Answer:
Net loss in 2018 reported in Puritan’s income statement = $360,000
Explanation:
Net Loss:
Net loss is the amount by which a company's total costs are more than its total sales during a particular period.
Formula:
Net loss = -taxable income + Income tax benefit
As taxable income for 2018 = $600,000 and Puritan's tax rate is 40% for all years
Therefore by putting the values in the above formula, we get
Net loss in 2018 in Puritan’s income statement = -$600,000 + ($600,000 * 40%)
Net loss in 2018 reported in Puritan’s income statement = -$600,000 + 1500000
Net loss in 2018 to be reported in Puritan’s income statement = $360,000
Answer:
Option A; INSTRUMENTALITY.
Explanation:
The expectancy theory explains the processes an individual undergoes to make choices.
INSTRUMENTALITY is the perception of employees as to whether they will actually get what they desire or not.
Lucas's concern is related to instrumentality because he is not sure whether the on-time performance goal will be met or not, even if he puts more effort and performs as expected of him because there are other individual who may cause the desired result not to happen.
Therefore, based on expectancy theory, INSTRUMENTALITY is most closely related to Lucas's concern.
[preparing trial balance] I am suppose to be preparing a trial balance but base on the accounts and information I have, I have the cost amounts for two years. How would I do that?
Answer: Option D
Explanation: The set of activities done by a company for marketing its product is called marketing mix. These are the factors that affect the marketing results of the entity and should be considered thoroughly while decision making.
Seven elements of marketing mix are :-
1. Product
2. Price
3. Place
4. Promotion
5. Packaging
6. Positioning
7. People
THUS, DISTRIBUTION IS NOT ITS PART.