For the year ended 30 June 2021, CISBO Bd would recognize a deferred tax liability of RM2,304,000 (RM864,000 + RM1,440,000) and a deferred tax expense of RM940,000 in accordance with MFRS 112 Income Taxes.
Based on the information provided, we can calculate the deferred tax asset or deferred tax liability and the deferred tax expense or deferred tax income for the year ended 30 June 2021 in accordance with MFRS 112 Income Taxes.
Calculation of Temporary Differences:
Temporary differences arise when there is a difference between the carrying amount of an asset or liability and its tax base. In this case, we have two items with temporary differences:
a) Property, plant, and equipment:
Carrying amount: RM30,600,000
Tax base: RM27,000,000
Temporary difference: RM3,600,000 (Carrying amount - Tax base)
b) Provision for warranty:
Carrying amount: RM24,000,000
Tax base: RM18,000,000
Temporary difference: RM6,000,000 (Carrying amount - Tax base)
Calculation of Deferred Tax Liability or Deferred Tax Asset:
Deferred tax liability or deferred tax asset is calculated by applying the income tax rate to the temporary differences.
a) Property, plant, and equipment:
Temporary difference: RM3,600,000
Income tax rate: 24%
Deferred tax liability: RM864,000 (Temporary difference x Income tax rate)
b) Provision for warranty:
Temporary difference: RM6,000,000
Income tax rate: 24%
Deferred tax liability: RM1,440,000 (Temporary difference x Income tax rate)
Calculation of Deferred Tax Expense or Deferred Tax Income:
Since there are no other temporary differences, we only need to consider the deferred tax liability.
Deferred tax expense = Deferred tax liability - Deferred tax liability at the beginning of the period
Deferred tax liability at the beginning of the period: RM500,000 (given)
Deferred tax expense = RM1,440,000 - RM500,000 = RM940,000
Therefore, for the year ended 30 June 2021, CISBO Bd would recognize a deferred tax liability of RM2,304,000 (RM864,000 + RM1,440,000) and a deferred tax expense of RM940,000 in accordance with MFRS 112 Income Taxes.
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Dev is an enterprising youngster who wants to start a business of manufacturing men’s accessories. However, he is facing shortage of funds. Suggest to him various forms in which credit can be availed from banks.
6 Marks
Answer:
heyyyy!
Explanation:
Answer:
SSS card.............
Renee Wilson has a life insurance policy where the payments to beneficiaries get smaller as time passes. What type of term life insurance does Renee likely have
Decreasing term life policy is the life insurance policy where the payments to beneficiaries get smaller as time passes. Declining term insurance has cheaper rates than other types of term life insurance.
What is life insurance?Life insurance is a contract between the person and an insurance provider. In return of the insurance payment the insurance company will pay the beneficiaries of huge amount.
The lump-sum amount is also called the death benefit amount which will get at the time of death of the insurance holder. The person's beneficiaries can spend the money on whatever they like.
Thus, Decreasing term life policy is the life insurance, where payments decrease as the time passes.
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What is the maximum IRA contribution that Josh can make under each of the following assumptions?
Required:
Josh is age 20 and single. Josh's only income item is $13,800 interest from a trust fund.
Josh is age 40 and single. Josh's only income item is a $32,900 share of ordinary income from a partnership.
Josh is age 60 and single. Josh's only income item is $30,000 wages.
Josh is age 46 and files a joint return with a spouse. Josh's sole proprietorship generates a $7,230 loss, and the spouse's salary is $48,500.
Amount
a. Maximum contribution $0
b. Maximum contribution
c. Maximum contribution
d. Maximum contribution
a. Maximum contribution: $0
b. Maximum contribution: $6,000
c. Maximum contribution: $7,000
d. Maximum contribution: $6,000
Under the given assumptions, let's determine the maximum Individual Retirement Account (IRA) contribution that Josh can make in each scenario.
a. Josh is age 20 and single. His only income is $13,800 interest from a trust fund.
