Answer:
Lets shape the question so it makes some sense.
<em>Warranty costs amounting $500,000 were recorded in 2018 Income statement. However, the warranty tax deduction is not allowed until payment occurs in future years. Disscuss accouting implication</em>
See detail answer below.
Explanation:
As per tax laws warranty provision is not allowed as deductible expense only warranty cost incured/paid during the year is allowed deduction when computing taxable income.
So the company shall recoginze defferd tax asset for this expense in current year. Following entries will be made by the company for financial accounting purpose.
Deffered Tax Asset Debit $125000
Deffered Tax Income $125000
(Assuming applicable tax rates is 25%)
The next year when the warranty claim will be incured/paid the company will reverse the above entry and can claim tax deduction against this waranty cost paid but not on provision basis.
The idea that people like to save more money at higher interest rates and do not like saving as much money at lower interest rates results in a upward sloping supply curve in the loanable funds market.
Interest is charge from a borrower or deposit-taking monetary institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. it is wonderful from a rate which the borrower may additionally pay the lender or some 1/3 birthday party.
Interest is the rate you pay to borrow cash or the price you rate to lend cash. interest is most usually reflected as an annual percentage of the amount of a loan. This percent is called the hobby fee on the mortgage.
Learn more about interest here:brainly.com/question/2294792
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Answer:
the nominal wage rate in 2005 and in 2006 is 15.98 and 16.61 respectively
Explanation:
The computation of the nominal wage rate in 2005 and in 2006 is shown below:
For the year 2005
= $8.18 × $195.3 ÷ 100
= 15.98
And, for the year 2006
= $8.24 × 201.60 ÷ 100
= 16.61
In this way it should be calculated
hence, the nominal wage rate in 2005 and in 2006 is 15.98 and 16.61 respectively
Answer:
All of these.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Over the years, customers have become increasingly anxious about breaches of privacy and compromise of their data by business firms. Thus, it is essential for marketing researchers to;
I. Conceal or hide consumers' addresses (both work and home) and phone numbers when they share information on any platform.
II. They should only share customer information with the sales department for follow-up.
III. Respect and protect the privacy of all of their customers without question or recourse.
IV They should always refer to the company's code of ethics so as to determine what information are permitted to be released for public consumptions.
Answer:
C. not change, and the price received by sellers will not change.
Explanation:
Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.
The effect of chaging the law will not alter the economic reality of translate taxes into consumers
