inductive or deductive arguments for guidance and decision-making.
Targeted levels of customer service
Answer:
$10,710
Explanation:
Given:
Total amount paid for assets = $21,000
Market value of assets
Land = $ 6,500
Equipment = $2,600
Building = $3,500
Total Market value of Assets = $6,500 + $2,600 + $3,500 = $12,600
Computation :
Amount Debited to Land account = (Market value of particular assets / Total Market value of Assets) x Total amount paid for assets
= ($6,500/$12,600) x $21,000
= 0.51 x $21,000
= $10,710
