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qaws [65]
2 years ago
9

Dwyer Company reported the following results for the year ended December 31, 2007, its first year of operations: 2007 Income (pe

r books before income taxes) $ 1,500,000 Taxable income 2,400,000 The disparity between book income and taxable income is attributable to a temporary difference which will reverse in 2008. What should Dwyer record as a net deferred tax asset or liability for the year ended December 31, 2007, assuming that the enacted tax rates in effect are 40% in 2007 and 35% in 2008?
Business
1 answer:
Art [367]2 years ago
8 0

Answer: $315,000 deferred tax asset

Explanation:

The amount that Dwyer should record as a net deferred tax asset or liability for the year ended December 31, 2007 will be calculated thus:

= ($2400000 – $1500000) × 35%

= $900000 × 35%

= $900000 × 35/100

= $900000 × 0.35

= $315000.

Therefore, the answer is $315,000 deferred tax asset

You might be interested in
Sears and Holiday Inn encountered difficult times because they did not stand out as the lowest in cost, highest in perceived val
Citrus2011 [14]

Answer: (C) Middle of the roaders

Explanation:

According to the given scenario, both of the companies are middle of the roaders as both holiday Inn and the sears are acing the difficulties in their perceived value, lowest in the cost and also in the market segments.

 The main aim of the middle of the roaders is to target the consumers in the middle range of the spending or we can say that income.

 The middle of the roaders is the term which is used to refers to the action that is typically in the midway between the two different type extremes and it basically focuses on the niche marketing segments.  

Therefore, Option (C) is correct answer.  

3 0
3 years ago
The project manager building a swimming pool and clubhouse at a retirement community is reviewing the chronological sequence of
solniwko [45]

The technique that's employed by the project manager is PERT technique.

<h3>What is a project?</h3>

It should be noted that a project simply means a work that's carried out in order to achieve a desired goal.

In this case, since the manager is reviewing the chronological sequence of activities that must be completed on the project, he's using the PERT technique.

Learn more about project on:

brainly.com/question/25009327

4 0
2 years ago
You are preparing a presentation on networking for a professional development seminar that your company is hosting for its emplo
BaLLatris [955]

Answer:

A

Explanation:

Any pattern particularly with audience involvement

Having a friendly audience, any organizational pattern will be appropriate. Using the audience’s familiarity will be to your advantage and that will help you to get them involved with you the presentation. Being warm, pleasant, and open, and using lots of eye contact. Includeing humor and personal experiences in your presentation will make the experience a memorable one.

6 0
3 years ago
A local county is considering purchasing some dump trucks for the trash pickups. Each truck will cost $55,000 and have an operat
lianna [129]

Answer:

35,972

Explanation:

The equivalent annual cost can be calculated dividing NPV by the annuity factor

In order to find NPV first

                                   Year1    Year2   Year3   Year4  Year5         Total

Operating and

Maintenance              18000 21000  24000  27000 30000          -

Discount factor(10%)  0.909   0.826   0.751   0.683   0.620           -

Discounted CFs          16362   17346  18024    18411   18600      88,713

Salvage                                                                          12000  

Discount factor(10%)                                                     0.620

Discounted salvage                                                      7440        (7440)

Inital Cost                   (55,000)                                                      (55,000)

NPV                                                                                                136,333

Calculation for EAC

NPV = 136,333

Annuity factor for 5 years = 3.790

Equivalent annual cost = NPV /Annuity factor

Equivalent annual cost = 136,333/3.790

Equivalent annual cost = 35,972

8 0
3 years ago
On December 31, Strike Company sold one of its batting cages for $20,000. The equipment had an initial cost of $310,000 and had
KonstantinChe [14]

Answer:

d.loss of $30,000

Explanation:

The initial cost of the cage: $310,000.00

Selling price: $ 20,000.00

Depreciation recorded: $260,000.00

calculating book value: (initial cost-Depreciation)

=$310,000-$260,000

Book value =$50,000.00

Profit or loss=selling price- book value.

=$20,000.00- $50,000.00

=($30,000.00)

loss of $ 30,000.00

8 0
3 years ago
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