Answer:
Operating income will be decreased by $19,000
Explanation:
Prior to elimination of Chicago branch Loss = $3,000
After eliminating chicago branch (Unavaoidable fixed costs will still be incurred) loss = $22,000
Difference = $3,000 - $22,000 = $19,000(decrease)
Answer:
correct option is Budgeting forces management to plan for the future.
Explanation:
The budget depends on the control cycle to design the planning cycle for future action. Because budget is the only way to compare reality in determining performance evaluation, but budget is not in the nose of planning the future
so correct option is Budgeting forces management to plan for the future.
Answer:
The answer is: Stone can report $8,750 as deferred income tax liability
Explanation:
Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.
The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.
To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.
<span>To find the cost of going to this college in four years, sum all the values given (9350 + 8630 + 1650 + 2140 + 1110), which gives $22,880 for attending. Subtracting 4500 for grants and 8630 for not having to live on-campus gives a value of $9750 required. Dividing this value by 48 months (the time left before he begins attending) gives an approximate value of $203.13 needed to be saved per month without any interest being added. To make sure that Caleb has enough if the $3.13 per month isn't made up by interest down the line, $300 should be saved each month.</span>
The last one will be the answer
