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Marta_Voda [28]
2 years ago
14

Tax laws permit installment sales, which are recognized in the year of sale for financial reporting purposes, to be reported in

the tax return later when cash is received. This results in a deferred tax liability because taxable income is _______ than financial income in the year of sale, and _______ than financial income in later years when collected. Multiple choice question. higher; lower higher; higher lower; lower lower; higher
Business
1 answer:
Lera25 [3.4K]2 years ago
7 0

Answer:

lower; higher.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

Generally, installment sales are permitted or allowed by the tax laws in a country. Typically, they are recognized in the year of sale for the purpose of financial reporting. Also, installment sales for any goods or services are to be reported in the tax return, at a later time when cash is received from the customer (buyer).

This results in a deferred tax liability because taxable income is lower than financial income in the year of sale, and higher than financial income in later years when collected.

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High levels of both job involvement and psychological empowerment are positively related to ________.A) withdrawal behaviorB) po
Annette [7]

Answer:

The correct answer is letter "C": organizational citizenship.

Explanation:

Organizational citizenship refers to the set of actions employees perform that are not part of their duties but help improve the working environment. These behaviors are usually referred to as the "plus" workers give to their performance even if their paychecks will not see an increase.  

<em>Employees who are committed to their roles and who were empowered by direct supervisors are more likely to show organizational citizenship behaviors.</em>

6 0
2 years ago
Dimitri owns stock in a u.s. publicly traded company. as a stockholder, dimitri is a(n) ______ of the corporation.
Monica [59]

Based on the fact that Dimitri owns stock in a company in the United States which is publicly traded, he is a stockholder which makes him an <u>owner </u>of the corporation.

<h3>What is Dimitri to the company?</h3>

Dimitri is considered to be an owner of the company because owning a share in a company means that you have ownership rights to their stock.

This is called equity ownership and it is the type of ownership that is seen with publicly traded companies such as the one that Dimitri bought shares in.

Because he is a shareholder and therefore an owner, Dimitri has the right to attend annual general meetings and voice his opinion. He also stands to make a capital gain if the share price of the corporation rises.

In conclusion, Dimitri is an owner.

Find out more on publically traded companies at brainly.com/question/14227507

#SPJ1

3 0
2 years ago
Purchases that have substantial social or economic consequences: question 13 options: represent routine purchases that pose litt
lana66690 [7]
<span>Purchases that have substantial sociale or economic consequences represent high-involvement purchase decisions because they require a deep scrutiny phase where positive consequences are compared with negative ones to understand if benefits outweigh losses and are desirable for society.</span>
7 0
3 years ago
Consumers' differing tastes are one reason why monopolistic:____.
ikadub [295]

Answer:

d) competitors are similar to monopolists.

Explanation:

Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.

Also, there is free entry and exit in this market

In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist

hence, the correct option is d.

5 0
3 years ago
Weighted average cost of capital American​ Exploration, Inc., a natural gas​ producer, is trying to decide whether to revise its
saw5 [17]

Answer:

American​ Explorations current​ WACC is 9%

Explanation:

The computation of WACC is shown below:

= (Cost of equity × equity percentage) + (after-tax cost of debt × debt percentage)

= (12% × 50%) + (6% × 50%)

= 6% + 3%

= 9%

Since we have to compute only current WACC so we considered the 50-50 ratio. Hence, we ignored 70% cost of debt

WACC shows a relationship between debt, equity and the preferred stock.

3 0
3 years ago
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