If a country's gdp in 1950 was $25,000 and it had a continual rate of economic growth of 2%, its gdp would reach $50,000 in the year 2000. false true

The journal entries to record World Industries' income tax expense for the current year would be as follows:

Income Tax Expense $9,250,000

Deferred Tax Asset $3,750,000

Income Tax Payable $3,000,000

Valuation Allowance $3,750,000

To record income tax expense (based on taxable income at 25% tax rate):

Income Tax Expense $9,250,000

Income Tax Payable $9,250,000

This entry reflects the income tax expense based on the taxable income of $12,000,000 and the applicable tax rate of 25%.

To record the change in the deferred tax asset due to the change in the temporary difference:

Income Tax Expense $3,750,000

Deferred Tax Asset $3,750,000

This entry represents the recognition of a valuation allowance for the portion of the deferred tax asset that is no longer expected to be realized. As one-third of the deferred tax asset is estimated to be uncollectible, the valuation allowance of $3,750,000 is recorded.

Note: No entry is required to record the change in the temporary difference itself. The change in the temporary difference from $70,000,000 to $45,000,000 would impact the calculation of the deferred tax asset but does not require a separate journal entry.

Learn more about Income tax here:

brainly.com/question/15058781

#SPJ11

In order to stop bullying one should communicate with team members and it still follows that there should be complaints in the HR department and make them informed of the situation.

Bullying is referred to as aggressive behavior followed by an individual in order to hurt or harm another person. This can be in the form of verbal abuse, mental threat, or harassment mentally or physically.

In order to deal with Bullying at the workplace one should maintain patience and walk away from the place where bullying takes place. They should communicate why this action is taking place.

At last, if bullying is out of control and disturbing the working hours then there is an association or personnel department where an individual can file a complaint for the same.

Learn more about  bullying, here:

https://brainly.com/question/6225322

#SPJ1

To complete the request for preparing a classified balance sheet and an income statement for each day (February 10th, 11th & 12th), including supporting calculations, students need to follow the given instructions and utilize accounting principles to record and summarize the financial transactions accurately.

To prepare the financial statements, students should follow these steps:

1. Identify the financial transactions: Review the provided information and identify the relevant transactions for each day (February 10th, 11th & 12th).

2. Record journal entries: Create journal entries for each transaction, ensuring that debits equal credits and that all accounts are appropriately affected.

3. Post journal entries to T-accounts: Transfer the journal entry information to the respective T-accounts, updating the balances for each account.

4. Prepare a trial balance: Summarize the ending balances from the T-accounts to create a trial balance, ensuring that debits equal credits.

5. Classify the balance sheet: Identify and classify the assets, liabilities, and equity into their respective categories (current or long-term) to prepare the classified balance sheet for each day.

6. Calculate net income: Determine the net income or net loss for each day by subtracting the total expenses from the total revenue.

7. Prepare the income statement: Use the net income or net loss calculated in the previous step to prepare the income statement for each day, listing the revenue, expenses, and the resulting net income or net loss.

8. Review and verify: Double-check all calculations and ensure the accuracy of the financial statements.

By following these steps and accurately recording and summarizing the financial transactions, students will be able to prepare the classified balance sheet and income statement for each day as requested.

To know more about Net Income visit-

brainly.com/question/14126418

#SPJ11

Answer:

A downside of large-company stock funds is they have a lower average return than small-company stock funds. Since large companies are already established and hold a big market share, they have less room to grow. New, smaller companies have more growth potential

Explanation:

Answer: Investing in the stock market can offer several benefits, including the potential to earn dividends or an average annualized return of 10%. The stock market can be volatile, so returns are never guaranteed. You can decrease your investment risk by diversifying your portfolio based on your financial goals.  -source: the balancemoney.com

Explanation: I hope you're doing ok, its been a while :)

You should comment on one of my answers so we can...clear things up

1. To address the gap it is essential to focus on several factors including conducting an analysis of the business requirements, effective communication, etc. 2 a) Additional training sessions organized to empower users b) Clear documentation contributes to the usability of the IT solution.

