If tax laws allow a company to postpone paying taxes on activities that are currently reported in the company's income statement, the company recognizes a ___________ to reflect the anticipated future taxable amounts
Answers
If tax laws allow a company to postpone paying taxes on activities that are currently reported in the company's income statement, the company recognizes a deferred tax liability to reflect the anticipated future taxable amounts.
A deferred tax liability arises when there is a temporary difference between the amount of taxable income reported on the company's financial statements and the amount of taxable income reported on its tax return. Temporary differences can arise due to a variety of reasons, such as differences in depreciation methods, timing of recognition of revenue and expenses, or differences in tax rates.
When a temporary difference results in the company reporting lower taxable income on its financial statements than on its tax return, the company is expected to pay more taxes in the future. Therefore, a deferred tax liability is recognized on the company's balance sheet to reflect this anticipated future tax payment.
The deferred tax liability is eventually reversed when the temporary difference is eliminated, either through the reversal of the underlying transaction or through the passage of time. When the deferred tax liability is reversed, it reduces the company's income tax expense in the future.
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Related Questions
Who would be called upon to fix the following problem? The network at the U.S. embassy in Brazil has suddenly crashed.
Diplomatic Security Special Agent
information Management Specialist
Foreign Service Officer
economic Officer
Answers
An information management specialist would be the one to fix an issue with a network.
If the quantity demanded at a price of $10 is 2,000 and the quantity demanded at a price of $8 is 2,400, a price-discriminating monopolist would want to:
Answers
Answer:
D. sell 2.000 units for $10 each and then sell an additional 400 units for $8 each
Explanation:
Since in the question it is mentioned that
Quantity demanded is 2,000 at a price of $10
And, the other case is
Quantity demanded is 2,400 at a price of $8
So here we can conclude that
The quantity demanded of 2,000 would be at a price of $10
And, the additional units i.e. 400 (2,400 - 2,000) would be at a price of $8
Therefore the correct option is d.
A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. What is the opportunity cost of her typing the legal brief?.
Answers
A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. The opportunity cost of her typing the legal brief is $300, since that is the amount she could have made by arguing a case in a court.
What do you understand by opportunity cost?
Opportunity costs reflects the potential benefits that an individual, investor, or business might miss out on when choosing one alternative over another.
Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.
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if 100 percent of any change in income is spent, the multiplier will be:
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MPC = Change in income/Change in Consumption
For example, if income increases by one unit and 100% of that increase is spent on consumption-related items, then MPC will grow by one unit as well.
Additionally, we are aware that multiplier = 1/(1-MPC) = 1/(1-1) = 1/0 = infinity.
The multiplier will be endlessly big if 100% of any change in income is spent on consumption goods.
When a first injection into a circular flow results in a larger ultimate rise in real national income, this is known as the multiplier effect.
For instance, a surge in exports, investment, or spending by government could increase demand. A multiplier is, to put it simply, a factor that raises the base value of something else. For instance, a 2x multiplier could make the starting value twice as much.
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an economist would say that the benefits of regional integration are determined by:
Answers
An economist would say that the benefits of regional integration are determined by the amount of trade creation.
Regional integration is when two or more countries come together in order to agree to work together for the benefit of all countries involved in the integration.
Forms of regional integration
Free trade area: this is when countries agree to remove the barriers to trade. Customs union: this when restrictions to trade are removed for both member countries and non member countries. Common market: in addition to the removal of restrictions to trade, there is also free movement of labour among member countries. Economic union: member countries adopt similar economic policies.Benefits of regional integration
It increases market efficiency. It enhances global integration.
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a cartel is an agreement group of answer choices by the government to restrict imports. among firms to decrease output and raise price. among firms to flood the market and eliminate competition. among firms to steal industrial processes from rival firms.
Answers
A cartel is an agreement among firms to decrease output and raise prices. It involves cooperation between competing firms to limit production and manipulate prices to maximize profits collectively.
