Answer:
75%
Explanation:
The computation of the percentage increase in income before income taxes is shown below:
Particulars Current $ Increase at 15% Revised $
Sales revenue 1350000 202500 1552500
Less: Variable cost
Variable manufacturing 585000 87750 672750
Variable selling 40500 6075 46575
variable Admin 184500 27675 212175
Total variable cost 810000 121500 931500
Contribution 540000 81000 621000
Less: Fixed cost
Manufacturing 270000 0 270000
Selling 54000 0 54000
Admin 108000 0 108000
Net income 108000 81000 189000
Now percentage increase in income is
= (81000 ÷ 108000)
= 75%
Answer:
The answer is: interdependence systems approach
Explanation:
refers to the idea that an organization as a whole is the result of the combination of smaller combined systems that exist within it. These smaller systems are autonomous form each other but they also depend on the performance of other systems that exist inside the organization. If one system fails, the whole organization will fail.
Answer: See explanation
Explanation:
a. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020.
Debit Income Tax Expense $40400
Debit Defered Tax Asset $7070
Credit Income Tax Payable $19190
Credit Defered tax liability $28280
(To record income tax expense and defered tax/liability).
Note that:
Income Tax Expense was gotten as:
= $202,000 × 20%
= $202000 × 0.2
= $40,4000
Income Tax Payable was gotten as:
= $95,950 × 20%
= $95950 × 0.2
= $19,190
2. Prepare the income tax expense section of the income statement for 2020.
Income statement for year ended 31 December 2020
Income before tax = $202000
Less: Income Tax expense - Current = $19190
Less: Income Tax expense - Defered = $21210
Net income = $161600
Option e, using company resources for personal use
He should use his own phone or home device, and not at work
