Answer:
d. They can be easily measured.
Explanation:
The tangible cost is the cost i.e. incurred for the tangible things like employees ways, repair expense, purchase of fixed assets, etc
It can be measured and quantified in easily manner
Therefore as per the given options, the last one is correct as it defines the tangible cost and the rest of the options defines the intangible cost
Complete Question:
Given the following for the QRS Company:
Year Pre-Tax Net Tax Rate
Income (Loss)
2015 $10,000 20%
2016 8,000 20%
2017 (20,000) 20%
2018 12,000 20%
Assume QRS elects the carryback provision in 2017 and that future income is "more likely than not." 12/31/18 Income Tax Payable is:
Select One:
a. $2,400
b. $2,000
c. $11,600
d. $9,600
e. $400
Answer:
QRS
12/31/18 Income Tax Payable is:
b. $2,000
Explanation:
a) Data:
QRS Company:
Year Pre-Tax Net Tax Rate
Income (Loss)
2015 $10,000 20%
2016 8,000 20%
2017 (20,000) 20%
2018 12,000 20%
b) QRS can recover the loss from the 2015 and 2016 net income in the sum of $18,000 ($10,000 + $8,000) and then carry forward $2,000 against 2018 net income. Therefore, the taxable income for 2018 will be $10,000 ($12,000 - $2,000). The income tax payable is $2,000 ($10,000 * 20%).
Answer:
r = (FV/PV)^(1/n) – 1
and
Interest is 6.05 %
Explanation:
Interest is calculated as :
r = (FV/PV)^(1/n) – 1
Thus,
The formula that can be used to calculate the interest rate is
r = ($432,000/$240,000)^(1/10) – 1
= 6.05 %
Answer:
Weak because of proximate cause is difficult to prove in absence of other similarly affected individuals
Explanation:
Since in the question it is mentioned that the 60 year old man have a lung cancer so he sues the asbestos manufacturer also he trust that it is unsafe as her friend who use the alternative material has not have a lung cancer so here the case would be weak as of proximate cause as it is difficult for proving it
Therefore the same is to be considered
Answer:
Cash Inflow of $191,400
Explanation:
There are three types of activities in the cash flow statement which are described below:
1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income
2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.
In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400