In a cartel, the participating firms agree to restrict their output, leading to reduced supply in the market. This reduced supply, in turn, creates artificial scarcity, allowing the cartel members to increase prices and maximize their individual and collective profits. By coordinating their actions, cartel members can effectively control market dynamics and maintain higher prices than what would prevail under normal competitive conditions.
The purpose of forming a cartel is typically to eliminate or minimize competition among the participating firms, allowing them to exert greater control over the market. This can lead to increased profitability in the short term, but it often comes at the expense of consumer welfare and market efficiency.
It is important to note that cartels are generally illegal in many jurisdictions due to their anti-competitive nature. Authorities often take measures to detect and punish cartel behavior to protect consumer interests and promote fair competition in the market.
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Suppose you are the Purchasing Manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer.
(1) What is the impact of this purchase on US imports and capital flows?
(2) What is the impact of this transaction on US net exports?
Answers
Answer with Explanation:
Requirement 1.
The US import will increase by $1,500,000 due to purchase of indian tea product and this import of tea would result in increase of capital outflow as the Net export particular to importation is negative hence capital outflow is genuine effect.
Requirement 2.
The Net exports can be calculated as under:
Net Exports = Exports - Imports = 0 - $1,500,000 = - $1,500,000
The US Net Exports would decrease by $1,500,000.
Tai works in an office at his place of employment; however, most of the day he is found at other computers working. In which career pathway would this be a typical workplace? Network Systems Programming and Software Development Information Support and Services Interactive Media.
Answers
The career pathway that would be a typical workplace for Tai is C. Information Support and Services.
What are Information Support and Services?Information Support and Services encompass the following career pathways:
Information technology deploymentImplementation of computer systems and softwareDatabase managementProvision of technical assistanceManaging information systems.Thus, Tai's career pathway leads him to Information Support and Services.
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Answer:
Information Support and Services and c
Explanation:
edge 2022
Which of the following is NOT a characteristic of a responsible borrower?
uses a variety of types of credit
makes monthly credit card payments on time
only uses approximately 30% of the credit that is available to them
opens a new credit card every time one is maxed out
Answers
Answer: Opens a new credit card every time one is maxed out
Explanation:
The correct option is to open a new credit card every time one is maxed out.
What is the responsible borrower?Being an accountable borrower is highly aligned with budgeting. Your student loan expenditures should be no more than 10% of your prospective net monthly payment. It is important to not borrow more than you require for your school-related expenditures and to keep track of how much you are borrowing cumulatively.An individual or an entity that takes money from someone else for different purposes. The borrower uses the capital for the specified period and at the end of the period returns the capital to the lender. For the usage of these funds, there will be a settlement called interest.To learn more about responsible borrower, refer to:
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Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answers
Answer:
The chart is placed in a database with five groups.
Hope this helped.
Are purchase discounts always a debit?
Answers
Answer:
Yes
Explanation:
because it is and of course its is ask googel
To examine
the weekly payroll of all employees, one would look at the:
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To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answers
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
Which of the following are factors that will effect the price of a product?
(Check all that apply)
1. The amount of advertising and communications needed to inform customers
2. The number of businesses in the channel of distribution
3. The level of customer service offered by the business
4. The quantity of a product purchased by a customer
5. Whether the product is fragile or requires special handling
Answers
The factors that will affect the price of a product are:
1. The amount of advertising and communications needed to inform customers.
2. The quantity of a product purchased by a customer
3. Whether the product is fragile or requires special handling
What is Pricing?Pricing is the process by which a company determines the price at which it will sell its products and services and can be part of the company's marketing plan.
The process of estimating the quantitative value of a product based on internal and external criteria is known as product pricing. Product price has a direct influence on your company's entire profitability, from cash flow to profit margins to client demand.
