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Bad White [126]
3 years ago
6

Smith Company reported pretax book income of $406,000. Included in the computation were favorable temorary differences of $51,20

0, unfavorable temporary differences of $40,600. Smith's deferred income tax expense or benefit would be:
Business
1 answer:
masha68 [24]3 years ago
8 0

Answer:

$3,604

Explanation:

Calculation for what Smith's deferred income tax expense or benefit would be:

Using this formula

Deferred income tax expense =(favorable temporary difference-unfavorable temporary difference)*Tax rate

Let plug in the formula

Deferred income tax expense =($51,200-$40,600)*21%

Deferred income tax expense =$10,600*34%

Deferred income tax expense =$3,604

Therefore Smith's deferred income tax expense or benefit would be:$3,604

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A fish cannot survive without water and a profession cannot exist without education. Justify this statement logically.​
Misha Larkins [42]

Water is the home of fish. If there won't be water then there won't be fish as fish can't survive without water. Similarly, education is like the water and profession is like the fish. Education makes a person skilled, trained, capable to perform a job. If someone tries to do a job without gaining some sort of education then it will be very hard for them to do that particular job properly. Education provides us knowledge and skill to perform any task in a job efficiently and effectively. Education helps to develop one's confidence, knowledge, skills and makes one ready to do any type of job. Education makes a direct contribution to the production of skilled manpower. So without education there won't be any profession.

6 0
3 years ago
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) a
balu736 [363]

Answer:

Marginal opportunity cost is the number of units of good 1 that are sacrificed for producing an additional unit of other good.

A) If we increase the production of butter from 1 to 2 then Guns production decreases from 36 to 26. Thus opportunity cost of second unit of butter is 10 guns.

B) Total opportunity cost of 2nd unit of butter = 18 guns

C) marginal opportunity cost of producing the third unit of butter = 12 Guns

D) Total opportunity cost of third unit of butter = 30 Guns

3 0
3 years ago
An automobile tier II supplier has been offered a contract to supply a gearbox to a car company. The initial price of the gearbo
Fudgin [204]

Answer:

:

The contract is worth $1,622,970,237.98

Explanation:

Given

Number of Years = 12

Initial Price = $389

Initial Units = 500,000

Unit Increment = 2%

Price Decrement = $7.5

At Year 0:

$389 * 500,000 = $194,500,000

The Initial price would continue to decrease by $7.5

And the Initial units would continue to increase by 2%.

So,

At Year 1:

($389 - $7.5) * (500,000 * 2% + 500,000)

= $381.5 * 510,000 = $194,565,000

At Year 2:

($381.5 - $7.5) * (510,000 * 2% + 510,000)

= $374 * 520,200 = $194,554,800

At Year 3:

($374 - $7.5) * (520,200 * 2% + 520,200)

= $366.5 * 530,604 = $194,466,366

At Year 4:

$359 * $541,216 = $194,296,5736

At Year 5:

$351.5 * $552,040 = $194,042,2017

At Year 6:

$344 * $563,081 = $193,699,9368

At Year 7:

$336.5 * $574,343 = $193,266,3649

At Year 8:

$329 * $585,830 = $192,737,96810

At Year 9:

$321.5 * $597,546 = $192,111,13011

At Year 10:

$314 * $609,497 = $191,382,12412

At Year 11:

$306.5 * $621,687 = $190,547,113

Calculating present worth of contract (at 6%)

By adding the result of 0.06 * present value at each year.

Net Present Value = $1,622,970,237.98

8 0
3 years ago
Within the marketing concept, a service orientation is an integrated organizational effort that revolves around.
Mekhanik [1.2K]

Answer:  making sure customers are satisfied

                                                 

Explanation: In simple words, service orientation refers to the mindset in the organisation under which all employees within work for a sole objective, that is, customer satisfaction.

Such behavior is implemented by the top management and requires continuous efforts. The domain of applicability of such behavior is after the sale is made.

This behavior is developed by the organisation to make sure that their market share remains constant and existing customers do not shift their demands.

7 0
2 years ago
Why is it important for organizations to accurately estimate the demand for a good or​ service? A. To decrease the fixed costs o
Yuki888 [10]

Answer:

B. To plan​ production, marketing, and budgets

Explanation:

A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.  

4 0
3 years ago
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