1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ser-zykov [4K]
3 years ago
11

Taylor Company began manufacturing operations on January 2, 20X1. During 20X1 Taylor reported pre-tax book income of $150,000 an

d had taxable income of $200,000. Taylor had a temporary difference relating to accrued product warranty costs which are expected to be paid as follows: 20X2$30,00020X3$15,00020X4$5,000 The enacted tax rates are 21% for 20X1 and 20X2; and 25% for 20X3 and 20X4. The deferred tax asset at the end of 20X1 is:
Business
1 answer:
aleksley [76]3 years ago
3 0

Answer:

$11,300

Explanation:

The computation of the deferred tax asset is shown below:

= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)

= 21%($30,000) + 25%($15,000) + 25%($5,000)

= $6,300 + $3,750 + $1,250

= $11,300

You might be interested in
If a Starbucks vanilla latte costs $5 in Seattle and 4 euros in Paris, what must the exchange rate be if purchasing power parity
anzhelika [568]
D <span>20 euros per dollar</span>
7 0
2 years ago
1.Danner Company expects to have a cash balance of $45,000 on January 1, 2017. Relevant monthly budget data for the first 2 mont
Nat2105 [25]

Answer:

\left[\begin{array}{ccc}&January&February\\$beginning&45000&27500\\$receipts&97000&150000\\$disbursement&-114500&-163500\\$interest&0&0\\$subtotal&27500&14000\\$minimun&20000&20000\\$Financing&&\\$beginning&0&0\\$payment/loan&0&6000\\$ending&0&6000\\&&\\$ending cash&27500&20000\\\end{array}\right]

Explanation:

On January we collect the 85,000 from revenues and the 12,00 form marketable securities.

Then, we add up each disbursement:

Materials 50000

Labor       30000

Overhead (net of depreciation) 19,500

Selling and administrative 15000

Total 114,500

Then we solve for the cash balance and get the blaance as it is higher than 20,000 we do not need financing

Then, this value is the beginning cash for February. As the ending balance is 14,000 we will take 6,000 financing to reach the bare minimum of 20,000

3 0
3 years ago
A laissez-faire leader will give their employees as much ( ) as possible
schepotkina [342]
I think it’s B Work
4 0
3 years ago
Read 2 more answers
A pair of shoes is a example of ____ someone might purchase it is not a service
aniked [119]
Style either or respect
5 0
3 years ago
A) You observe the following exchange rates in the market.
blagie [28]

Answer: i. €0.11

ii. €1.08

Explanation:

i. If we get 1 krona for every $0.13 then how many krona do we get per dollar?

= 1/0.13

= 7.69 Krona is to $1

If $1 is 7.69 Krona and $1 is also €0.85 then that means that,

€ 0.85 = 7.69 Krona

So for each Krona exchanged, we get how many Euro,

= 0.85/7.69

= 0.11

For each Krona exchanged, we get €0.11

ii. Following the example of the first question,

if £1 is to $1.12 then how many pounds are a dollar?

= 1/1.12

= 0.89

£0.89 is equal to a dollar.

if €1 is to $1.04 then how many euros are a dollar?

= 1/1.04

= 0.96

€0.96 are equal to a dollar.

This means that,

£0.89 = €0.96

So for every British Pound exchanged we get how many Euros?

= 0.96/0.89

= 1.078

= €1.08

For every British pound Exchanged, we get €1.08

6 0
3 years ago
Other questions:
  • The members of a cross-functional team have an informal agreement that whenever a team member goes out of town on business, that
    12·1 answer
  • Why can it be difficult to deal with unethical behavior in the workplace?
    5·2 answers
  • Jennifer purchased a prepaid card for transit fares and highway tolls. what kind of card did she purchase?
    10·1 answer
  • Next week, Mortimer is preparing to go to work for the Illinois department of Child Services. He was surprised when his friends
    6·1 answer
  • Why do employers prefer employees with good work ethics? A. because an employee with good work ethics will always be a team play
    8·1 answer
  • To feel confident and to sell your qualifications, you should prepare and practice ____________________ stories that provide spe
    9·1 answer
  • Aaron, a team leader, encourages his team members to share their efficient work practices. He then ensures that his team is acco
    5·1 answer
  • A binding price ceiling for apartments (effective rent control) will:
    7·1 answer
  • Identify the uses of generally accepted accounting principles (GAAP). A. Independent accountants use GAAP to determine the amoun
    14·1 answer
  • Ben and Mildred's Stables used two different independent variables (trainer hours and number of? horses) in two different equati
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!