To prepare the journal entry for Arnold Industries' income taxes for 2022, we need to calculate the taxable income and the related income tax expense based on the information provided.
Taxable income is the amount of income subject to taxation after adjusting accounting income for tax purposes. In this case, the only difference between accounting income and taxable income is the advance rent payment related to the operating lease.
The advance rent payment of $144 million is tax-deductible in 2021, which reduces the taxable income for the year. However, for financial reporting purposes, the advance rent payment represents prepaid rent expense to be recognized equally over the four-year lease term. Therefore, the portion of prepaid rent expense to be recognized in 2022 is $144 million / 4 years = $36 million.
Here is the journal entry to record Arnold Industries' income taxes for 2022:
Income Tax Expense $33 million
Income Taxes Payable $33 million
The income tax expense of $33 million is calculated by applying the tax rate of 25% to the taxable income of $132 million ($168 million - $36 million prepaid rent expense). The income taxes payable account is credited for the same amount.
Note that the income tax expense is based on the taxable income for the year, which is different from the pretax accounting income of $168 million due to the timing difference related to the operating lease.
To know more about taxable income , refer here :
https://brainly.com/question/30617249#
#SPJ11
The demand for this type of good rises when income falls and falls when
income rises.
O substitutes
o inferior
O normal
O complements
Answer:
o inferior
Explanation:
The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises
So this represent that the good is an inferior good
Hence, the second option is correct
The height of the supply curve at a quantity of 100 represents the
Select one:
a. total value of all 100 units to consumers.
b. minimum price required to induce a producer to supply the hundredth unit.
c. equilibrium price of the good regardless of the position of the demand curve.
d. profit derived by producers from the sale of the hundredth unit.
The (B) lowest price necessary to persuade a manufacturer to supply the 100th unit is represented by the height of the supply curve at a quantity of 100.
What is the supply curve?The supply curve in economics is a graphical representation of the relationship between a good's price and the quantity that a seller is willing and able to supply.
The vertical axis of the graph reflects product pricing, while the horizontal axis represents supply quantity.
If a 50% rise in soybean prices causes a 50% increase in production, then soybeans have a supply elasticity of one.
On the other hand, if a 50% increase in soybean prices only increases the quantity offered by 10%, the supply elasticity is just 0.2.
The height of the supply curve at a quantity of 100 represents the lowest price required to induce a producer to supply the 100th unit.
Therefore, the (B) lowest price necessary to persuade a manufacturer to supply the 100th unit is represented by the height of the supply curve at a quantity of 100.
Know more about the supply curve here:
brainly.com/question/11717727
#SPJ4
The ratio of the money supply to the monetary base is called the _______ , and in the U.S. is empirically estimated to have a value close to two
The ratio of the money supply to the monetary base is called the money multiplier, and in the U.S. is empirically estimated to have a value close to two.
The money multiplier is a concept that measures the potential impact of changes in the monetary base on the money supply within an economy. It represents the ratio between the total money supply and the monetary base, which includes currency in circulation and reserves held by commercial banks. In the United States, the empirical estimation of the money multiplier has been observed to be around two, meaning that a change in the monetary base, such as an increase in reserves, can lead to approximately a two-fold change in the overall money supply. This multiplier effect is a result of the fractional reserve banking system, where commercial banks can create money through lending and the process of money creation continues as loans are redeposited and new loans are made. The money multiplier is an important consideration for central banks when implementing monetary policy and managing the overall money supply in an economy.
Learn more about fractional reserve here:
https://brainly.com/question/23943222
#SPJ11
the emphasis of the is to develop an understanding of how the project will be executed and develop a plan for acquiring the resources to execute the plan. planning initiation closeout execution maintenanc
The emphasis of the project planning phase is to develop an understanding of how the project will be executed and to develop a plan for acquiring the resources to execute the plan.
During this phase, project managers and stakeholders work together to define project objectives, scope, deliverables, and milestones. They identify the tasks, activities, and dependencies required to complete the project successfully. Additionally, they determine the necessary resources, such as human resources, equipment, and materials, and create a plan to acquire and allocate these resources efficiently. The project planning phase sets the foundation for the project execution by outlining the roadmap and strategies for achieving project goals effectively and within the allocated resources.
