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Genrish500 [490]
2 years ago
11

g reported pretax accounting income of $860 million for the current year. Depreciation reported in the tax return in excess of d

epreciation in the income statement was $1,140 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% will be reduced under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liability related to the excess depreciation will be:
Business
1 answer:
Llana [10]2 years ago
6 0

Answer: $380 million

Explanation:

To solve the question, first we have to calculate the depreciation that'll be reported for each year and this will be:

= $1140 million/3 years

= $380 million

Then, the deferred tax liability related to the excess depreciation will be:

= ($380 million × 30%) + ($380 million ×

35%) + ($380 million × 35%)

= $114m + $133m + $133m

= $380 million

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A(n) _____ is defined as a small number of people with complementary skills who hold themselves mutually accountable for pursuin
makvit [3.9K]

Answer: A work team

Explanation: A work team is a group of employees that works semiautonomously on recurring tasks. Work teams are most useful where job content changes frequently and employees with limited skills and a specific set of duties are unable to cope. In a work team , a small number of people with complementary skills who hold themselves mutually accountable for pursuing a common purpose, achieving performance goals, and improving interdependent work processes. Contemporary businesses thrive with the use of work teams in creating products, solving problems and developing alternatives. There are many ways that work teams add to the productivity and success of a company. Work teams are most efficient when job content changes and expert advice are needed to complete a set of work with different skills. Functional, cross-functional, and self-managing teams are the three different types of teams that can be found within a company. Each has its own specific goals and objectives. Accomplish projects - Many workplace tasks are too complicated for one employee to complete. The work team allows larger, more complicated projects to be completed and work teams allow many different viewpoints, which correlate to many different options in solutions.

8 0
3 years ago
What is a pestle analysis for an escape room
Irina-Kira [14]

Answer:

The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.

Strengths

Relatively easy entry and low capital outlay.

Unique themes

Variety of difficulty levels

Game masters trained for role-playing and excellent customer service

Location is close to customers and relatively far from competitors

Regular changes to clues and puzzles

Weaknesses

Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.

New to the area and market

Brand not well established

Limited capital

Opportunities

Reach a customer geography not yet catered for

Growing industry and popularity of mystery rooms

Unlimited number of new themes, game, and clues

Low barriers to entry

Threats

Another new entrant or current supplier expansion could potentially hurt market share.

While we do have a backup, the website could go down for technical reasons.

Sales tied to economic growth.

Game mechanism not protected under U.S. intellectual property law

Established companies expanding into the City

Explanation:

7 0
3 years ago
Cash and Carry is a store that carries food, clothing, and household goods at lower price margins than other nearby stores. Ther
bagirrra123 [75]

Answer: Discount store

Explanation: As the name suggests, discount store is the store in which the prices of general products are lower than other retail shops.

            These stores makes it possible to provide such discounts by purchasing in bulk from the intermediary, or direct purchase from the producer or by cutting the cost of other services provided.

So, from the above we can conclude that cash and carry is a discount store.

7 0
3 years ago
Brainliest Answer!! What Type of competitive situation is this?
Ann [662]

A. Pure competition

Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.

Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.

5 0
3 years ago
What characteristic is somewhat shared by perfect competition and
kakasveta [241]

Answer:

Ease of entering

Explanation:

The main difference between perfect competition and monopolistic competition is that firms sell a similar product in perfect competition. In monopolistic competition, firms sell differentiated products.

In both market structures, their many seller and buyers. There is the ease of entry and exit for suppliers. In both markets, there are no dominant suppliers.

8 0
3 years ago
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