For every problem-solving activity it is crucial that no less than five alternatives be considered.

Typical Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2017, when the tax rate was 40%. T

Alex_Xolod [135]

Answer:

Income tax expense (Balancing figure) $13,200,000

To Deferred tax liability (8% × $15,000,000) $1,200,000

To Income tax payable ($30,000,000 × 40%) $12,000,000

(Being the income tax expense is recorded)

Explanation:

The compound journal entry is shown below:

Income tax expense (Balancing figure) $13,200,000

To Deferred tax liability (8% × $15,000,000) $1,200,000

To Income tax payable ($30,000,000 × 40%) $12,000,000

(Being the income tax expense is recorded)

For recording this, we debited the income tax expense as it increased the expenses and at the same time it also increased the liabilities i.e deferred tax liability and income tax payable so it would be credited

6 0

3 years ago

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the

Reika [66]

Answer:

Instructions are below.

Explanation:

We were provided with the activity rates. To calculate the total cost, first, we need to allocate overhead to both product lines:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product K425:

Allocated MOH= (6*80) + (4*100) + (50*1) + (90*1) + (14*1) + (9*80)

Allocated MOH= $1,754

Product M67:

Allocated MOH= (6*500) + (4*1,500) + (50*4) + (90*4) + (14*10) + (9*500)

Allocated MOH= $14,200

Now, we can calculate the unitary cost:

Product K425:

Unitary cost= 13 + 5.6 + (1,754/200)

Unitary cost= $27.37

Product M67:

Unitary cost= 56 + 3.5 + (14,200/2,000)

Unitary cost= $66.6

7 0

3 years ago

Tasteequik Food markets one line of food products to consumers looking for meals that are very simple and quick to prepare. Tast

Stolb23 [73]

Answer:

Letter A is correct. Benefit segmentation.

Explanation:

Benefit segmentation is a marketing strategy that consists of dividing your audience according to the benefits or advantages perceived by the consumer when purchasing a product or service. Segmentation can occur according to various variables such as performance, customer service, special features, quality, and more.

There are several benefits added to this benefit segmentation strategy, especially the conversion of interest in the product or service into new customers, as well as customer retention and satisfaction.

To be successful and achieve the benefits described, segmentation must be designed and targeted to create marketing and advertising that engages the customer and assists in building brand value.

4 0

3 years ago

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago

A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th

RSB [31]

Answer:

Annual Financial advantage $ 550

Explanation:

Computation of income/loss on special order

Unit product costs

Normal product costs $ 19.20

Incremental variable costs $ 1.30 per unit $ 1.30

Total product costs $ 20.50

Revenues per unit $ 26.00

Profit per unit $ 5.50

Sales Units 2,100 units

Total incremental profit on order $ 11,550

Less; cost of moulds $ 11,000

Incremental profit on S 47 order $ 550

3 0

4 years ago

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