To know more about project planning :
https://brainly.com/question/30187577
#SPJ4
The complete question is:
The emphasis of the _____ is to develop an understanding of how the project will be executed and develop a plan for acquiring the resources to execute the plan.
What is the author's main claim or argument?
Pizza is the best
One study estimates that if India used the human and physical capital that it does have as efficiently as the United States uses its capital, it would be four times richer than it is today. This demonstrates the importance of:Please choose the correct answer from the following choices, and then select the submit answer button.Answer choicespolitical stability as an important institution.a dependable legal system as an institution.honest government as an institutionpetitive and open markets as an institution.
Answer:
The correct option is: Competitive and open markets as an institution.
Explanation:
The United States has managed to enhance the country's human capital by opening new markets and providing job opportunities to many people.
Similarly, India needs to create new marketing policies where people are encouraged to prepare, to be more competitive and to work hard to achieve a better socioeconomic development of the country.
India needs to know the market and enhance the formation of human capital.
Which activity in the resource management planning process may be used by organizations to analyze their potential needs for resources
Acquire, Store, and Inventory Resources activity in resource management is
used by organizations to analyze their potential needs for resources.
What is Acquire, Store, and Inventory Resources activity?This resource activity entails the process by which goods and services are
available in the organization. Records in the inventory helps to monitor the
availability so as to prevent scarcity or incidences of them not being in
circulation.
Features of resource management planningThe resource management planning usually involves activities such as
acquiring the goods, storing them and records of their inflow and outflow in
the organization.
Read more about Resource management here https://brainly.com/question/25443563
Lululemon's website encourages individuals interested in employment to inquire in-store; this is an example of:
A. training
B. internal recruitment
C. external selection
D. internal selection
E. external recruitment.
The fact that those interested in employment are advised to inquire in-store is an example of C. External selection.
What is external selection?This refers to an employment type where those who are allowed to be employed are people from outside the company alone and not current staff.
In this case, Lululemon is asking for prospective from outside the store to inquire in the store. This means that those to be selected will come from outside.
In conclusion, option C is correct.
Find out more on recruitment at https://brainly.com/question/25236222.
true or false. Margo is a district manager who oversees several store managers in a national chain of department stores. Margo reports directly to the vice president of stores and marketing, a member of top management. Margo is a middle manager.
The statement is True. Margo is a district supervisor who oversees numerous store managers in a countrywide chain of department shops. Margo reviews without delay to the vice president of stores and advertising, a member of pinnacle control. Margo is a center manager.
Management is how corporations prepare and direct workflow, operations, and employees to fulfill the organization's dreams. The number one purpose of management is to create an environment where we could employees' paintings successfully and productively.
The simple means of management is acting things properly. control way of organizing and coordinating an enterprise's activities to reap specific objectives. In different words, control is planning, organizing, controlling, and leading an organization to reap its particular desires. control has specific factors. Management is the process of main, coordinating, and administering duties to accomplish desires. The 5 operations of management are aim placing, business enterprise, group control, goal monitoring, and leadership. control calls for ideas like KPI reporting and verbal exchange.
To learn more about Management visit here:
brainly.com/question/29023210
#SPJ4
. producers have little incentive to produce a public good because a. the social benefit is less than the private benefit. b. the social benefit is less than the social cost. c. there is a free-rider problem. d. there is a tragedy of the commons.
A producers have little incentive to produce a public good because there is a free-rider problem. The Option C is correct.
What is the problem of free-rider?In social sciences, a free-rider problem refers to a type of market failure that occurs when the people that benefit from resources, public goods, or services of a communal nature do not pay for them or under-pay for such things. So, in essence, a free riders are a big problem because while not paying for the good, the people may continue to access or consume it.
Read more about free riders
brainly.com/question/25800077
#SPJ1
What is the top three criteria to be used to ensure timeline and accuracy of fixed
is request received
The following three factors must be met in order for requests for fixed income at timeline to be timely and accurate: clear and comprehensive directions: To prevent misunderstandings or misinterpretations, make sure the customer gives precise and specific instructions for the fixed income request.
