Answer:
104 million
Explanation:
A = Income from continuing operations before tax
B = Accrued warranty expense in excess of expense included in operating income
C = Depreciation deducted on tax return in excess of depreciation expense
D = Nondeductible portion of entertainment expense
E = Applicable enacted tax rate for all periods
Tax payable = (A - B - C + D) * E
Tax payable = (250 - 10 - 15 + 10) * 40% = 235 * 40% = 94 million
Deferred tax = (B + C) * E
Deferred tax = (10 + 15) * 40% = 25 * 40% = 10 million
Total tax expense = Tax payable + Deferred tax
= 94 million + 10 million = 104 million
Hope this helps!
Answer:
<u>Basic underlying assumptions</u><u> </u> are the taken-for-granted beliefs and philosophies that are so ingrained that employees simply act on them rather than questioning the validity of their behavior in a given situation.
I hope I helped you^_^
Answer:
See explanation for the answer.
Explanation:
1.
Balances of bonds payable, bond investment, interest income and interest expense are to be considered
Proceeds from for bonds (1400000*50%*0.95) 665000
Carrying value of bonds
Face value (1400000*50%) 700000
Unamortized premium (8/10*(1400000*50%*0.09)) 50400
Carrying value 750400
Gain on retirement of bonds 85400
2.
General journal Debit Credit
Bonds payable 700000
Premium on bonds payable 44100
Interest income 74375
Investment in bonds (665000+4375) 669375
Interest expense 63700
Gain on retirement 85400
Answer:
Yes.
Explanation:
Market rate of exchange of jello for pie:
= Price of a piece of apple pie ÷ Price of jello
= $3.75 ÷ $1.25
= 3.00
At his current consumption point, Nick's marginal rate of substitution (MRS) of jello for pie = 3
Since MRS = Px/Py, hence, at this point of consumption bundle he is having a maximum level of utility.
Therefore, there is no need to change his consumption bundle because he is already at his maximum level.
E
I hope this helps and have a wonderful day filled with joy!!
<3