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yuradex [85]
2 years ago
9

3. Defending which arguments de you find most competing? Explain your answer.

Business
1 answer:
Gnoma [55]2 years ago
8 0
Hijhvxdx&)knkg*dgfjhgfra36iklkjg5gvjnkjutrsrfhok)gcgbkmkgrsrgikpkugtf(,
You might be interested in
For the year ended December 31, 2021, Fidelity Engineering reported pretax accounting income of $984,000. Selected information f
Sati [7]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1).

Particular Amount ($) Tax rate                  Tax amount($)

Accounting income $984,000  

Less-Interest income on municipal bond -$40,000  

Income to taxation $944,000 $0.25                 $236,000

Less-tax return in excess of depreciation -$64,000 0.25 $16,000

Warranty expenses($30,000-$20,000) $10,000 0.25 $2,500

Taxable income $890,000 0.25 $222,500

Now

Journal Entry

Income tax expense A/c      Dr.$236,000

Deferred  tax asset A/c      Dr.$2500

To Deferred  tax liability A/c   $16,000

To Income tax payable A/c        $222,500  

(Being the income tax  expense for 2021 is recorded )

2 .Net Income of Fidelity = Accounting Income - Income Tax Expense

= $984,000 - $236,000

= $784,000

6 0
3 years ago
The possibility that the failure of one bank can hasten the failure of other banks is called the:
77julia77 [94]

Answer:

Contagion Effect

Explanation:

Contagion Effect is the <u><em>spread of an economic crisis</em></u> from one market or a region to another. It refers the diffusion effect of crisis throughout a market.

Simply put, If a large bank sells off most of its assets quickly, the confidence in other banks declines.

Hence, it's said to have followed the contagion effect, spread of a crisis from one market to another.

3 0
3 years ago
Find the most recent federal deficit as a percentage of GDP of the United States. Suppose that the federal budget deficit was el
erica [24]

Answer:

Government Budget is considered as the prevalent piece of its organization which oversees the income and the use of the US country. The Budget has the goal of guaranteeing the ideal assignment for the open government assistance decisions in the territory of Health, Education, Infrastructure, Defense and Corporate undertakings, and so forth. Despite the fact that US country dispenses gigantic assets so as to spend on social government assistance objectives, it faces the basic circumstance of spending shortage with the significant drop in the GDP in the hour of downturn period.  

The impact on the Long-run capital stock per specialist will be decreased to the impressive impact. The impact will be over the long haul with the activity of overcoming any issues between the work openings and the pace of the amount of the creation units. As it was referenced before that the steady status of Private Savings is reflected in the activity of US national government by disbanding the shortage spending plan. This will turn showed the away from of amount of creation of merchandise and enterprises expanded by giving more motivations and making increasingly corporate based foundation offices to the business people. So it gave ideal work offers to the talented representatives. So we can express the impacts of the since quite a while ago run capital stock per specialist.  

This likewise offers the response for the impact on since quite a while ago run yield per laborers. Greater amount of products and ventures are created by adjusting with the administration spending on country building exercises together with spending for the corporate addition exercises. Corporate Profits are guaranteed here just when the legislature gives sponsorships to the new business people when they produce the merchandise by taking care of the peripheral expense and furthermore expanding the yield relating to the each laborer utilized to create each unit of creation of products and ventures. So it likewise produce over the long haul time frame.

4 0
3 years ago
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
murzikaleks [220]

Answer:

$3,283

Explanation:

Calculation for the overhead cost be added to Job W at year-end

Using this formula

Overhead cost =(Overhead cost / Direct Labor) *Job W Direct Labor

Overhead cost=($6,365 / $9,500) *$4,900

Overhead cost=0.67*$4,900

Overhead cost=$3,283

Therefore the overhead cost be added to Job W at year-end is $3,283

4 0
2 years ago
cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of
ivanzaharov [21]

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

7 0
2 years ago
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