Communicating promptly: Keep the lines of communication open with the customer to enable rapid notification of any modifications or updates to the request. complete documentation To guarantee accuracy and accountability, keep a record of all requests for fixed income and the related guidance and interactions.
Therefore, taxonomy alignment refers to an eligible economic activity that is meeting minimum standards for rights and significantly advancing at least one of the climate and environmental objectives, while also causing no appreciable harm to the other objectives.
Learn more about timeline Visit: brainly.com/question/24508428
#SPJ4
In the U.S., shoe sizes are defined differently for men and women, but in Europe, both sexes use the same shoe size scale. The accompanying histogram shows the European shoe sizes of 269 male and female college students, converted from their reported U.S. shoe sizes. What might be the problem with either the mean or the median as a measure of center?
a. The distribution is bimodal, so it is more useful to report the modes than the mean or median.
b. The distribution does not have any modes, because it is uniform.
c. The distribution has one mode from 44 to 49. This is due to the students having noughly the same mean shoe size.
d. The distribution has one mode from 38 to 40. This is due to the students having noughly the same mean shoe size.
The problem with using the mean or median as a measure of center is that a) the distribution of the data is bimodal, indicating that there are two distinct groups of shoe sizes.
The histogram shows that one group has shoe sizes from 38 to 40, while the other group has shoe sizes from 44 to 49. This suggests that the two groups have roughly the same mean shoe size, but different distributions.
Therefore, the mean or median are not good measures of center because they do not accurately reflect the underlying distribution of the data. It would be more useful to report the modes instead, which represent the most frequent shoe sizes in the data.
For more questions like Mean click the link below:
https://brainly.com/question/8074804
#SPJ4
Question # 1
Long Text (essay)
Submit your work for Part A, a crime study, and for Part B, creating a law and codifying a crime.
C r i m e is a complex social phenomenon that requires a multidisciplinary approach to understand and address. Creating laws and co di f ying c r i m e s is an essential component of the criminal justice system and can help address societal problems such as C y b e r b u l l y i n g.
What informs the c r ime study?Part A: Crime Study:
Understanding crime and its causes is critical in developing effective crime prevention strategies and maintaining social order. The study of crime also involves understanding the criminal justice system, which is responsible for maintaining law and order and punishing offenders. Law enforcement agencies are responsible for investigating crimes, arresting offenders, and bringing them to trial. The courts are responsible to determine guilt and administer punishment. The correctional institutions are responsible of rehabilitating offenders.
In conclusion, crime is a complex social phenomenon that requires a multidisciplinary approach to understand and address. Understanding the causes of crime and the criminal justice system is critical in developing effective crime prevention strategies. Creating laws and codifying crimes is an essential component of the criminal justice system and can help address societal problems such as c y b e r b u l l y i n g.
learn more about c o d i f y ing crimes: https://brainly.com/question/14020346
#SPJ1
Which person would most likely want to invest all of his or her savings in a
hedge fund?
A. A retiree who is most interested in keeping her deposits safe
B. A student who wants his money to grow as quickly as possible
C. A teacher who would like to have a diversified set of investments
D. A doctor who wants to avoid paying taxes on retirement income
SUBMIT
Answer:
C. A teacher who would like to have a diversified set of investments
Customer response time is: A. the time taken for value to be placed on a company's products by customers. B. the time taken for development of a new process for producing products and delivering them to customers. C. the time taken for given inputs to be converted into an output. D. the time taken for development of products that have superior attributes to existing products. E. the time taken for a good to be delivered or a service to be performed.
There are ways to treat a customer. Customer response time is the time taken for a good to be delivered or a service to be performed.
What is Customer response time?Customer response time is known to be the timeframe or period between the placement of a said order and the date of the delivery goods or services.
It is also known as the time between when a customer is said to makes a certain inquiry about a specific product or make a purchase of good or service and when it is said to be received by the customer.
