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3 years ago

When discussing organizational structure, the terms narrow and wide are used to describe

1 answer:

8 0

When discussing organizational structure, the terms narrow and wide are used to describe the span of control in the organization.

When it is said to be wide, or have a large width, it means that the organizational structure in the organization is with a very large span of control.

But when it is said to be narrow, what it means is that the structure in this organization is with a smaller span of control

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A warranty that is created when a seller or lessor makes an affirmation that the goods he or she is selling or leasing meet cert

Y_Kistochka [10]

Answer:

d) Express warranty

Explanation:

Express warranty refers to the sort of warranty wherein the seller explicitly or clearly guarantees for the quality, reliability and durability of his product.

The seller in such cases expressly claims that if products do not meet the standards or quality as claimed by him, such products would be either repaired free of cost or replaced by another similar functional product.

For instance, in case of many watches, an express warranty written statement is accompanied and stamped by the dealer. In case the watches do not meet the mentioned claims, they are either repaired free of cost or replaced.

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3 years ago

Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 perce

blagie [28]

Answer:

$938.82

Explanation:

The present value of the amount $1,150 using different discount rates in year one, two and three shall be determined using following mentioned method:

Present value of $1150 at the end of year 2=$1,150(1+8%)^-1=$1064.81

Present value of $1150 at the end of year 1=$1064.81(1+7%)^-1=

Present value of $1150 at the end of year 0=$995.15(1+6%)^-1=$938.82

5 0

4 years ago

Grand River Corporation reported pretax book income of $700,000. Included in the computation were favorable temporary difference

Oliga [24]

Answer:

The income subject to tax is 470,000

Income tax expense 105,000 debit

Income tax payable 98,700 credit

Income tax liability 6,300 credit

DISCLAMER:

We aren't given any tax-rate thus we calculate based on the 2020 tax for corporation which is 21%

Explanation:

The permanent difference will be ignored as they are permanent will not produce tax liability or tax assets in the future.

favorable temporary difference 200,000

unfavorable temporary difference (170,000)

net favorable temporary difference 30,000

In the current period, the company will pay for a tax-base 30,000 less

but, in the future this difference will settle this, I will create a tax-liability

30,000 x 21% = 6,300

income subject to income tax:

book income 700,000

permanent difference (200,000)

accounting taxable income 500,000

temporary difference (30,000)

Taxable Income 470,000

Income tax expense: 470,000 x 21% = 98,700

income tax expense: 500,000 x 21% = 105,000

6 0

3 years ago

Protective Covenants are:

MaRussiya [10]

Answer:

The correct answer is C. All of the above .

Explanation:

A protective covenant is there to ensure that the lenders interests are protected and that the recollect of the loan is possible.

Both of the answer a and b are expressing this in different ways.

5 0

4 years ago

Read 2 more answers

When reported in financial statements, a LIFO allowance account usually:

son4ous [18]

Answer: 2

Explanation: The LIFO is known as last in and first out. It is when the last purchased inventory is sold first.

The LIFO allowance account is derived by subtracting LIFO inventory carrying amount from what the inventory would have been under THE FIFO inventory system.

Therefore, LIFO reserves + LIFO inventory = FIFO inventory system.

FIFO is known as the first in, first out inventory system. It is when the inventory purchased first is disposed of first.

The LIFO allowance account is required to be disclosed by the US GAAP. It is recorded either in the balance sheet or in the notes to the financial statement.

I hope my answer helps.

Goodluck

6 0

3 years ago