In this scenario, since Josh's income is below the taxable income threshold for IRA contributions, he cannot make any IRA contribution. The maximum contribution for Josh in this case would be $0.
b. Josh is age 40 and single. His only income is a $32,900 share of ordinary income from a partnership.
For individuals aged 40 or below, the maximum IRA contribution limit is $6,000. However, there are income limitations to consider as well. Based on the given information, Josh's income from the partnership is $32,900. Since this amount is below the maximum income limit for IRA contributions, Josh can contribute the full $6,000 to his IRA.
c. Josh is age 60 and single. His only income is $30,000 wages.
At age 60, the maximum IRA contribution limit increases to $7,000. Considering Josh's wage income of $30,000, which is below the income limit, he can contribute the full $7,000 to his IRA.
d. Josh is age 46 and files a joint return with a spouse. His sole proprietorship generates a $7,230 loss, and the spouse's salary is $48,500.
In this scenario, we need to consider the joint return filing status. The maximum IRA contribution limit for individuals aged 50 or below is $6,000. However, we also need to factor in the couple's combined income.
Since Josh's sole proprietorship generated a loss of $7,230, this loss reduces the couple's total income. Therefore, the couple's combined income would be the spouse's salary of $48,500 minus the loss of $7,230, resulting in a total income of $41,270.
Based on the total income, which is below the income limit for IRA contributions, Josh can contribute the full $6,000 to his IRA.
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Many in the advertising industry are calling for the use of ______, an accountability-based measure of success.
Every business venture often have Return on investment (ROI) Many in the advertising industry are calling for the use of ROI, an accountability-based measure of success.
Return on investment (ROI) is simply known to be a performance measure that is often used by firms to evaluate the efficiency or profitability of their investment or they often use it to compare the efficiency of the number of different investments that they are engaged in.
To calculate ROI, use the benefit (or return) of an investment and divide it by the cost of the investment.
Conclusively, When you invest your money in mutual funds, the return on investment often makes you too know the gain from your mutual fund schemes.
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Identify the key factors that influence the export involvement levels of born-global firms:. run-off-the-mill products global orientation of decision makers market conditions financial and tangible resources
The key factors that influence the export involvement levels of born-global firms include global orientation of decision makers, market conditions, financial and tangible resources, and the nature of the firm's products.
For born-global firms, the export market is a critical component of their growth strategy, and as such, they need to carefully consider the factors that will impact their success in this arena. These factors will vary depending on the specific firm and the products or services they offer, but some of the most important considerations will include the global mindset of the firm's decision makers, the conditions of the target markets, and the availability of financial and other resources to support export activities. Ultimately, the success of a born-global firm will depend on its ability to effectively navigate these key factors and leverage them to maximize its export opportunities.
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What does the word cost mean in the context, "understanding their costs and
income, budgeting to ensure all their expenses are covered is a financially
tsresponsible behavior"?
In the context of the statement, "costs" refers to the expenses incurred by an individual or organization.
What is meaning of cost as used?Cost as used can include fixed expenses, such as rent or mortgage payments, and variable expenses, such as food or transportation costs.
When the statement says "understanding their costs and income," it means understanding all of the expenses that need to be paid, as well as the amount of money coming in, such as from a salary or business profits.
The idea is that budgeting to ensure all costs are covered is a financially responsible behavior, because it helps ensure that all bills are paid and debts are managed, without overspending or accruing unnecessary debt.
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with a limited work force and a desire to maintain strong internal control, which combination of duties would result in the lowest risk exposure?
To maintain strong internal control and reduce the risk exposure with a limited workforce, The combination of duties that would bring about the lowest risk exposure includes the separation of accounting and authorization responsibilities.
For instance, one employee might be chargeable for entering economic transactions into the system, whilst some other worker might be chargeable for reviewing and approving those transactions.
