answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
UNO [17]
2 years ago
9

At the end of 2017, Payne Industries had a deferred tax asset account with a balance of $30 million attributable to a temporary

book-tax difference of $75 million in a liability for estimated expenses. At the end of 2018, the temporary difference is $70 million. Payne has no other temporary differences. Taxable income for 2018 is $180 million and the tax rate is 40%. Payne has a valuation allowance of $10 million for the deferred tax asset at the beginning of 2018. Required: 1. Prepare the journal entry(s) to record Payne’s income taxes for 2018, assuming it is more likely than not that the deferred tax asset will be realized. 2. Prepare the journal entry(s) to record Payne’s income taxes for 2018, assuming it is more likely than not that one-fourth of the deferred tax asset will ultimately be realized.

Business
1 answer:
KIM [24]2 years ago
8 0

Answer:

Detailed step-wise solution given in the table attached.

You might be interested in
The president of Ravens Inc. attended a seminar about the contribution margin model and returned to her company full of enthusia
Makovka662 [10]

Answer and Explanation:

a. The president remark in case of the allocated fixed expenses should be ignored the misleading result as it is seen that the division B has suffered a loss of $6,000 due to which the president exclaimed  "I knew it!.

Moreover the president ignored the given information i.e $172,000 included $94,500 that had been split evenly between divisions as they are classified as a general corporate expenses

So if it is split evenly the general corporate expenses for division B is $31,500 which is come from by dividing the $94,500 from 3 divisions

And if we do not allocated the expenses so all divisions would come in profit  

4 0
2 years ago
How does newton's law apply to a company's brand? explain, citing at least one example. the bigger the brand the more force it t
LUCKY_DIMON [66]

Answer:

Explanation:

The person who spoke says that, if the the brand is very huge, (so also it will have a huge baggage ), by this , the force that will be needed to change its positioning will be high. An example is companies like

Unilever, P&G like to keep all the brands they have differently like Pringles and cornflakes and another example is companies like Hoover found it very hard to convince the world that they were more than vaccum cleaners as a brand.

6 0
2 years ago
In the _____ stage of the sales process, a salesperson describes a product's features and relates them to the customer's needs.
Varvara68 [4.7K]
Hello There!

In the presentation stage of the sales process, a salesperson describes a person's features and relates them to the customer's needs.

Hope This Helps You!
Good Luck :) 

- Hannah ❤
6 0
2 years ago
The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top manage
Elina [12.6K]

The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true

<u>Explanation: </u>

A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.

The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.

These includes the following,

  1. Composition  
  2. Leadership structure
  3. Interlocks

The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.

8 0
2 years ago
Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons
sashaice [31]

Answer:

Quality Timber Pty Ltd

In this scenario, the performance norms are _below-average____ and cohesiveness is _ high____, so productivity is _low___.

Explanation:

It has been established that group norms influence individual behavior and group performance.  Performance Norms refer to how a person should work in a given group and what his or her output should be.

Cohesion, according to wikipedia.com, "can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members."  Employees of the packaging department tend to be enjoying so much group cohesiveness.  But, they need to break some habits to focus on achieving corporate goals by increasing their productivity.

According to Paul Krugman of the Organization for Economic Co-operation and Development, "Productivity is commonly defined as a ratio between the output volume and the volume of inputs.  In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output."  A rough assessment of the packaging department employees' performance shows low productivity, as they are "consistently behind schedule and take long lunch breaks, and frequently chat with co-workers," instead of concentrating on their jobs.

8 0
2 years ago
Other questions:
  • When entrepreneurs develop new products,other companies also experience growth because they
    13·2 answers
  • At the end of 2010, washington corporation reported a $40,000 balance in its common stock account (par value $1 per share). the
    11·1 answer
  • Ethical business communicators strive to tell the truth, label opinions so that they are not confused with facts, are objective,
    14·1 answer
  • Assume you own and operate a small printing and specialty advertising business that employs 25 persons. With increased health ca
    8·1 answer
  • 1. Why are individuals so important to the NASA project teams? 2. What is the Lessons Learned Program and how might it relate to
    13·1 answer
  • Campbell Corporation uses the retail method to value its inventory. The following information is available for the year 2021: Co
    13·1 answer
  • The municipality of Smallville has arranged to borrow​ $30 million in order to implement several public projects​ (flood control
    11·1 answer
  • On January 1, Damon, for consideration, orally promised to pay Gary $300 a month for as long as Gary lived, with the payments to
    11·1 answer
  • The price of coffee fell sharply last month, while the quantity sold remained the same. Five people suggest various explanations
    10·1 answer
  • BusyBody Company expects its November sales to be 25% higher than its October sales of $240,000. Purchases were $100,000 in Octo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!