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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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The correct answer is E. Share of customer.

Explanation:

Customer participation reflects the way in which customers take part in the process and the degree to which they participate. It is especially important for many service processes, particularly if the contact with the customer is (or should be) high. A good starting point to increase customer participation is to make the process more visible to the customer. Allowing customers to see what normally remains hidden from their view is part of Harvey’s service design, a Canadian chain of fast food restaurants. There you can see the workers in a sanitary and orderly workplace roasting the meat, and one can choose the type of additional ingredients you want. An even bolder step is to allow customers to participate in selected backroom processes, in order to turn them into shown processes.

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3 years ago
Marcus deposited his paycheck in the amount of $625.84. He'll use the check register to record his transaction. What will be
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$1266.15

Explanation:

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2 years ago
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With a _______ lifestyle, people select products and services that fulfill their diverse needs and interests, rather than confor
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2 years ago
There are only four legal structures to form and operate a business.TrueFalse
coldgirl [10]

Answer:

The above statement is false.

Explanation:

The most common legal structure of business are as follows:

Sole proprietor : It is a form of business in which a business is fully controlled by only one person. He takes all the decision himself . He has unlimited liability. His personal assets are used by the creditors to recover their money

Partnership: It is a form of business in which minimum 2 person come together to form a partnership firm. They share profit and loss as agreed between them. They have a partnership deed . Every partner have unlimited liability .

Limited liability Partnership : This form is recently introduced. This form come under the limited liability 2008. It has separate legal entity.

Corporation: A corporation has a independent legal entity, separate from its owners and has different tax calculation than other structure. The owner of the corporation has limited liability upto their share in corporation

S-Corporation: This business structure is more simple than corporation. It is more beneficial for small owners and also have some tax benefits. S Corporation can also cash accounting system rather than accural method of accounting.  

Thus, the statement is false that the legal structure of business is only four.

6 0
3 years ago
The following is a list of various costs of producing T-shirts. Classify each cost as either a variable, fixed, or mixed cost fo
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Solution :

a. Ink used for screen printing   ---  Variable

b. Warehouse rent of $8,000 per month plus $0.50 per square foot of storage used   ---   Mixed

c. Thread  ---   Variable

d. Electricity costs of $0.038 per kilowatt-hour  ---   Variable

e. Janitorial costs of $4,000 per month   ----  Fixed

f. Advertising costs of $12,000 per month  ----  FIXED

g. Accounting salaries   ---    FIXED

h. Color dyes for producing different colors of T-shirts   -----  Variable

i. Salary of the production supervisor   ----   FIXED

j. Straight-line depreciation on sewing machines    -----     Fixed

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l. Hourly wages of sewing machine operators    ------    Variable

m. Property taxes on factory, building, and equipment  -----    Fixed

n. Cotton and polyester cloth   ----    VARIABLE

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6 0
3 years ago
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