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Question 2 of 10
Before taking the exam to receive CPA certification, a person must:
A. complete two years of professional education.
B. complete a one-to two-year supervised internship program.
C. gain two years of experience in financial management.
D. complete at least 120 credit hours of postsecondary education.
SUBMIT
what's the answer please
Answers
Before taking the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
What is a CPA certification?The CPA certification means the certified public accountant certification which is a designation given to those who meet education and experience requirements and pass an exam.
Hence, the requirement to take the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
Therefore, the Option D is correct.
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which of the following can impact your credit score
The number of times you choose credit when given the choice between debit and credit at a register
you’re a debit to credit ratio
if you buy items at full price or at a discounted price when using credit
Types of items you’re buying using credit
Answers
Answer: B. your Debt to Credit ratio
Explanation:
Your debt to credit ratio is important to lenders because it shows whether you spend wisely when given debt.
Debt to credit is measured as the percentage of debt you have given your credit limit. If for instance you have a credit card limit of $50,000 and have debt of $10,000, your debt to credit ratio is:
= 10,000/50,000 * 100
= 20%
Generally the lower this ratio, the better the contribution to your credit score.
When using the High Rate method to pay down debt, which debt do you focus on first after you have made all of your minimum monthly payments? a The card with the lowest interest rate b The card with the highest interest rate c The card with the highest balance d The card with the lowest balance
Answers
When using the High-Rate method to pay down debt, you should focus on the debt with the highest interest rate first, after making all of your minimum monthly payments.
What is debt?Debt refers to amount of money that an individual, company, or government owes to another entity. It is a form of borrowing that involves receiving funds from a lender with the expectation of repaying it at a later date with interest. Debt can take many forms, such as loans, credit card balances, mortgages, and bonds. It is typically used to finance investments or expenditures that an entity cannot afford to pay for outright. While debt can be useful in providing financial flexibility and allowing for the realization of long-term goals, it can also be a burden if the borrower is unable to meet the repayment obligations, leading to financial difficulties and potential legal consequences.
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Create you own vacation of at least 7 days. It can be car trip, or a flight. Please arrange all details including prices, rental car details and hotels. Explain why you picked this location(s) for your vacation
Answers
For my dream vacation, I would choose a 7-day trip to Hawaii. The trip would cost approximately $3,000 per person, including flights, car rentals, and hotels.
I would fly from Los Angeles to Honolulu, and rent a car to explore the island of Oahu. During my stay, I would spend 4 nights in Honolulu, and 2 nights in Maui. In Honolulu, I would stay at the Moana Surfrider Hotel, located right on Waikiki Beach, for $350 per night. While in Maui, I would stay at the Fairmont Kea Lani hotel, for $550 per night.
In Oahu, I would explore the city of Honolulu and visit iconic sites such as the Pearl Harbor National Memorial and the Diamond Head State Monument. I would also spend time lounging on the beaches of Waikiki and taking surf lessons.
In Maui, I would visit the Haleakala National Park, take a road trip on the famous Hana Highway, and relax on the beaches of Kaanapali.
I chose Hawaii for my dream vacation because of its natural beauty, rich culture, and relaxing atmosphere. Hawaii offers a unique blend of outdoor activities and cultural experiences, making it an ideal destination for a memorable vacation.
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what is the difference between recognition and realization as it applies to the recording of a deferred tax asset on a balance sheet?
Answers
Recognition and realization are two distinct concepts that apply to the recording of deferred tax assets on a balance sheet.
Recognition refers to the acknowledgement of a deferred tax asset as a result of past transactions or events that have resulted in temporary differences between the book and tax basis of assets and liabilities. Realization, on the other hand, refers to the actual utilization of the deferred tax asset to reduce future tax liabilities.
In simpler terms, recognition is the initial recognition of a deferred tax asset on the balance sheet, while realization is the actual use of that asset to offset future tax liabilities. Recognition is based on the likelihood that the asset will be realized in the future, while realization is dependent on the future tax environment and the company's ability to generate taxable income.