This separation of responsibilities ensures that no one employee has whole manage over the economic method, lowering the chance of fraud, mistakes, or misappropriation of price range.
Moreover, normal monitoring and oversight of financial activities by means of control or external auditors can help to in addition limit risk exposure.
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What alternative marketing strategies might Apple have followed?
Apple is a multinational tech company that is widely renowned for its premium quality products and innovative marketing strategies. However, despite its widespread success, there are a few alternative marketing strategies that Apple might have followed. Here are some of the alternative marketing strategies that Apple might have followed:
Offer more product customization: Another alternative marketing strategy that Apple might have followed is to offer more product customization options. By offering more customization options, customers would have more control over the product they purchased, which could have increased customer satisfaction.
Collaborate with other brands: Apple could have collaborated with other brands to cross-promote their products. For instance, it could have partnered with a popular fashion brand to create a limited-edition product line that would appeal to the fashion-conscious consumer.
In conclusion, these are some of the alternative marketing strategies that Apple might have followed. However, despite these alternative strategies, Apple has been immensely successful, and its marketing strategies have been a key factor in its success.
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Pete would like to respond only to users within his organization with an automatic reply. He is configuring the automatic response. Which option should he select?
answer b
Answer: B: Inside my organization tab
Explanation: edge 2021 unit review
Ralph purchased 4 tires for his van for $539.16. What is the price per tire?
Answer:
134.79 per tire
Explanation:
divide the total by how many
air transport is not dense in
Answer:
La niebla
Explanation
Answer:
Stratosphere
Explanation:
Which is an organizational unit that is useful for collecting and aggregating similar data on separate forms?
Subforms
Subreports
Tab pages
Keyboard shortcuts
Save and Exit
Answer:
a.subforms
Explanation:
Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
The united states and canada conduct broad-based trade with each other. Which aspect of natural capital allows for this trade?.
The united states and Canada conduct broad-based trade with each other. The aspect of natural capital that allows for this trade is Location.
What is trade?Trade involves the transfer of goods and services from one person or entity to another, often for money. Economists refer to a market as a system or network that makes business possible.
An early form of trade, barter, involved the direct exchange of goods and services for other goods and services, i.e. exchange of goods without money. Modern businessmen usually negotiate with an exchange such as money. As a result, buying can be separated from selling or earning. The invention of money greatly facilitated and promoted trade. A trade between two traders is called a bilateral trade, while a trade involving more than two traders is called a multilateral trade.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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a country should specialize in producing the goods for which
A country should specialize in producing the goods for which it has a comparative advantage. Comparative advantage refers to the ability of a country to produce a particular good or service at a lower opportunity cost than other countries.
When a country specializes in producing goods for which it has a comparative advantage, it can benefit in several ways:
Increased efficiency: Specializing in the production of goods where a country has a comparative advantage allows for the efficient use of resources. It enables the country to allocate its resources more effectively and produce goods at a lower cost, leading to increased productivity and efficiency.
Increased output: By focusing on producing goods in which it has a comparative advantage, a country can increase its overall output. This can lead to higher levels of production and economic growth.
Trade opportunities: Specialization allows a country to participate in international trade. By producing goods for which it has a comparative advantage, the country can export these goods and import goods that it may not produce as efficiently. This promotes trade, fosters economic integration, and allows for access to a wider variety of goods and services.
Economic diversification: Specialization can also lead to economic diversification as countries focus on their strengths. This reduces dependence on a limited range of industries or resources and creates a more balanced and resilient economy.
Comparative advantage can change over time, and countries need to continuously assess and adapt their specialization strategies to remain competitive in the global marketplace.
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Trading in foreign currency options would most likely be: __________
a. an appropriate hedging tool for individual investors who want to hedge the risk on specific U.S. exchange-listed stocks.
b. a multinational corporation.
c. someone traveling on vacation for two weeks abroad.
d. a firm in the import and export business.
There are different kinds of trade. Trading in foreign currency options would most likely be an appropriate hedging tool for individual investors who want to hedge the risk on specific U.S. exchange-listed stocks.