Learn more about Customer from
https://brainly.com/question/26313265
discounted cash flow techniques are generally recognized as the best conceptual approaches to making capital budgeting decisions. a) true b) false
The main answer is: a) true. Discounted cash flow (DCF) techniques, such as net present value (NPV) and internal rate of return (IRR), are widely regarded as the best conceptual approaches for making capital budgeting decisions.
DCF takes into account the time value of money and provides a more comprehensive analysis of cash flows over the life of a project. By discounting future cash flows back to their present value, DCF techniques allow for a more accurate assessment of a project's profitability and its potential to create value for the company. These techniques help in evaluating the long-term financial viability of investment projects and enable better decision-making by considering both the magnitude and timing of cash flows. Therefore, option a, "true," reflects the general consensus that DCF techniques are the preferred approach for capital budgeting decisions.
learn more about:- Discounted cash flow here
https://brainly.com/question/28238360
#SPJ11
true or false: grouping two or more products together and pricing them as a unit is called stacking.
The statement "grouping two or more products and pricing them as a unit is called stacking" is false.
Grouping two or more products and pricing them as a unit is called "bundling" rather than stacking. Stacking refers to the practice of applying multiple discounts or promotions to a single product or purchase. Stacking generally refers to the arrangement or organization of objects, while bundling is a pricing strategy that involves offering multiple products together at a single, often discounted, price. In bundling several products are grouped and sold as a single unit. Bundling is a strategy used to encourage customers to buy more products.
know more about pricing here : https://brainly.com/question/25716956
#SPJ11
NYSE MARKET DIARY
Yesterday Prev. Day
Advanced 577 827
Declined 1963 1757
Unchanged 455 388
Total Issues 2995 2972
New Highs 10 13
New Lows 91 78
Based on the information presented for both days, a technical analyst would conclude that the market:
A. is in a consolidation phase
B. breadth indicates a strong bullish trend
C. breadth indicates a strong bearish trend
D. is peaking and will soon enter a downturn
when a firm generates external benefits, a more efficient outcome would result if
When a firm generates external benefits, it means that the positive impact of the firm's activities spills over to benefit other parties outside of the transaction. In this case, a more efficient outcome would result if the external benefits were taken into account in the decision-making process. This can be achieved through a detailed analysis of the externalities involved.
A detailed analysis would involve identifying the nature and magnitude of the external benefits and their impact on third parties. The analysis would also need to consider the costs and benefits of internalizing the externalities, either through government intervention or private agreements. Internalizing the external benefits would mean that the firm would be incentivized to produce more of the positive effects, leading to a more efficient outcome.
However, it is important to note that internalizing external benefits may not always be feasible or efficient. In some cases, the costs of internalization may outweigh the benefits, or the externalities may be too complex to quantify accurately. In such cases, alternative solutions, such as market-based mechanisms or social norms, may be more appropriate.
In summary, a detailed analysis of external benefits is crucial in achieving a more efficient outcome. This involves identifying the externalities involved, considering the costs and benefits of internalizing them, and exploring alternative solutions if internalization is not feasible or efficient.
To know more about External Benefits visit:
https://brainly.com/question/21506112
#spj11
Zelda’s day consists of checking her e-mail, holding meetings, and organizing and reviewing text. Which Arts, A/V Technology, and Communication career pathway is Zelda working in?
Answer:
The correct answer will be "Printing technology".
Explanation:
Printing technology has become a course of study which always entails comprehensive evaluation as well as operator of email messages, as well as editing manuscripts to ensure that the interests of customers.A profession where certain you accomplish or conduct for something and communicate with other people.12. The right to own a business is referred to as the right
Which are Career and Technical Student Organizations? Select six options.
The career and the technical organizations are:
Business professionals of America. skillsusaAmerican Chemical SocietyDecaFuture business leaders of AmericaFcclaWhat is a career organization?This is the term that is used to refer to the organization that is created that does the job of making people to become professionals in a particular field of business
The technical organizations are the organizations that are made that helps to teach the people technical skills that are needed in a vocation.