To address the gap between the recommended IT solution and the business needs, a comprehensive analysis of the business requirements is crucial. This involves understanding the specific goals, processes, and challenges of the organization. By gaining a clear understanding of the business context, IT professionals can tailor the solution accordingly and ensure that it aligns with the objectives of the business.

Furthermore, effective communication and collaboration between IT and business teams are essential. Regular meetings, workshops, and discussions can facilitate the exchange of ideas and feedback, enabling IT professionals to better comprehend business needs. By involving key stakeholders throughout the development and implementation process, the IT solution can be refined and customized to meet the specific requirements of the organization.

Change management strategies are also vital in bridging the gap between the IT solution and the business needs. Implementing the new IT solution may require adjustments in processes, workflows, and employee roles. By proactively managing the change and providing adequate support to employees, resistance to the new solution can be minimized, ensuring a smoother transition and higher acceptance among end-users.

2 a) Additionally, providing sufficient training and support to end-users is crucial for the successful adoption of the IT solution. If the solution is complex and requires specialized knowledge, additional training sessions can be organized to empower users and build their confidence in utilizing the system effectively.

b) Clear documentation, user-friendly interfaces, and easily accessible support channels can also contribute to the usability of the IT solution.

In conclusion, addressing the gap between the recommended IT solution and the business needs requires a holistic approach. Through thorough analysis, effective communication, change management, and proper training, the IT solution can be aligned with the specific requirements of the organization, enhancing its effectiveness and usability.

Learn more about Change management here:

https://brainly.com/question/30999644

#SPJ11

Answer:

TMS

Explanation:

Taxes (T) imposed by the government reduced the flow of income.

Money paid to foreign companies for imports (M) also constitutes a leakage.

Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.

The principal benefit of tariff protection goes to Domestic producers of the good produced. So the correct option is D.

The government receiving the merchandise imposes certain taxes on the products when they are imported from another nation. Tariffs are the taxes or customs duties placed on the merchandised goods. Tariffs might be ad valorem or specific. Specific tariffs are recurring charges placed on specific goods, such as $100 per ton of imported sugar. Ad valorem, which translates from Latin as "according to value," Ad valorem taxes are imposed according to the value of the imported products; for example, there is a 5% customs fee for each item costing $1 million. Taxes are a way for the government to make money. To protect the domestic industry, protective tariffs are frequently implemented.

Protective tariffs are designed to allow domestic producers to create and market their goods at a lower cost than comparable imports. Local manufacturers benefit from the increasing pricing of imported items because they may sell their goods for less, attracting more customers.

Know more about tariff:

https://brainly.com/question/22685610

#SPJ4

The trend that was vital in influencing the development of services marketing in this case is "the growth in the use of the technology based services".

In conclusion, technology based services are essential in the way that people relate to each other.

Read related link on:

https://brainly.com/question/24534467

Answer:

i think so :)

Explanation:

Based on the survey data, what can be concluded about the market for coffee shops in the area?

Saturation has been reached.

According to the survey data, which business likely has the least supply in this town?

Shoe stores

Answer: Based on the survey data, which business will most likely see higher consumer demand? - THE SHOE HUT
Based on the survey data, what may occur if an additional coffee shop is opened? - EXCESS SUPPLY

Explanation: i did the assignment on edge

When one is having an allergic reaction to something, one symptom that is not expected is Screaming.

An allergic reaction usually leads to the following:

It is not a usual thing that a person will scream as a result of an allergic reaction.

We can therefore conclude that screaming is not associated with allergic reactions.

Find out more at https://brainly.com/question/20093415.

Answer:

Explanation:

These departments are as follow:-

1) Admin

2) Administrative

3) HOD (Head Of Departments)

Option D is the correct. Production of limited goods & services is a result of having scarce economic resources for the production of goods and services.

