Answer:
Unearned subscription
2016 deferred tax asset
2017 deferred tax liability
2018 deferred tax asset
Explanation:
The balance sheet account is unearned subscription which is a liability account,
It is a liability because the company already collected cass but is yet to provide the necessary services paid for the by the customers.
Earned subscription account is sales revenue account which is a profit and loss item.
($'000) 2016 2017 2018
taxable income $290 $220 $260
Pretax accounting income ($250) ($240) ($230)
Deferred tax asset/(liability) $40 ($20) $30
When taxable income is more than pretax accounting income, the resulting effect is a deferred tax asset which shows that tax was charged on a higher taxable income which provides tax relief in future.
When pretax accounting income is higher,it implies that tax was calculated on a lower taxable income and that more tax would be incurred in the future when the temporary difference reverses.
Answer:
1 .Price elasticity of demand.
Explanation:
For part (1), the situation which is described above is known as the price elasticity of demand.
For part (2), the formula for determining the percentage change in quantity demanded is:
((New quantity / Old quantity) - 1) * 100.
Hope this helps.
Good Luck.
Answer: $108.24 per machine hour
Explanation:
Given that,
If the company incurs 7,200 machine hours then,
Total variable production quality cost = $556,416
Total fixed production quality cost = $226,008
Variable production quality cost per machine hour:
=
=
= $77.28 per machine hour
If the company incurs 7,300 machine hours then,
Total production cost = variable production quality cost + fixed production quality cost
= $77.28 per machine hour × 7,300 + $226,008
= $564,144 + $226,008
= $790,152
Total production quality cost per unit =
=
= $108.24 per machine hour
Answer: See explanation
Explanation:
• clinical psychologist - Ph.D. with lIcensure or certification, depending on the state in which you Iive.
A clinical psychologist psychologist is someone who is highly trained, experienced and qualified to diagnose and also treat patients with mental issues.
• concierge - on the job training.
A concierge simply refers to an employee in an hotel who assist guests in making reservations and also attend to their needs. They require on the job training to perform their role well.
• cosmetologist - vocational school and state licensure.
The cosmetologist is an individual who works in the beauty industry and their role is to give individuals a better appearance and make them more beautiful. Such people need to go to vocational school and also require state licensure to practice.
• Childcare director- a bachelor's degree In early childhood development.
A childcare director mainly works in schools or educational sector and they help in developing educational programs, supervision of preschool teachers, etc.
Answer:
job 429 -WIP 3040 debit
job 430 -WIP 4020 debit
job 431 -WIP 4740 debit
factory overhead 900 debit
raw materials 12,700 credit
--to record materials requisions--
job 429 -WIP 2,300 debit
job 430 -WIP 3,400 debit
job 431 -WIP 7,900 debit
factory overhead 1,310 debit
wages payables 14,910 credit
--to record wages tickets--
job 429 -WIP 1,426 debit
job 430 -WIP 2,046 debit
job 431 -WIP 4,898 debit
factory overhead 8,370 credit
--to record applied overhead--
Explanation:
job 429 -WIP: 2300 x 62% = 1,426
job 430 -WIP: 3400 x 62% = 2,046
job 431 -WIP: 7900 x 62% = 4,898
total overhead: 8,370