Currency option hedgesCurrency option hedges are known to be tools that are used in international business.An example, when an American importer is said to agree to buy some food equipment from a Chinese manufacturer at a later future date. The transaction will be carried out in Chinese currency.
The American importer has therefore made an hedge by buing currency options on the Chinese currency.
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A man in San Rafael County was discovered committing workers' compensation fraud. He had been observed working while at the same time receiving disability benefits. Surveillance showed the man working at an automobile auction. The investigator interviewed the owner of the auction and found that the claimant was being paid $200 per week in cash for washing vehicles and performing other shop tasks. Surveillance video showed the man carrying 25-pound bags of pet food, loading boxes, and rummaging through a trash dumpster. Obviously, he was not hurt very badly. 1. Was surveillance the proper method to use in this case? Why? 2. What are some restrictions to be careful about in conducting surveillance?
Answer:
1. Yes
2. - privacy concerns
- may lack full details.
Explanation:
1. In this scenario the automobile auction house would need to show video evidence of his (San Rafael's) fraud activities to the investigator.
2. Privacy concerns such as how the information gotten from video surveillance is used may pose a challenge.
There's also the reality of a lack of full details. For instance, San Rafael may be deaf a disability that cannot be reflected well on a surveillance video that shows him working.
The stock plan industry in North America is a $70 million per
year industry that started by giving away plans for free.
Group of answer choices
True
False
False.The statement is false. The stock plan industry in North America is significantly larger than $70 million per year.
It is a multi-billion-dollar industry that encompasses various services related to stock plans, including administration, consulting, software, and financial management.
Stock plans are commonly used by companies to offer equity-based compensation to their employees, such as stock s, restricted stock units, and employee stock purchase plans. These plans provide employees with an opportunity to share in the company's success and align their interests with shareholders.
While it is possible that some companies or organizations may have initially offered free stock plan services or resources as a promotional or introductory strategy, the overall stock plan industry is not based on giving away plans for free. It is a robust and profitable industry that involves professional services, software platforms, and specialized expertise to support companies in implementing and managing their stock plans effectively.
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What type of communication provides powerful analytics that allow entrepreneurs to determine the effectiveness of their communication efforts?
O A. Interior communication
О в.
OC.
Nonverbal communication
Social media communication
D. Creativity communication
An appropriate choice is option (c). Business owners can use social media communication's robust analytics to assess the success of their communication efforts.
Social media communications are what?A communication method based on the internet is social media. Users can converse, share knowledge, and publish content online via social media platforms. Social media describes how individuals interact with one another through the creation, sharing, and/or exchange of knowledge and ideas in online groups and networks.
What constitutes effective corporate communication?Interaction between people is facilitated via communication. Entrepreneurs continually aim to enhance their communication skills because doing so will help them share and express their ideas clearly, as well as interact with their team, clients, and coworkers in a better way.
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What is the primary concern for a bank lending funds to a business for the short term?
Liquidity exists the primary concern for a bank lending funds to a business for the short term.
What is Liquidity?Market liquidity is a property of a market that allows a person or company to easily buy or sell an asset without significantly changing the item's price. The trade-off between an asset's sale price and its sale time is what is referred to as liquidity.
A company's liquidity is its capacity to raise money when necessary. The liquidity status of a corporation is primarily determined by two factors. The first is its capacity to turn assets into cash to cover its immediate liabilities (short-term liquidity). The capacity for debt is the second.
It serves as a gauge of your company's capacity to turn assets—or anything else it owns with a monetary value—into cash. It is quick and simple to convert liquid assets into money. A corporation with healthy liquidity may overcome financial obstacles, obtain loans, and make financial plans.
Hence, Liquidity exists the primary concern for a bank lending funds to a business for the short term.
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
The Gallup Organization contacts 1595 male university graduates who have a white collar
job and asks whether or not they had received a raise at work during the past 4 months
Determine the sample
the 595 male university eraduates who have received mise at work.
