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2 years ago

It is likely that John chooses this oil company because of their ___ services

Business

2 answers:

Shtirlitz [24]2 years ago

4 0

it is likely that John chooses this oil company because of their good services

mylen [45]2 years ago

3 0

Answer:

Due to their good services, John is likely to choose this oil company!

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Eleanor takes several high-cost prescription drugs. She would like to enroll in a standalone Part D prescription drug plan that

Fiesta28 [93]

A ....................

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4 years ago

Read 2 more answers

Taxable income and pretax financial income would be identical for Skysong Co. except for its treatments of gross profit on insta

inessss [21]

Answer:

See the journal entry below.

Explanation:

Before preparing the journal entry, the following are calculated first:

Income tax expense in 2019 = (Taxable income in 2019 * Tax rate in 2019) + (Taxable income in 2020 * Tax rate in 2020) + (Taxable income in 2021 * Tax rate in 2021) = ($158,000 * 40%) + ($195,000 * 45%) + ($92,100 * 45%) = $193,395

Deferred tax liability in 2019 = (Taxable income in 2020 * Tax rate in 2020) + (Taxable income in 2021 * Tax rate in 2021) = ($195,000 * 45%) + ($92,100 * 45%) = $129,195

Income tax payable in 2019 = Taxable income in 2019 * Tax rate in 2019 = $158,000 * 40% = $63,200

Income tax payable in 2020 = Taxable income in 2020 * Tax rate in 2020 = $195,000 * 45% = $87,750

Income tax payable in 2021 = Taxable income in 2021 * Tax rate in 2021 = $92,100 * 45% = $41,445

The journal entry will look as follows:

Date General journal Debit ($) Credit ($)

31 Dec 2019 Income tax expense 193,395

Deferred tax liability 129,195

Income tax payable 63,200

(To record income tax payable.)

31 Dec 2020 Deferred tax liability 87,750

Income tax payable 87,750

(To record income tax payable.)

31 Dec 2021 Deferred tax liability 41,445

Income tax payable 41,445

(To record income tax payable.)

5 0

3 years ago

Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have

zzz [600]

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

Hence, the executive of Cherries on Top is practicing the utilitarian approach.

8 0

3 years ago

Differences between a job order cost system and a process cost system include all of the following except the

Alex Ar [27]

Answer:

a. flow of costs.

Explanation:

job order costing system is used mainy by companies that make small quantities of distinct products or performs unique services that sticks to specifications as design by the purchaser.

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3 years ago

A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed p

frutty [35]

There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;

Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.

General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).