Consumers spend _______ a year on credit card penalties and fees.

Mini, Inc., earns pretax book net income of $1,900,000 in 2019. Mini deducted $196,400 in bad debt expense for book purposes. Th

Xelga [282]

Answer:

a. $10,311

b. $0

c. $9,546.95

Explanation:

a. Deferred tax asset account:

= Deferred tax asset 2019 + Deferred tax asset 2020

Deferred tax asset 2019 = Bad debt for book purposes * tax rate

= 196,400 * 21%

= $41,244

Deferred tax asset 2020 = Bad debt for tax purposes * tax rate

= 147,300 * 21%

= -$30,933

Deferred tax account balance = 41,244 + (- 30,933)

= $10,311

b. Deferred tax liability account = $0

From the given details there are no tax liabilities.

c. Cost to Mini;

= Deferred tax asset * Present value factor

= 10,311 * 0.9259

= $9,546.95

4 0

2 years ago

To better facilitate an understanding of layout issues, Arnold Palmer Hospital studies using A. queuing theory. B. transportati

klio [65]

To better facilitate an understanding of layout issues, Arnold Palmer Hospital studies using (A) queuing theory.

Explanation:

Queuing theory also known as the "queuing theory" it is used to examine the various component in waiting line that needs to be served.

The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people in queue (i.e customers)

The various applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of supermarkets.

Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.

3 0

2 years ago

EcoMart establishes a $1,050 petty cash fund on May 2. On May 30, the fund shows $312 in cash along with receipts for the follow

mihalych1998 [28]

Answer:

See the explanation below:

Explanation:

(1) May 2 entry to establish the fund

Details Dr ($) Cr ($)

Petty cash account 1,050

Cash 1,050

To record the establishment of petty cash fund

(2) May 30 entry to reimburse the fund

Details Dr ($) Cr ($)

Transportation-in 120

Postage expenses 369

Miscellaneous expenses 240

Shortage of fund 9

Petty cash account 738

To record petty cash transactions during May

Petty cash account 738

Cash 738

To record the reimbursement of the petty cash fund.

(3) June 1 entry to increase the fund to $1,200.

Additional amount to add = 1,200 - 1,050 = $150

The journal entries will be as follows:

Details Dr ($) Cr ($)

Petty cash account 150

Cash 150

To record the increase of the petty cash fund to N1,200

6 0

2 years ago

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.

Gala2k [10]

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then diseconomies of scale are said to exist. It is because diseconomies of scale is likely to happen in the long run for a business with increasing inputs without decreasing the cost of production. It can happen when the increase in production is dependent on one part that needs to be completed but there is a delay on producing the parts. Another reason is that the cost of shipping may increase base on how far will be the distance and the weight of the product.

8 0

2 years ago

Which of the following endorsements would include the instructions “For deposit only”?

andrew11 [14]

Restrictive endorsement places a limitation on the use of a cheque for the payee. In this case the payee has to only deposit the money into the account

4 0

2 years ago