Answer:
Defining current and deferred tax first;
Current Tax - Current tax is the amount of Income Tax determined to be payable in respect of taxable income for a period.
Deferred Tax - Deferred tax is the tax effect of the timing difference. The difference between the tax expenses (which is calculated on an accrual basis) and current tax liability to be paid for a particular period as per Federal Income Tax Law is called deferred tax (asset/liability). That is why Tax Expenses + Current Tax + Deferred Tax
on the basis of the above explanations the question has been solved below:-
Particulars Amount
Current Year Income as per financial accounting $ 48,000
Current Year Taxable Income as Income Tax Laws $ 38,000
Current Year Tax Payable on Income Taxable under Federal Income Tax Laws $ 5,600
Current Year Tax Payable on Income as per financial accounting $ 7,600
Deferred Tax Asset to be recorded in Books of Accounts $ 2,000
Tax Rate to be used to record Deferred Tax Asset in Books = 20%
Answer:
Hispanic
Explanation:
In the United States Hispanic population has continued to be responsible for half of the total population growth since 2010 till date.
In this time Hispanics contributed 52% to the 18.9 million population growth in the United States.
Based on this trend Zeffer has decided to develop a line of all-natural soft drinks that are believed to be healthier than typical high-calorie sodas and targeting the Hispanic market will make their product popular rapidly.
Answer:
The correct option is B: Gap 2
Explanation:
The gaps model of service quality, which is also referred to as the 5 gaps model is a vital framework used by organization to ensure customer satisfaction. The Gap 2 model is normally between the perception of the management and what the actual experience of the customer is. In the Gap 2, managers always ensure that organization are delivering and defining the level of quality service they need. From the question Fedex is dealing with actual customer-defined performance standards and this indicates that they are a closing provider of the gap 2 of the gaps model of service quality.
Answer:
$88,000
Explanation:
Jill's original house value = $175,000 house cost + $7,000 closing costs + $75,000 improvements = $257,000
Jill's revenue from house sale = $375,000 selling price - $30,000 sale cost
= $345,000
Jill's capital gain = $345,000 sales revenue - $257,000 house original value
= $88,000
Answer:
The correct answer is letter "B": Sell-off.
Explanation:
A sell-off is the rapid sale of an asset typically follow by its drastic decline in its value. For example, if ABC corporation releases a bad earning report many of its shareholders may decide to sell their shares. With many sellers and few buyers, ABC stock value will sharply fall.
Kraft Foods Inc., in November 2004, published the sell of its sugar confectionery enterprises because they had discontinued operations. They planned to restructure the organization realigning and lowering the structure cost and optimizing capacity utilization.
