normal. This was fill in the blanks right? Next time you ask a fill in the blank question you should use underscores where the missing word is.
Answer:
d. temporary
Explanation:
Competitive advantage refers to a competitive edge a firm gains over it's competitors by offering better value via it's products or by offering such products at reduced prices.
Competitive advantage results out of a unique or specific methods of production which is more efficient than the competitors and most importantly which cannot be imitated by competitors.
In the given case, the advantage which has accrued is on account of organic method of raising chickens and organic seasonal produce. These advantages are momentarily as, soon other restaurants shall follow suit and gradually these shall disappear.
Answer:
$7,200
Explanation:
West should recognize 6 months of rent during 2004 = $36,000 x 6/12 = $18,000
So West will recognize the remaining $18,000 in rent during 2005, but it decided that the operation will be taxed completely during 2004.
Since the future taxable income will be less than the future pre-tax accounting income be $18,000, then they must report a deferred tax asset = $18,000 x 40% = $7,200
The current tax rate is lower than the future tax rate, but West has to record its tax asset based on the future tax rate, not the current one.
Answer:
opopportunity cost is the value of the next best alternative or option. this value may not be measure on money
value can also be satisfaction. one formula to calculate opportunity cost could be the ratio of what you are sacrificing to what you are going
Answer:
salaries expense 33600
income tax payable 3360
FICA payable 2570.4
SUTA 9
FUTA 7.2
salaries payables 27653.4
Explanation:
accumulated current Income Tax FICA State Federal
Will 6700 800 80 61.2 3 2.4
Raye 6400 700 70 53.55 6 4.8
Baker 7500 1100 110 84.15
Lopez 13800 2000 200 153
Daniels 107800 11800 1180 902.7
Kingston 113200 <u>17200 1720 1315.8 </u>
33600 3360 2570.4 9 7.2
