Dress code/ appearance = a
Online behavior = b
Drug-free policy = c
Internet use = d
Answer: To know the amount of tax the business should pay from reported profit which is different from it's actual tax bill
Explanation:
Income tax expense could be described as what is calculated that the company owes in taxes according to accounting rules. They are reported on the income statement.
While Income tax payable is described as the actual amount the company owes in taxes based on the rules of tax code. They appear on the balance sheet of the company accounting documents until the bills are cleared off or paid.
The reason for understanding the difference is to know the amount of tax the business should pay from reported profit which is different from it's actual tax bill
Answer:
I am willing to pay $1,202,235.89 for this annuity.
Explanation:
Calculate Present value of future cash flow to calculate the price for the annuity should be paid now.
Monthly receipt = PMT = $200,000
Number of years = n = 25 years
Rate of return = r = 16.25% = 0.1625
PV = PMT x [ 1- ( 1 + r )^-n )] / r
PV = $200,000 x [ 1 - ( 1 + 0.1625 )^-25 ) ] / 0.1625
PV = $200,000 x [ 1 - ( 1.1625 )^-25 )] / 0.1625
PV = $1,202,235.89
Answer:
d. All of these choices are correct.
Explanation:
The earning per share shows a relationship between the net income after considering the preference dividend and the number of outstanding shares
The formula is shown below:
Earning per share = (Net income - preference dividend) ÷ (Number of outstanding shares)
Moreover, it is used for the comparison and it must be reported by a public company on a quarterly basis or annual basis