Answer:
Check the following calculations
Explanation:
a). Current portion of income tax expense = Taxable income * tax rate
= $650,000 * 35%
= $227,500
b). Deferred portion of income tax = (Pretax income - Taxable income) * Tax rate
= ($75,000 - $650,000) * 35%
= $35,000
c). Journal entries: image attached
Answer:
It means that tangerines are a substitute good to bananas
Explanation:
Substitute goods are goods that provide the same benefit for the consumer, and therefore, are somewhat interchangeable. When the price of one good rises, then, people flock to the substitutes.
In this case, for Pam, tangerines provide the same benefit as bananas (they are both fruits anyway), and because bananas are now more expensive, she decides to purchase more bananas instead.
Answer: Specialty Product
Explanation: Blue bell cookie represents a typical example of a specialty product to Gwen, because the cookie bears a special place in her heart.
A specialty product is a product that is very special to a consumer and the consumer can go to any length to purchase them.
The micro marketing of firms that are production oriented USUALLY RESULTS IN A BOOST IN SALES AND PROFITS.
Micro marketing refers to a strategy used by some companies to target a small segment of consumers with specific needs for the products of the company. In micro marketing, all advertisement efforts are targeted at the identified group of consumers. The targeted advertisement usually results in increased sales.
Sole proprietorship
Partnership
Incorporation
