The marginal tax rate is the number that the government sets for people to pay. The effective tax rate is the number that people actually pay for their taxes after deductions.
Answer:$277,000 should be reported by Kean.
Explanation:
Amount of investment Kean should report = Original cost of investment + share of net income of investors -share of investors dividend.
But ,
share of net income of investors = 30% of net income reported by Pod
= 30 % x $100,000= $30,000
share of investors dividend= 30% of dividend declared by Pod company
= 30 % x 10,000 = $3000
Therefore,
Amount of investment Kean should report = $250,000 + $30,000 - $3,000
=$277,000
Answer:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Explanation:
The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.
But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000
That way the ending balance = $6,000 - $1,200 = $4,800
The journal entries should be:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Answer: This is an example of<em><u> "paid display" </u></em>type of Internet advertising
Paid display or pay-per-click advertising, is an effortless, inexpensive way to compass the right masses.
Here, When Phil clicked on the ad, it took him to a different website where the skateboards were listed for sale. Thus targeting the right audience with right ad.
Answer:
$208,000
Explanation:
Calculation for fixed overhead applied
Using this formula
Fixed overhead applied =Budgeted Fixed overhead+Fixed overhead volume variance
Let plug in the formula
Fixed overhead applied =$200,000+$8,000
Fixed overhead applied=$208,000
Therefore Fixed overhead applied must be $208,000
