Answer:
C) $84 million
Explanation:
Given that:
Taxable income = $255 million
Tax credit = $30 million
Tax rate = 40% = 0.4
Therefore, Tax payable = (Tax income × Tax rate) - Tax credit = ($255 million × 0.4) - $30 million tax credit = $72 million.
Since Warren believes the likelihood that a $30 million is sustained is 25%, and the likelihood that an $18 million is sustained is 30%, the total likelihood = (25% + 35% = 55% > 50%)
Therefore the liability for uncertain tax positions = $30 million - $18 million = $12 million.
Warrens income tax expense for the year = Tax payable + uncertain tax positions = $72 million + $12 million = $84 million.
Answer:
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Answer:
e. Statement of retained earnings.
Explanation:
Statement of retained earnings -
It refers to the financial statement , that defines the alterations in the retained earning , for a particular time period , is referred to as the Statement of retained earnings .
The statement mention the beginning and the ending retained earnings in the given time frame , which helps to calculates the corporate profit .
Hence , from the given information of the question,
The correct option is e. Statement of retained earnings .
Accountability is a promise that a person or a group will be judged on how they perform or behave in relation to anything for which they are accountable.
Though more from the standpoint of oversight, the phrase refers to accountability. For instance, an employee might be in charge of making sure that a response to an RFP (request for proposals) complies with all the standards. Consequences may or may not occur if the work is not completed satisfactorily. Accountability, on the other hand, indicates that the worker is required to successfully complete the task and will need to at least justify their failure.
Learn more about Accountability here
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Answer: I would recommend Toyota to begin from Step 2,
Explanation:
Toyota should start from start at stage 2 assess the current reality so that they can move to stage 3 formulate a new grand strategy, implement the new strategy and maintain strategic control.
Toyota Strategy to focus on profit did not work out, the company ended up producing sub standard vehicles. Toyota should Assess the current reality and formulate a new Grand Strategy that will not only focus on profit .
