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3 years ago

Why is it important to understand that the amount cash paid for taxes is different than the amount of income tax expense?

1 answer:

6 0

Answer: To know the amount of tax the business should pay from reported profit which is different from it's actual tax bill

Explanation:

Income tax expense could be described as what is calculated that the company owes in taxes according to accounting rules. They are reported on the income statement.

While Income tax payable is described as the actual amount the company owes in taxes based on the rules of tax code. They appear on the balance sheet of the company accounting documents until the bills are cleared off or paid.

The reason for understanding the difference is to know the amount of tax the business should pay from reported profit which is different from it's actual tax bill

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Because General Electric is a ____ corporation, Todd Barrow can purchase stock with the help of an account executive through the

dexar [7]

The correct answer is : Public

purchasing stock through Secondary market means that an investor could purchase the stock from other investors, ( usually through stock exchange)
currently, only Public corporations could sell their stocks in the stock exhange

5 0

3 years ago

Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr

vaieri [72.5K]

Answer:

The adjustment causes an increase in an asset account and an increase in a revenue account.
Accounts receivable is usually increased when accruing revenues.
They refer to revenues that are earned in a period, but have not been received and are unrecorded.
They refer to earnings which have been earned but not yet billed.

Explanation:

Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.

6 0

3 years ago

The residents of Bucktown, Illinois, place their trash at the curb each Wednesday morning to be picked up by Municipal Crews. Ex

svetoff [14.1K]

Answer: 8.56crews

Explanation:

To get critical fractile probability SL,

We stock up the local trash collection capacity.Cost of overstocking by 1 ton =MC = 625/5 = $125Cost of understocking by 1 ton = additional cost of using outside trash pick up = MB = $650-$125 = $5

SL = Prob(RQ) = MB /( MB + MC) = 525/(125 + 525) = 0.8077 appropriate # of crews = 8.56 crews

8 0

3 years ago

James Bright's company seeks markets all over the world and attempts to sell products that are a result of planned production fo

drek231 [11]

Answer: (D) International marketing

Explanation:

The international marketing is the process of satisfying the actual needs and the requirement of the different types of people inside and also outside the national borders.

The following are the various types of international marketing benefits are:

We can use the global web strategy
Direct investment
Export the various types of products and the services easily

According to the given question, the international marketing is one of the stage which best characterized the Mr.Bright company in the market. Therefore, Option (D) is correct.

4 0

3 years ago

Which of the following terms best represents voluntary actions that violate significant organizational norms and, in doing so, t

Oksi-84 [34.3K]

Answer:

The correct answer is (B)

Explanation:

Deviant workplace behaviour is a voluntary action of the employees that negatively affects the organisational structure and operations. It is a counterproductive behaviour in which employees do not put all the efforts into work and sometimes even withdraw. It goes against the legitimate interest and well-being of an organisation. It also affects other employees, firms and clients.

6 0

3 years ago