Answer:
rent seeking company
Explanation:
Currently most large corporations operate as monopolies or oligopolies which gives them huge market power and they generally abuse of it.
Rent seeking happens when companies (usually very large companies) increase their profits without an increase in productivity.
Corporations seek higher rent usually through lobbyists that obtain political favors for them, e.g. lower taxes, grants, subsidies, or tariff protection.
Answer:
b. 23.8%
Explanation:
For computing the percentage difference, we have to compute the Pre-tax income of both corporations and the partnership
For corporations:
Pre-tax income = (1 - corporate tax rate) × (1 - personal tax rate)
= (1 - 0.34) × (1 - 0.30)
= 0.66 × 0.70
= 0.462 or 46.2%
For partnership:
Pre-tax income = (1 - personal tax rate)
= (1 - 0.30)
= 0.70 or 70%
So, the difference would be
= 70% - 46.2%
= 23.8%
waiters and people who serve your food
Answer: The correct answer is "a. You may have to tell your accountant to conduct reconciliations to ensure that the rates in the system make sense when compared to actual rates.".
Explanation: Paul should surely recommend that your accountant verify the rates applied in the accounting system have reliability and are correctly related to the actual rates and if not, perform the necessary reconciliations.
Answer:
A. The amount of fixed overhead deferred in inventories is $60,000
Explanation:
Unit product cost
Year 1 Year 2
Direct materials $12 $12
Direct labor $5 $5
Variable manufacturing
overhead $5 $5
Fixed overhead
$48 $36
($432,000 ÷ 9,000) ($432,000 ÷ 12,000)
unit product cost $70 $58
Fixed overhead deferred (1,000 × $48) $48,000
Fixed overhead released -$48000
Fixed overhead deferred (3000 × $36) $108,000
Net $48,000 $60,000
The amount of fixed overhead deferred in inventories is $60,000