Answer:
$1,620,000
Explanation:
Assume that Sharp operates in an industry for which NOL carryback is allowed.
In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000
There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.
The enacted income tax rate was 25% in 2019 and 30% thereafter.
In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000
Answer:
B) increase; decrease
Explanation:
According to the liquidity preference theory interest rates are determined by the supply and demand of money. So when the money supply is tightened it decreases the supply of money, which shifts the supply curve of money to the left and therefore interest rates increase. According to the fisher effect tightening the money supply will decrease the nominal interest rates in the long run because in the long run according to fisher interest rates and inflation rates move in the same direction, so when the money supply is tightened the inflation rates also fall because people spend less money and therefore when inflation is falling nominal interest rates also decrease.
A traditional life insurance policy pays the beneficiaries of the policyholder at the time of the policyholder's death, whereas an endowment policy pays the insured if he or she is alive on the future (maturity) date named in the policy.
There are two different types of life insurance policies that policyholders may opt for depending on the policyholder's needs and requirements at the time:
- A traditional life insurance policy pays the beneficiaries of the policyholder at the time of the policyholder's death.
- An endowment policy pays the insured if he or she is alive on the future (maturity) date named in the policy.
- The maturity date specifies the time period in an endowment life insurance policy.
- An endowment policy is different from a life insurance policy in that it allows the policyholder to save regularly over a period of time as the period of endowment in the life insurance matures.
- The essential difference between a traditional life insurance policy and an endowment policy is that the former pays the beneficiaries at the death of the policyholder, while the latter pays the insured if the policyholder is alive on the maturity future date named in the policy.
Therefore, a traditional life insurance policy pays the beneficiaries of the policyholder at the time of the policyholder's death, whereas an endowment policy pays the insured if he or she is alive on the future (maturity) date named in the policy.
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When students who school abroad find out goods which are not in their home countries in their host country, then they would:
- develop start up financing to become importers of that product.
- work with native producers to import the products to their home countries.
<h3>What is Import?</h3>
This refers to the quantity of goods which come into a country from another country mainly because the other country can produce the goods or the goods are cheaper to import.
With this in mind, we can see that if students who attend colleges abroad notice opportunities to import the goods from where they are to their home countries and they would have to develop some start up capital or finance.
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