You undoubtedly already associate scarcity with natural resources like titanium, oil, coal, gold, and diamonds. In fact, they are sometimes referred to as "precious resources" to underline how scarce they are. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease. As a result of rising costs that make the resource less accessible to those who are least well-off, this might result in unsustainable growth and an increase in inequality. Producers are impacted by scarcity because they must decide how to use their limited resources to their best advantage. Customers are impacted since they must decide which services or products to purchase.

Know more about economic resources at: https://brainly.com/question/1503203

#SPJ4

Answer:How does Hurricane Katrina illustrate the problem with insurance? It illustrates the problem with insurance because it was a wide spread disaster for many people. ... It's not like insurance companies have an unlimited supply of money so they often declined a lot of people's claims. This was often very discriminating too

Explanation:mark brainliest ineed 2 more

Answer:

Hi there!

For accounting treatment , accounts are broadly classified into three types as personal account , real account and nominal account or fictitious account. They are as follows:

The account which is related with a person or organization ( entity ), is termed as personal account. Here person means natural persons like Anna , Olivia , James etc and organization represents the artificial persons created by law. The rule for debit and credit for personal accounts is ;

Debit : The receiver

Credit : The giver

The account which is related with assets or property is known as real account. Land and building , plant and machinery, and furniture and fixtures are the examples of the real account. Properties or assets are either incoming or outgoing from the organization. The rule for real account is ;

Debit : What comes in

Credit : What goes out

The account which is related to expenses or loss and income or gain is known as nominal account. Rent , wages , salary , discount , interest and commission are the examples of nominal account. The rule of nominal account is;

Debit : the expenses or losses

Credit : the income or gains

Hope this helps..

Best regards!!

Explanation:

3 Different types of accounts in accounting are Real, Personal, and Nominal Account. Real account is then classified into two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative, and Artificial.

PERSONAL ACCOUNT:

These accounts types are related to persons. These persons may be natural persons like Tom’s account, Sam’s account, etc.

These persons can also be artificial persons like partnership firms, companies, bodies corporate, an association of persons, etc.

There can be personal representative accounts as well.

Rule for this Account

REAL ACCOUNT:

These account types are related to assets or properties. They are further classified as Tangible real account and Intangible real accounts.

1.Tangible Real Accounts

These include assets that have a physical existence and can be touched. For example – Building A/c, cash A/c, stationery A/c, inventory A/c, etc.

2.Intangible Real Accounts

These assets do not have any physical existence and cannot be touched. However, these can be measured in terms of money and have value. For Example  – Goodwill, Patent, Copyright, Trademark, etc.

Real Account Rules

NOMINAL ACCOUNT:

These accounts types are related to income or gains and expenses or losses. For example: – Rent A/c, commission received A/c, salary A/c, wages A/c, conveyance A/c, etc.

Rules

There are some other accounts in accounting as well:

Cash Account – This account is used for keeping the records of payments done by cash, withdrawals, and deposits.

Income Account – The Purpose of this account is to keep the record of the income sources of business.

Expense Account – This account tracks the expenditure of the business.

Liabilities – If there is any debt or loan then that amount comes under liabilities.

Equities –  If there is an investment of the account owner or common stocks, retained earnings then these will fall under equities.

The best rationale for why many companies use a hybrid costing system is that it allows them to combine the advantages of both traditional and activity-based costing.

A hybrid costing system is a method of cost accounting that combines the features of both traditional and activity-based costing systems. It can be viewed as a more advanced version of traditional costing that includes some of the benefits of activity-based costing. It involves identifying and separating a company's costs into fixed and variable elements, as well as into cost pools based on different activities.

Hybrid costing is becoming more popular among companies because it helps them to gain a more accurate and detailed understanding of their costs and profitability. The benefits of hybrid costing system

The hybrid costing system provides the following benefits:

It helps companies to track and control their costs more effectively by providing a more detailed breakdown of the costs of different activities.

