Occupational education refers to a total program of education oriented to the world of work. Occupational education should be gin to take form in the elementary school with a basic introduction to the world of work in terms appropriate to the maturity level of the students.
Answer:
Option (A) is correct.
Explanation:
Money multiplier refers to the reciprocal of required reserve ratio.
The formula for determining money multiplier is as follows:
= 1 ÷ Reserve requirement ratio
If the households are desired to hold more currency in hand then as result the there will be leakage in the form of households holding cash with themselves.
Hence, this will lead to decrease the money multiplier because of higher reserve requirement ratio for the banks.
Answer:
a. $10,311
b. $0
c. $9,546.95
Explanation:
a. Deferred tax asset account:
= Deferred tax asset 2019 + Deferred tax asset 2020
Deferred tax asset 2019 = Bad debt for book purposes * tax rate
= 196,400 * 21%
= $41,244
Deferred tax asset 2020 = Bad debt for tax purposes * tax rate
= 147,300 * 21%
= -$30,933
Deferred tax account balance = 41,244 + (- 30,933)
= $10,311
b. Deferred tax liability account = $0
From the given details there are no tax liabilities.
c. Cost to Mini;
= Deferred tax asset * Present value factor
= 10,311 * 0.9259
= $9,546.95
Answer:
Option (c) $7,672
Explanation:
Data provided in the question:
Investment amount i.e principle = $9,875
Interest rate,r = 4.8%
Time, t = 12 years
Now,
Future value = Principle ×
n = number of times compounded per year
Future value =
Future value =
Future value =
Future value = $17,546.55
Also,
Future value = Principle + Interest
Therefore,
$17,546.55 = $9,875 + Interest
or
Interest = $17,546.55 - $9,875
= 7671.55 ≈ $7,672
Hence,
Option (c) $7,672
Answer:
B. Depreciation Expense
Explanation:
<u>Depreciation Expense</u> appears in a post-closing trial balance. As we know that "Depreciation expense" is just the outlay of depreciation that is inscribed on the income declaration. In different words, it is the value of an asset's expense that has been earmarked as well as described as an expense for the time (month, year, etc.) presented in the earnings statement's head.
