Answer:
B. $19,687 mil
Explanation:
The statutory tax rate is the percentage imposed by law; the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks (including loopholes, deductions, exemptions, credits, and preferential rates).
Now, in our question, statutory tax rate is 35%, but effective tax rate is 15%. This implies, with the help of tax breaks or loopholes, company managed to pay only 15% of its income as taxes.
This 15% of income = $2,953 mil
Hence, pretax income = 2,953/15% = $19,686.67 mil = $19,687 mil
increase the output by one-unit so it will increase the firm's profit.
Answer:
Explained below:
Explanation:
A staffing management plan refers to the plan produced to help businesses primarily identify and later procure the workers at all levels and in all departments of the business organization. The purposes of a staffing management plan to :
Classify staffing needs.
Build timelines.
Establish funds considerations.
Devise and implement talent acquisition strategies.
Construct and execute an on boarding schedule.
Identify and design suitable training bodies and methods.
Follow the plan until it reaches effectiveness.
It addresses the requirements of the organization in many ways, depending upon its business model, its structure, and the system in which it finishes projects and reaches deadlines.
Answer:
Option (A) is correct.
Explanation:
Correct balance:
= Bank balance on bank statement + Back deposits in transit - outstanding checks
= $1,445 + $150 - $350
= $1,245
So our checking accounting shows a balance of $1360, but the correct balance is $1245.
Hence, the difference between the two is $115.
Therefore, this means that we would debit $115 back to cash.
Answer:
The Adjustment Entry for accrual of Interest Expense will be as follows:
Dr. Cr.
Interest Expense $840
Interest accrued Payable $840
Explanation:
Interest per day = $28
Interest expense for the Month = $28 x 30 = $840
$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.
