Answer: accidental.
Explanation: under the state workers compensation laws, Lenny would be compensated only if his injury was accidental. The law aims to protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.
Furthermore, state compensation laws are put in place in every state to protect employees against loss of income and for medical payments because of work-related injuries, accidents, illness, or disease.
Answer:
Deferred tax liability = $52,500
Explanation:
Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000
Enacted tax rate = 30%
Tax rate for future years = 40%
so Deferred tax liability = $250,000 x 40% = $100,000
Answer:
They must be severely punished.
Explanation:
Common crimes earlier were more threat full to the society than any other act and that is the reason they were mentioned more.
Since, the new era has new crimes, and one of the kind is white collar crimes which happens when companies’ heads try to misguide people with false financial reports, adding more losses to avoid taxes and sometimes showing more profit to attract potential investors, now it has become even severe.
Whichever the case, both crimes ultimately effect society and its stakeholders, however, common crimes are more frequent than white collar crimes.
Hence, they must be severely punished because they are committing crimes under the disguise of an innocent professionals.
Answer:
Total PV= $948.6
Explanation:
Giving the following information:
Year Cash Flow
1 $250
2 450
3 350
Interest rate= 5%
<u>To calculate the present value, we need to use the following formula on each cash flow:</u>
PV = Cf/(1+i)^n
PV1= 250/1.05= 238.1
PV2= 450/1.05^2= 408.16
PV3= 350/1.05^3= 302.34
Total PV= $948.6
When production is very high but demand is very low, it can lead to a <u>"recession".</u>
A recession is the point at which the economy decreases fundamentally for no less than a half year. That implies there's a drop in the accompanying five financial markers: genuine GDP, pay, business, assembling, and retail deals.
A recession is typically in progress when there are a few fourth of abating yet positive development. Frequently a fourth of negative development will happen, trailed by positive development for a few quarters, and after that another quarter of negative development.
