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Ad libitum [116K]
2 years ago
9

The information below pertains to Basselier, Inc.:

Business
1 answer:
wel2 years ago
4 0

Answer and Explanation:

The journal entry to record the tax provision is given below:

Income tax expenses $48,840,000

Deferred tax assets ($10,900,000 ×0.40) $4,360,000

        To Deferred tax liability (($15,900,000 + $1,900,000)×0.40) $7,120,000

          To Income tax payable ($129,000,000 ×0.40) $51,600,000

(To record income tax expenses)  

Here the income tax expense and deferred tax asset should be debited as it increased the asset and expenses and credited the liability & tax payable as it increased the liability  

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Towson Company manufactures book cases, and each requires 28 board feet of lumber. Towson expects that 2,000 and 1,850 book case
MissTica

Answer :

Number board feet of lumber = 54,530

Explanation :

As per the data given in the question,

Number board feet of lumber to buy in June = Number  of units to be produced + Ending inventory required - Opening inventory  needed

= (2,000 cases × 28 board feet of lumber per case) + (1,850 cases × 35% × 28 board feet to lumber per case) - (2,000 cases × 35% × 28 board feet of lumber per case)

=56,000 board feet + 18,130 board feet - 19,600 board feet

= 54,530 board feet of lumber

We simply applied the above formula

4 0
2 years ago
Scrum relies on three key roles. A person who acts on behalf of customers to represent their interests and who is responsible fo
seraphim [82]

Answer:

Product Owner

Explanation:

A product owner is an intermediary between the development team and the users . It evaluates a project from the perspective of a customer by finding out what features of a product will satisfy their needs and and works with the development team in realizing it . It acts to represents the interest of the customers by ensuring that the efforts of the development team focused on developing a project that will fulfill the business objective of the project

5 0
3 years ago
Which of the following is not a tool of Monetary Policy?
abruzzese [7]

Answer:

D. Changes in federal expenditures

6 0
3 years ago
Danny, a longtime hotel manager for Hilton, was meeting with Sara, a regional manager, and telling her about his recent decision
sesenic [268]

Answer: rational decision-making model

Explanation:

Rational decision-making model could be seen as when the decision maker has all alternatives on a decision with much information, with time on their hands and resources to evaluate the various choices thats made available before them.

Danny's choice to go against other people decision and using a detailed and different consideration for the employee decribed he used a rational decision making model, he still believed in the individual when others did not, and this affected his decision and didn't allow that of others to influence him.

8 0
3 years ago
On june 8, williams company issued an $80,000, 5%, 120-day note payable to brown industries. assuming a 360-day year, what is th
lidiya [134]

To calculate the maturity of this note,

we use a simple formula first to get the interest which is:

I = Principal (amount owed) X Interest Rate (%) X Time (length of loan)

The days is only divided by only 360 days instead of 365 days. This is because commercial loans often use 360-day calendar years instead of 365-day calendar years. But not all banks used this as their calendar year,

 

I = Prt

= ($80000) (0.05) (120/360)

= ($80000) (0.01666666666)

I = $ 1,333.33

 

To get the maturity value, the formula is: M = Interest + Principal

M = I + P

= $1,333.33 + $80,000

= $81,333.33 or $81,333, letter C

7 0
3 years ago
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