Answer:
Income Tax Expense (Dr.) $49,080,000
Deferred Tax Liability (Cr.) $49,080,000
Explanation:
Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate
Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%
Income Tax expense = $49,080,000
Answer:
C) $142,576
Explanation:
The computation of the maturity value of the CD is shown below:
We use the future value formula that is shown in the spreadsheet.
Given that,
Present value = $100,000
Rate of interest = 12% ÷ 4 quarters = 3%
NPER = 3 years × 4 quarters = 12 years
PMT = $0
The formula is shown below:
= -FV(Rate;NPER;PMT;FV;type)
The future value is $142,576
Answer:
Capacity may be expanded or contracted as necessary without affecting fixed costs.
Explanation:
If a firm accepts a special-order, it will do so because the increased production costs will be lower than the extra revenue from the sale.
Production costs rise because special-order decisions usually involve large-volume sales at a lower price. This higher output requires the use of more inputs, and those inputs are variable costs.
For example, suppose a car factory sales on average 1,000 cars per month. The factory has the right amount of workers, and uses the right amount of energy, to produce 1,000 cars per month. The next month, a client order 5,000 cars in just one month, and the factory accepts the special-order. Variable costs energy and wages will rise.
Answer:
a) The amount of increase or decrease in revenue that is expected from a particular course of action as compared with an alternative is termed:
Differential Revenue
b) The Differential cost of producing Product D is the additional cost of $9.25 per pound.
Explanation:
a) Differential Revenue is the difference in sales revenue that results from two different courses of action.
b) The corporate finance institute defines Differential cost as "the difference between the cost of two alternative decisions."
Answer:
Yes,
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