Male university graduates who have a white collar job
The 1595 male university eraduates who have a white collar iob
Sample contains the 1595 male university eraduates who have a white collar job. Hence, option C is the correct answer.
What is the population?The set of all people, items, or objects that are required for a specific study is defined as the population.
Given that
Population size be N
And the gallup organization contains 1595 male University graduate who have a white collar job and ask whether or not they have received a rise at work during the past four months.
Here sample size is N = 1595
And random variable of interest is white collar job.
It is heavy for researchers to inspect each discrete in the population. Hence, a smaller group of sole (subjects) are selected from the population of interest. Therefore, the group of sole taken from the population of interest is known as the sample.
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To avoid debt, a new business owner should have enough projected revenue to cover expences for the first
A) 6 months
B) year
C) 2 years
D) 5 years
⚠️THIS IS FOR SCHOOL. NO TROLL ANSWERS OR LESS YOU WILL BE REPORTED.⚠️
Answer:
b) a year
Explanation:
PLEASE HELP
Question 3 of 10
Which of the following is the best reason for changing a job title?
A. The person in the job has changed.
B. The job responsibilities have changed.
C. The supervisor for the job has changed.
D. The dress code for the job has changed
Answer:
B
Explanation:
I think that's the most reasonable answer hope I helped :)
If you have $600 and you find an investment that annually yields 3%, how much interest would you earn in 15 years?
Answer:
$270.00 in 15 years
Explanation:
3% of $600 = $18.00 annually
$18.00 x 15 years = $270.00 interest earned
an informal understanding of expected delivery of benefits in the future for current services is referred to as a(n) _____.
An informal understanding of expected delivery of benefits in the future for current services is referred to as an implicit contract.
Implicit contracts are unwritten agreements that exist between parties based on mutual understanding and expectations. They often arise in employment relationships, where employees anticipate certain benefits or rewards for their services, even if not explicitly stated in a formal contract. These implicit contracts can include factors such as job security, career development opportunities, promotions, or other non-monetary benefits.
Implicit contracts, although not legally binding, play a significant role in shaping the employment relationship and the psychological contract between employers and employees. They influence employee behavior, motivation, and commitment based on the expectation of reciprocal treatment from their employers. Implicit contracts are shaped by the organization's culture, past practices, and the general expectations set between the parties involved.
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THERE ARE TEN BUTTONS ON THE TABLE
Answer:
what
Explanation:
..............................cool................
In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Better choose A variant
It is generally least difficult to effectively hedge various types of:
a. translation exposure. b. transaction exposure. c. economic exposure. d. A and C
It is generally least difficult to effectively hedge various types of
b). Transaction exposure.
It is generally least difficult to effectively hedge transaction exposure. Transaction exposure refers to the risk that arises from future transactions or cash flows that are denominated in a foreign currency. This type of exposure can occur when a company engages in international trade, invests in foreign assets, or has foreign currency liabilities.
Hedging transaction exposure involves using financial instruments such as forward contracts, futures contracts, options, or swaps to mitigate the risk of exchange rate fluctuations affecting the value of future transactions. These instruments allow companies to lock in exchange rates in advance, providing certainty about the amount of foreign currency they will receive or pay.
Compared to translation exposure and economic exposure, transaction exposure is generally considered more straightforward to hedge because it deals with specific future transactions that have known amounts and dates. It is possible to match the timing and amount of cash flows with hedging instruments, making it relatively easier to protect against exchange rate fluctuations for those specific transactions.
Translation exposure, on the other hand, relates to the potential impact of exchange rate changes on the financial statements of a company's foreign subsidiaries or investments. Economic exposure refers to the broader risk that exchange rate fluctuations can have on a company's overall competitiveness, future cash flows, and strategic decisions. These types of exposures are typically more complex to hedge due to their broader and less predictable nature.
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