Therefore, recognition of a deferred tax asset indicates the potential future benefit, while realization represents the actual value received from utilizing the asset to offset future tax liabilities. It is important to understand the difference between the two concepts to accurately reflect the company's financial position and tax liabilities.
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why do firms purchase real assets in the form of capital equipment? multiple choice question. to trade in competitive markets to increase a firm's liquidity level to earn a minimal-level profit to create value for their customers
Answers
the correct answer to the question is (d) to create value for their customers.
The purchase of real assets in the form of capital equipment by firms has multiple purposes. However, the main reason for doing so is to create value for their customers. By investing in capital equipment, firms can improve the efficiency and productivity of their operations, which can lead to lower costs, higher quality products or services, and increased customer satisfaction.
While purchasing capital equipment can also help firms to trade in competitive markets and increase their liquidity levels, these are secondary benefits to the primary objective of creating value for their customers. Furthermore, earning a minimal-level profit is not a sufficient reason for firms to purchase capital equipment, as the ultimate goal of any business is to create long-term value for its stakeholders.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
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What were the first cities like?
Answers
how can we develop desicion making skill on ourselves
Answers
Answer:
Six simple steps for better decision-making skills
Start with the desired outcome. Start with squad goals. ...Rely on data and insights to spot patterns. .Use S.W.O.T. analysis. ...Simulate the outcomes. ...Trust your instincts. ...Identify your cognitive biaseswhat is the internal working pressure of a pressurized railcar?
Answers
The internal working pressure of a pressurized railcar is the pressure at which the railcar is designed to operate. This pressure is determined by the design and construction of the railcar, and is typically specified by the manufacturer.
Pressurized railcars are designed to transport liquids and gases under pressure, and are typically used to transport hazardous materials such as propane, ammonia, and chlorine. The internal working pressure is an important factor in the safe operation of the railcar, as it determines the maximum pressure that can be safely applied to the railcar during transport.
The internal working pressure of a pressurized railcar is typically measured in pounds per square inch (psi), and is typically specified on a data plate attached to the railcar. The internal working pressure may also be specified in the railcar's operating manual or other documentation.
In summary, the internal working pressure of a pressurized railcar is the pressure at which the railcar is designed to operate, and is an important factor in the safe operation of the railcar.
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the introduction stage of the industry life cycle is characterized by which of the following characteristics? (check all that apply.)
Answers
The introduction stage of the industry life cycle is typically characterized by the following characteristics:
1. Low sales volume: In the introduction stage, the sales volume is typically low because the product is new to the market, and there may be limited awareness or demand for it.
2. High marketing and advertising costs: Companies often spend a significant amount of money on marketing and advertising during the introduction stage to create awareness and generate demand for the new product.
3. Limited distribution channels: At the beginning of the introduction stage, the product may only be available in select locations or through limited distribution channels as companies work to establish their market position.
4. High research and development costs: Companies typically invest heavily in research and development during the introduction stage to refine the product and improve its features and functionality.
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Once the decision has been made to implement an ERP system, the initial step is to select an ERP vendor.
a. True
b. False
Answers
What is OANDA's Currency Converter?
Answers
OANDA's Currency Converter is an online tool that allows users to convert currencies from one to another. It is a free, web-based application that can be accessed from any device with an internet connection.
The Currency Converter uses real-time exchange rates to calculate currency conversions. It supports over 190 currencies, including major world currencies like US dollars, British pounds, euros, Japanese yen, Canadian dollars, and Australian dollars, as well as many other less common currencies.
To use the OANDA Currency Converter, you simply enter the amount of the currency you wish to convert and select the currency you want to convert to. The tool will then display the converted amount, based on the current exchange rate.
The Currency Converter also allows users to access historical exchange rates for a specific date range, which can be useful for tracking currency trends over time.
Overall, OANDA's Currency Converter is a convenient and reliable tool for anyone who needs to convert currencies for travel, business, or personal reasons.
