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3 years ago

Mark the example as ethical behavior, unethical behavior, or conflicts of interest:

Business

2 answers:

NikAS [45]3 years ago

5 0

Answer:

Just here to keep the question going

Explanation:

Setler [38]3 years ago

4 0

Answer:

the answer is unethical behavior

Explanation:

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Q 8.3: voight company's account balances at december 31 for accounts receivable and allowance for doubtful accounts were $1,400,

S_A_V [24]

Would do for more points

7 0

3 years ago

For the year ended December 31, 2021, Fidelity Engineering reported pretax accounting income of $978,000. Selected information f

olchik [2.2K]

Answer:

1. Income tax payable for 2021 = (Pretax accounting income - Interest income on municipal governmental bonds - Depreciation + (Warranty expense reported - Actual Warranty) ) * Income Tax rate

= (978,000 - 32,000 - 58,000 + (26,000 - 10,000)) * 25%

= $226,000

Income tax expense for 2021 = (Pretax Income - Interest income on municipal governmental bonds) * 25%

= (978,000 - 32,000) * 25%

= $236,500

Deferred tax asset - Warranty

= (Warranty expense reported - Actual Warranty) * Income Tax rate

= (26,000 - 10,000)) * 25%

= $4,000

Deferred Tax liability

= Depreciation * Income Tax rate

= 58,000 * 25%

= $14,500

Journal entry

DR Income Tax Expense $236,500

Deferred Tax Asset $4,000

CR Income Tax Payable $226,000

Differed Tax liability $14.50

2. Net Income

= Pretax Accounting Income - Income tax expense

= 978,000 - 236,500

= $741,500

7 0

3 years ago

At the end of the year, the Accumulated Depreciation – Equipment account was closed with a debit of $5,500 to Accumulated Deprec

Galina-37 [17]

Answer:

Corrected Entry

Depreciation Expense$5,500 Dr

Income Summary $5,500 Dr

Accumulated Depreciation – Equipment $11,000 Cr

Explanation:

Entry Posted

Accumulated Depreciation – Equipment $5,500 Dr

Income Summary $5,500 Cr

Required Entry

Depreciation Expense$5,500 Dr

Accumulated Depreciation – Equipment $5,500 Cr

Corrected Entry

Depreciation Expense$5,500 Dr

Income Summary $5,500 Dr

Accumulated Depreciation – Equipment $11,000 Cr

This entry is made to correct the actual entry done. In this entry the depreciation expense is debited and accumulated Depreciation is credited with twice the original value to counter effect the wrong entry . Also income summary is debited with the amount wrongly credited.

8 0

3 years ago

ou invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national populati

Pie

Answer: refine your approach by going back to the drawing board

Explanation:

Based on the information given, since after reviewing what identifies an ideal market, it's realize that the segmentation approach does not meet any of the effective segmentation conditions, then one should refine their approach by going back to the drawing board.

When this is done, one can then restrategize and then choose a segmentation approach that meets the effective segmentation conditions.

3 0

3 years ago

You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $24,000

den301095 [7]

Answer:

$3,286.52

Explanation:

Interest rate per annum = 12.00%

Number of years = 25

Number of compounding per per annum = 1

Interest rate per period (r) = 12.00%

Number of periods (n) = 25

Payment per period (P) = $24,000

PV of $24,000 payments after 20 years = P * [1 - (1/(1+r)^n)]/ r

PV of $24,000 payments after 20 years = 24000*[1-(1/(1+12%)^25]/12%

PV of $24,000 payments after 20 years = $188,235.34

Interest rate per annum = 10.00%

Number of years= 20

Number of payments per per annum = 1

Interest rate per period (r) = 10.00%

Number of periods (n) = 20

Future value of annuity (FVA) = $188,235

Annual contribution (P) = FVA/ ([ (1+r)^n - 1] / r)

Annual contribution (P) = 188235/(((1+10%)^20-1)/10%)

Annual contribution (P) = $3,286.52

5 0

3 years ago