Answer:
$42,000
Explanation:
Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.
Insurance expense of $210,000
Tax rate of 20%
( $210,000 × .20 )
=$42,000
Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000
Answer: $360,000
Explanation:
To solve the question, we needed to calculate the cost of goods sold first. This will be:
= Beginning Inventory + Purchases - Ending Inventory
= $280,000 + ($720,000 - $60,000) + $240,000
= $280,000 + $780,000 + $240,000
= $820,000
The net income or net loss will then be:
Sales = $1,880,000
Less: Cost of goods sold = $820,000
Gross profit = $1,060,000
Less: Operating expenses = $700,000
Net income = $360,000
The net income is $360,000
ROE = 15.40 is the right answer.
ROE = (profit margin x asset turnover x equity multiplier)
ROE = (7 x 1.63 x 1.35)
ROE = 15.40
<h3>What is Return on Equity?</h3>
The efficiency of a company's management team in managing the capital that shareholders have invested in it can be gauged by investors using the ratio known as return on equity (ROE). In other words, return on equity evaluates how profitable a company is in comparison to the equity held by stockholders. A company's management is more effective at generating revenue and growth from its equity financing the higher the ROE.
Using ROE, one may assess a business's position in relation to the market and its rivals.
The method is especially useful when comparing businesses in the same industry since it can be used to evaluate almost any company with a focus more on tangible than intangible assets and to identify which businesses are more financially efficient.
Shareholder equity divided by net income is referred to as the return on equity (ROE).
Before common-stock dividends are paid, the bottom line profit shown on an organization's income statement is known as net income. An alternative to net income is free cash flow (FCF), which is another measure of profitability.
Thus, ROE is a financial measuring tool for any business.
For more information on ROE, refer to the given link:
brainly.com/question/27821130
#SPJ4
Answer:
a. over 100,000
b. is more than 8 times
Explanation:
a.
Cost of four-year bachelor degree = Actual cost + opportunity cost
And
Actual cost = amount spent
opportunity cost = amount lost in not doing job just after high school
So ,
opportunity cost would be the 4 year salary of a high school graduate.
∴
Opportunity cost = 4 * yearly income of high school graduate
= $ 4 * 33900
= $ 135,600
Actual cost = 4 * yearly cost to attend college
= $ 4 * 25,290
= $ 101,160
As,
Total cost = Actual cost + opportunity cost
= $ 101,160 + 135,600
= $ 236,760
b.
Lifetime gain in pursuing bachelor degree over high school = life time earning of bachelor - lifetime earning of high school graduate
= 2,444,500 - 1,593,300 = 851,200 $
Hence,
the expenses of obtaining a bachelor degree is worth it because the increase in lifeime earning exceeds cost. [ cost = 236,760 $ , gain = 851,200 $ ]
So,
The expense of obtaining a bachelor's degree worth it because the increase in lifetime earnings is more than 8 times the cost
Answer:
The correct answer is letter "C": Funds that arise out of normal business operations from its suppliers, employees, and the government, and they include immediate increases in accounts payable, accrued wages, and accrued taxes.
Explanation:
Spontaneous funds are all those incomes that a company receives without expecting them. The money can be received from different internal and external sources but they imply obligations. It means taxes are likely to be deducted after reporting the income in the firm's accounting books.