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1.Is the demand for Good X Elastic or Inelastic between $9 and $10? Use the above demand schedule to answer this. explain(3 marks)
2.What happens to the Demand Curve of a Good X if the price of Good Y (a
substitute good) increases?Explain why the demand curve for Good X changed?(3 marks)
3.What type of demand would there be for a good that had NO substitutes? explain(2 marks)
4.There is an expectation that the
price of the product will soon
fall, what happens to demand(2 marks)
class 10 icse economics applications- chapter- demand pls help me i need urgent answer i will be very grateful pls help me
Answers
Answer:
1. Demand for good X is Elastic
2. The demand curve for good X shifts outward or rightward.
If the price of good Y increases, good Y becomes more expensive. Thus, the quantity demand of good y decreases. Consumers shift to the consumption of good X. As a result, there would be an increase in the demand for good X. The demand curve for good X shifts outward or rightward.
3. Demand would be inelastic if there were no substitutes.
If there is an increase in the price of the good, consumers cannot not shift to the consumption of a cheaper substitute. As a result, quantity demand would be less sensitive to changes in price.
4. If there is an expectation of a future reduction in price, there would be a fall in demand now. the demand curve would shift inward or leftward.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Elasticity of demand for good X = percentage change in quantity demanded / percentage change in price
percentage change in quantity demanded = (150 / 110) - 1 = 0.364 = 36.4%
percentage change in price = (9/10) - 1 = 0.1 = -10%
Elasticity = 36.4 / -10 = -3.64 = 3.64
the coefficient of elasticity is greater than one, so demand is elastic
2. Substitute goods are goods that can be used in place of another good.
If the price of good Y increases, good Y becomes more expensive. Thus, the quantity demand of good y decreases. Consumers shift to the consumption of good X. As a result, there would be an increase in the demand for good X. The demand curve for good X shifts outward or rightward.
3. Demand would be inelastic if there were no substitutes.
If there is an increase in the price of the good, consumers cannot not shift to the consumption of a cheaper substitute. As a result, quantity demand would be less sensitive to changes in price.
4. If there is an expectation of a future reduction in price, there would be a fall in demand now. the demand curve would shift inward or leftward.
Waterway Corp. enters into a contract with a customer to build an apartment building for $1,046,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $148,500 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $49,500 each week that completion is delayed. Waterway commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:Completed by ProbabilityAugust 1, 2018 70 %August 8, 2018 20 August 15, 2018 4 After August 15, 2018 6 (a) Determine the transaction price for the contract, assuming Waterway is only able to estimate whether the building can be completed by August 1, 2018, or not (Waterway estimates that there is a 70% chance that the building will be completed by August 1, 2018). (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price __________ $(b) Determine the transaction price for the contract, assuming Waterway has limited information with which to develop a reliable estimate of completion by the August 1, 2018, deadline. (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price ___________ $
Answers
Answer:
A. $1,195,400
B. $1,172,630
Explanation:
A. Calculation to Determine the transaction price for the contract
Transaction price=$1,046,900+$148,500
Transaction price=$1,195,400
Therefore the transaction price for the contract will be $1,195,400
B . Calculation to determine the transaction price for the contract.
First step is to Calculate the probabilities
August 1, 2018=$148,500*.7
August 1, 2018=$103,950
August 8, 2018=$99,000*.2
($148,500-$49,500)
August 8, 2018=$19,800
August 15, 2018=$49,500*.04
August 15, 2018=$1,980
August 15, 2018=$0*.06
August 15, 2018=0
Now let calculate the Transaction price
Total transaction price =$1,046,900+$103,950+$19,800+$1,980
Total transaction price =$1,172,630
Therefore The Total transaction price will be $1,172,630
The pre-approved amount of money that a bank is willing to lend a credit card holder is the credit __________. A. Balance B. Rating C. History D. Limit
Answers
Answer:
Limit
Explanation:
Answer:
D. Limit
Explanation: