Answer:
$140,880
Explanation:
Taxable Income:
= Pre tax financial income - Interest income from municipal bond - fine for dumping hazardous waste + Depreciation as per books - Depreciation as per income tax
= $553,000 - $74,000 - $25,000 + $62,400 - $46,800
= $469,600
Therefore,
Income tax payable = Taxable Income × Tax rate
= $469,600 × 30%
= $140,880
1. Thinking 2. Imagining 3. Writing it down
Answer:
The correct answer is number "2": False.
Explanation:
According to the case:
- <em>Units on hand: </em><em>20</em>
- <em>Units planned for sale: </em><em>100</em>
- <em>Units desired as pending inventory: </em><em>10</em>
- <em>Units planned for purchase: </em><em>x</em>
Thus,
<em>Total inventory</em><em> = Units planned for sale + Units desired as pending inventory</em>
<em>Total inventory </em><em>= 100 + 10</em>
<em>Total inventory </em><em>= 110 units</em>
So,
<em>Units planned for purchase </em><em>= Total inventory - Units on hand</em>
<em>Units planned for purchase </em><em>= 110 - 20</em>
<em>Units planned for purchase </em><em>= </em><em>90 units</em>
<em />
The company should plan to purchase 90 units.
Answer: all of the answers are correct
Explanation: A budget is an approximation of income and expenditure for a given future time frame and is typically collected and regularly re-evaluated.
Budgets may be made for an individual, a family, a group of people, a corporation or just about anything else that earns money and expenses it. A budget is an institutional resource used by managers at organizations and is often not needed for affected parties to monitor.
Budget is a necessary tool as it amounts the resources thus it works as backbone for all the planning process.