The correct answer is A) $392,000.
The amount should be reported in its 2015 income statement as the current portion of its provision for income taxes is $392,000.
To get this number you have to do the correct multiplication. You take the taxable income and multiply it by the enacted tax rate of the year 2015. So it is $1,400,000 x .28 (that is the 28%. The resulted number is $392,000.
This is how the corporation has to prepare the reconciliation for its first operation year.
The other options of the question were B) 560,000. C) 504,000. D) 720,000.
Answer:
The correct answer is "Required to allow entry or can demand a search warrant and then must allow entry".
Explanation:
I had to look for the problem to know what is being asked and what the options are.
"The U.S. Fish & Wildlife Service arrived at Gibson Guitar headquarters and requested access to all of its records.
Under federal law, Gibson is:"
Gibson can rely on federal law and apply for a search warrant from U.S. Fish and Wildlife Service officials so they can legally enter and inspect their facilities and records. The other option you have is to allow the officers to enter and hand over all permits and records in your domain.
Have a nice day!
Answer:
9.2%
Explanation:
expected return of the investment = potential return x chance of each return happening
Expected return of the investment:
- 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
- 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
- 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
- total expected return = 9.2%
Answer:
the fixed factory overhead volume variance is $1,180 unfavorable
Explanation:
The computation of the fixed factory overhead volume variance is shown below
= (Actual activity - normal activity)× fixed overhead cost per unit
= (3,400 × 1.5 - 5,500) × $2.95
= (5,100 - 5,500) × 2.95
= 400 × 2.95
= $1,180 unfavorable
Hence, the fixed factory overhead volume variance is $1,180 unfavorable
Simply we applied the above formula so that the correct amount could come
<u>Answer:</u>
<u>Assertion </u>area of individual competence is lacking in the given scenario
<u>Explanation:</u>
Building up a group or team is a helpful way to deal with achieving success. When created and run successfully, a group can be implemented to pool the thoughts and encounters of its individuals looking for an aggregate result. Organizations of different kinds can profit by crafted by groups. A successful group must have the option to share challenges and furnish individuals with input.
Here, in the given scenario, the group leader exerts the feedbacks in a vague and an indirect manner. This creates a sense of confusion among the team and they lack a clear picture of what is happening. This hinders them from asserting their mistakes. By sharing problems and by giving clear feedbacks, one can increase their productivity and they become powerful issue solvers through a worked together exertion.
