Answer:
a. Particulars Amount
Pre-tax income for 2015 $683,500
Less: Income tax expenses <u>$205,050</u> ($683,500*30%)
Net Income for 2015 <u>$478,450</u>
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b. Deferred tax liability = Temporary difference * Tax rate
= $165,500*30%
= $49,650
Income tax expense = Construction in process - Deferred tax liability
= $165,500 - $49,650
= $115,850
Date Account titles and Explanation Debit Credit
2015 Construction in progress $165,500
Deferred tax liability $49,650
Retained earnings $115,850
(To record deferred tax liability and retained earnings for 2015)
Answer:
Nominal GDP is $74,437.50
Real GDP is $37,250
Explanation:
The computation of the nominal GDP is shown below:
Year 2 = Corn bread quantity × corn bread price + Software quantity × software price
= 125 × $1.5 + 825 × $90
= $187.50 + $74,250
= $74,437.50
And, the computation of the real GDP equals to
= Year 1 corn bread price × year 2 corn bread quantity + Year 1 software price × year 2 software quantity
= $1 × 125 + $45 × 825
= $125 + $37,125
= $37,250
The initial step would most likely be to make a survey or a focus group.
The correct answer is choice D.
In this choice you first add 8 + 7 inside of the parentheses. Remember, using the correct order of operations, you do what is inside of the parentheses first, and then multiply by the 2 which is outside of them.
Answer: 25%.
Explanation:
Expected Rate of return is calculated by first finding the difference between the Revenue Expected and the Cost.
Once this figure is ascertained, you divide it by the Cost.
In this case that would be
$250,000 - $200,000 = $50,000.
50,000/200,000 = 0.25
= 25%.