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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

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spending, and an increase in

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an increase in the real money

supply, a decline in interest rates,

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an increase in the real money

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an increase in investment

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5 0
2 years ago
According to the keynesian model, what are the two components of consumption spending? what factors determine how consumption ch
kkurt [141]

A simple Keynesian model follows four principles:

<span>1. Accumulated expenditures, income, and output are the same.
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5 0
2 years ago
Which of the following is most likely to be considered a profit center?
likoan [24]

Answer:

A. The grocery department of a Walmart Supercenter or Target Superstore

Explanation:

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3 0
3 years ago
Vince’s Vehicle Repairs has a gross profit margin of 60% and a net profit margin of 22%. Turnover was £180000. Calculate:
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Answer:

Vince's Vehicle Repairs

The Cost of Sales is:

= $72,000.

Explanation:

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5 0
3 years ago
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