Answer:
Income Tax Expense (Dr.) $49,080,000
Deferred Tax Liability (Cr.) $49,080,000
Explanation:
Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate
Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%
Income Tax expense = $49,080,000
Answer:
$873,200
Explanation:
The computation of the cost of merchandise sold is shown below:
= Merchandise inventory, July 1 + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31
= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600
= $873,200
We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory
Strategy is a sustainable and dominant market share the set of actions a firm takes to achieve a competitive advantage.
<h3>What is Competitive advantage strategy?</h3>
Competitive advantage can be explained as factors that influence a company to produce goods or services and be able to stand out compare to her other company in that industry.
These advantages help the company to be able to produce and generate more sales compared to its market rivals.
Learn more about competitive advantage at:
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Answer:
D. Selling on non-price factors, such as design or customer service
Explanation:
One of the main goals of a Focused differentiator strategy in business is to is to secure a competitive advantage over competitors by offering products that appeal to specific non-price and unique preferences of customers.
The strategy is to go for <u>products that will appeal to a well-defined group of buyers</u>. This strategy is the opposite of the Broad Differentiation strategy that aims at different or multiple market segments or multiple buyer groups for a product.
A good example is the development of a particular high-end product car manufacture line which is specifically targeted at high-end citizens in a society who will go for them despite their costs just because of their premium looks, additional features (off-road capabilities, 0-60 miles in 4 seconds and leather trimmings) among others. This is a focused differentiator
