Managers are more likely to delegate if the lower-level employee has no supervisory experience. True False

Smith Company reported pretax book income of $400,000. Included in the computation were favorable temporary differences of $50,0

Hoochie [10]

Answer:

$10,200

Explanation:

The computation of the deferred income tax expense or benefit is shown below:

Favorable temporary difference = $50,000

Less: Unfavorable temporary difference -$20,000

Net favorable temporary difference $30,000

We assume the tax rate is of 34%

So, the deferred tax expense is

= $30,000 × 34%

= $10,200

By finding out the net favorable temporary difference and then multiplied with the tax rate we can get the deferred tax expense and the same is shown above

3 0

3 years ago

The may bank statement for accounting services shows a balance of $6,300, but the balance per books shows a cash balance of $7,9

vichka [17]

The adjusted cash balance at the end of August should be $8,180.

<h3>The May bank statement for Accounting Services shows a balance of $6,300, but the balance per books shows a cash balance of $7,980. Other information includes the following:</h3>

-A check for $200 to pay the electric bill was recorded on the books as $20.

-Included on the bank statement was a note collected by the bank for $400 plus interest of $30.

-Checks outstanding totaled $260.

-Bank service charges were $50.

-Deposits in transit were $2,140.

The adjusted cash balance at the end of August should be

A. $7,980.

B. $9,810.

C. $7,620.

D. $8,180.

Solution:

$6,300 + 2,140 - 260 = $8,180.

$7,980 - 180 - 50 + 430 = $8,180

The adjusted cash balance at the end of August should be

D. $8,180.

To learn more about the sum, refer

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5 0

2 years ago

Flexible budgets Group of answer choices are static budgets that have been revised for changes in price(s). accommodate changes

Varvara68 [4.7K]

Answer: accommodate changes in activity levels.

Explanation:

A flexible budget is refered to as the budget which changes based on the actual activity. It accommodate changes in activity levels.

It is the budget which is allowed to be adjusted as a result of the change in the assumptions that's used in the creation of the budget during the planning process of the management.

7 0

3 years ago

Read 2 more answers

In the last 40 years, the number of women in the workforce has increased tremendously, and pay has also improved. In what ways i

andrezito [222]

Explanation:

There are many ways in which the progress of women in the workforce is still an important and pressing issue. This issue needs immediate action and the progress of women is of utmostimportance. This can be due to the following reasons.

The economy will grow faster when both males and females will participate in it's functioning.
Participation in the workforce will encourage more and more women to acquire good qualifications.
This will enable women to financially support their family.
This will enable women to lead a life of dignity and respect.
This will remove gender discrimination.

4 0

3 years ago

The method of developing budget estimates that requires managers to estimate sales, production, and other operating data as thou

postnew [5]

Answer:

c

Explanation:

Zero-based budgeting is a method of budgeting in where expenses must be justified for each new period. It requires managers to estimate sales, production, and other operating data as though operations are being started for the first time

The master budget is the sum of all budget made by lower levels in the organisation.

Continuous budgeting is the process of expanding the budget by adding one more month as each month goes by.

A flexible budget is a budget that changes to the activity levels of a the organisation

7 0

4 years ago