Answer:
The correct answer is (C)
Explanation:
In today's competitive environment firms and organisations are producing similar goods and services and offering them to the customers at almost the same prices. This has resulted in low market share due to no barriers to entry. The only aspect which can help companies to grow market share is to improve the quality of goods and services. Quality of goods and services is the only thing now consumers want.
Answer:
Amortization of the discount at December 31, 2020 will include: a debit to interest expense for $8,200.
Explanation:
Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Since the face value of the note was $511,000 and the inventory was $498,700, then discount on the note is $12,300.
Amortization of the discount at December 31, 2020 will include: $12,300 / 3 x 2 months = $8,200.
Specific
Measurable
Agreed upon
Realistic
Time
Answer:
27.2 Million
Explanation:
Taxable Income = pretax accounting income + warranty expense + depreciation expense - warranty costs were incurred - MACRS depreciation
Taxable Income = 90 + 8 + 19 - 7 - 42
Taxable Income = $ 68
Centipede's income tax payable = Taxable Income*tax rate
Centipede's income tax payable = 68*40%
Centipede's income tax payable = $ 27.20 Million
Therefore the answer c) 27.2 Million