It allows for more accurate costing of products and services, which is essential for pricing decisions.

It helps companies to identify areas of their operations where they can reduce costs or improve efficiency by identifying waste or inefficiencies.

It allows companies to more easily allocate overhead costs to products or services based on the level of activity required to produce them.

It provides a more accurate basis for decision-making by giving management a more complete picture of the costs and profitability of their operations.

For more about hybrid costing system:

https://brainly.com/question/29489507

#SPJ11

As a result of maxing out the credit card and missing payments, A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.

There are several ways to get a lower credit score including:

When a person's credit score goes low, it means that loaning money to them is riskier and as a result, some lenders will refuse to lend the person money and if they do, they will charge a higher rate to compensate for the higher risk.

In conclusion, option A is correct.

Find out more on credit scores at https://brainly.com/question/2609368.

Answer: Brilliant marketing and commercials

Explanation:

One of the top advantage any firm or organization is the ability for it to be consistent with it's advertisement and marketing policy in a creative manner and to deliver when people purchase it's products. This is how Coca cola became famous within the American industry, it grew by virtue of it's brilliance in marketing, excellent and always creative commercials. These all helped pushed Coca cola into wider region of the American market and into the world.

Stock that typically includes preference for receiving dividends and for distribution of corporate assets during a liquidation is called preferred stock.

Preferred stock is a type of stock that offers different rights to shareholders than common stock. Preferred stock holders receive regular dividends.

The above means that  preferred stockholders in a corporation have a priority claim on the company's assets in terms of distribution during liquidation.

Hence, stock that typically includes preference for receiving dividends and for distribution of corporate assets during a liquidation is called preferred stock.

Learn more about preferred stock here : https://brainly.com/question/18068539

Answer:

build brand loyalty

Explanation:

The companies could develop the brand loyalty via a deep understanding of the customer priorities and their buying behavior also it aligned what they stand. Here the effective brand would create the strong and creative identity  that can the customer can related also this identity would remain the same over the time period

Therefore as per the given situation, it is a build brand loyalty

Answer:

The supply of slopes at a ski resort is generally considered to be inelastic. This is because the number of slopes available at a ski resort is usually fixed in the short term and cannot be easily changed in response to changes in demand for lift passes. It takes a significant amount of time and investment to build new slopes or expand existing ones, which means that the supply of slopes cannot be quickly adjusted to match changes in demand.

As a result, when there is a sudden spike in demand for lift passes, the ski resort may not be able to increase the number of slopes available to meet that demand. Instead, they may have to ration lift passes or increase prices to manage demand and prevent overcrowding on the existing slopes. This means that the supply of slopes is relatively unresponsive to changes in demand, making it inelastic.

However, in the longer term, the supply of slopes at a ski resort may become more elastic as the resort invests in new infrastructure and expands its operations to meet growing demand. For example, the resort may build new slopes, invest in snow-making equipment, or expand its facilities to accommodate more skiers and snowboarders. These investments can increase the overall supply of slopes and make the resort more responsive to changes in demand over time.

Answer:

Your answer is A. development directors

Hope this helps!

Answer:

a fired

b quit

Explanation:

involuntary is not by choice

voluntary is by choice

Answer:

1.) Engineer play very important role in the development of society and nation. Engineer plan and build new bridges, huse building, roads, railways, dams, canals, etc. that helps agricultural, living, transportation and commuting. Appliance and gadgets at home are degined by engineers. They built the infrastructure and the tools necessary for progress.

2. A veterinary (Animal doctor) treat disease, disorders, and injuries in animlas. Most veterinary physician workbin clinical setting, treating animal directly.

3. Yeah, I do agree because finance sector is essential for day to day operation. It is the task of examining and controlling ecnomic transaction on the regular basic fir the financial sucess, based on law