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3 years ago

Differences between financial statement and taxable income were as follows:

Business

1 answer:

pychu [463]3 years ago

6 0

Answer:

Deferred tax liability = $26,000,000

Explanation:

The deferred tax liability is calculated at the tax rate of 40% on the future taxable income:

Deferred tax liability = $104,000,000*25%

Deferred tax liability = $26,000,000

Thus, $260,00,000 is the deferred tax asset or liability amount to be reported in the balance sheet as current or long term.

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Is a general decline in prices throughout an economy

solniwko [45]

Dry and liquid media

8 0

3 years ago

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) ha

Mekhanik [1.2K]

Answer:

See explanation section

Explanation:

Requirement A

Cash Debit $253,000

Sales revenue credit $253,000

Note: To record the sales on cash with no terms and conditions

Cost of goods sold debit $141,870

Merchandise inventory credit $141,870

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory journals.

Requirement B

Customer refunds payable debit $1,600

Cash credit $1,600

Note: Campus Stop, Inc. refunded cash to the customer because of unsatisfactory merchandise.

Merchandise inventory debit $650

Estimated returns inventory credit $650

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory returned journals.

Requirement C.

Accounts receivable debit $10,000

Sales revenue credit $10,000

Note: To record the sales on account with no discounting terms but has to receive the payment within 30 days.

Cost of goods sold debit $4,500

Merchandise inventory credit $4,500

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory journals.

Requirement D and E.

D. Cash Debit $5,000

Accounts receivable Credit $5,000

Note: Collected half of the balance owed by the customer in transaction c.

E. Cash debit $3,400

Merchandise inventory debit $1,600

Accounts receivable credit $5,000

Note: Receive the remaining payment from the customer by granting a discount assuming the buyer paid the remaining part earlier than expected.

5 0

3 years ago

If the price elasticity for frappuccinos is 0.6, by how much would unit sales drop?

shusha [124]

Frappuccinos drop in unit sales = 3.87%

Price elasticity for frappuccino = % change in quantity demanded / % change in price

% change in quantity demanded = Price elasticity for frappuccino * % change in price

= 0.6 * 6.45%

= 3.87%.

Frappuccinos are almost always loaded with fat, sugar, and calories, except for the Coffee Light Frappuccino, featured as one of the healthiest Starbucks drinks on this list. All four of Starbucks' unhealthiest drinks are frappuccinos.

Frappuccino is a Starbucks trademarked iced coffee drink. This drink is a coffee or cream base mixed with ice and other ingredients such as flavors, syrups, spices, and whipped cream.

Learn more about Frappuccino at

brainly.com/question/16226185

#SPJ4

8 0

1 year ago

When delivering an oral presentation, you should: A. Use your prepared remarks as a script. This means that you will need to mem

icang [17]

Answer:

Explanation:

Coming out from behind the podium helps to minimize barriers between you and the participants, so that way your presentation is more likely to be heard or accepted. On the contrary, standing behind the podium will put you in a place of authority and it will make it difficult to empathize with who's listening and to give them a chance to participate.

The answer A, is not correct because you have to study your presentation but not memorize the content. If you memorize the content as an a script it will be more likely to forget some things.

It's good to make eye contact as described in answer B, however, if you maintain eye contact with just one person, you leave the other participants out, and will make it difficult to cut the barriers with them.

At last, the answer C is wrong because if you stay in a fixed position, you won't be comfortable to stay loose and make your presentation more distended.

Hope it will help you!

7 0

3 years ago

Which of the following is a reason advertising can be economically wasteful? Advertising provides consumers with price and quali

Hitman42 [59]

Answer:

The correct answer is advertising manipulates the tastes of people and can reduce or decrease the competition.

Explanation:

Advertising is the source through which the company or the firm promote the product or a service of their business, so that the customers could be make aware of the products and the services offered by the firms.

It manipulates the taste of the people by establishing a desire and impedes the competition through increasing the perception of the product differentiation.

4 0

3 years ago