Read more on organizations here: https://brainly.com/question/19334871
#SPJ1
Complete question
Which are career and technical student organizations? select six options. business professionals of america american association of school administrators american chemical society deca future business leaders of america ffa skillsusa fccla
It will pay a dividend of $7 per share at the end of the year. its beta is 1.0. What must investors expect the stock to sell for at the end of the year?
The answer is \($\$ 114.8$\)
Calculate the expected return using CAPM approach as follows:
\($$\begin{aligned}\text { Expected return } &=\text { Risk-free rate }+\text { Beta } \times(\text { Return on market portfolio }-\text { Risk-free rate }) \\&=7 \%+1 \times(16 \%-7 \%) \\&=7 \%+9 \% \\&=16 \%\end{aligned}$$\)
How to calculate the price at the end of the year?
Price at the end of year = Price today \($\times(1+$\) Expected return \($)$\)
\($$\begin{aligned}&=\$ 105 \times(1+0.16) \\&=\$ 121.8\end{aligned}$$\)
The dividend is deducted from the price at the end of year as after the dividend declaration the stock price tend to reduce. Calculate the expected selling price of share as follows:
Expected selling price = Price at the end of year - Dividend
\($$\begin{aligned}&=\$ 121.8-\$ 7.0 \\&=\$ 114.8\end{aligned}$$\)
Therefore, the expected selling price of share is \($\$ 114.8$\).
To learn more about dividend declaration the stock price visit:
https://brainly.com/question/14292918
#SPJ4
at the end of 2021, koosharem corp. calculated and recorded $50,000 in depreciation on a building that it had purchased five years earlier. how will this depreciation affect koosharem’s 2021 financial statements?
The effect of depreciation on koosharem’s 2021 financial statements is that it would lead to a decrease in the net income and a decrease in assets.
Depreciation is a method that is used to decrease the carrying value of an asset due to wear and tear.
There are different methods that can be used to determine the depreciation of an asset. They include:
The double-declining method The straight line deprecation methodThe unit of production depreciation method Sum of the years deprecation method.Building is considered as an asset to the business. It is a type of fixed asset. The carrying value of the building on the balance sheet would be reduced by $50,000. Depreciation is an expense. This would lead to an expense of $50,000 which would reduce net income by the same amount.
To learn more about depreciation, please check: https://brainly.com/question/24002169?referrer=searchResults
8 6 4 Question 11 2 10 Price Quantity demand 2 4 6 8 10 Quantity supply 10 8 6 4 2 Shortage of supply/ shortage of demand a) Using the following scheduled price and quantity develop a demand curve and
To develop a demand curve based on the given price and quantity data, we can plot the points on a graph and then connect them to form a line. Here are the price and quantity data provided:
Price:
2
4
6
8
10
Quantity Demanded:
10
8
6
4
2
Plotting these points on a graph, where the x-axis represents quantity and the y-axis represents price, we can connect the points to form the demand curve. Here's the resulting demand curve:
Demand
|
12 |
|
10 | o
| o
8 | o
|
6 |
|
4 |
|
2 |___________________
0 2 4 6 8 10
Quantity
The demand curve slopes downward from left to right, indicating the inverse relationship between price and quantity demanded. As the price increases, the quantity demanded decreases, and vice versa.
Please note that the specific shape of the demand curve would depend on the specific data points provided and their distribution. The given points in this case suggest a linear demand curve, but in reality, demand curves can take different shapes, including linear, concave, or convex, depending on various factors such as consumer preferences, market conditions, and elasticity of demand.
To know more about demand curve,
https://brainly.com/question/28374935#
#SPJ11
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
What topics should be included in the marketing plan?
Answer:
Price Place Promotion Product
Explanation:
It is pretty self explanatory.
Evergreen Credit Corporation wants to earn an effective annual return on its consumer loans of 18. 2 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers
The interest rate that Evergreen Credit Corporation is required by law to report to potential borrowers is the annual percentage rate (APR).
The APR is a standardized measure used to disclose the cost of borrowing to consumers. It includes both the nominal interest rate and any additional fees or charges associated with the loan. The APR provides borrowers with a way to compare the true cost of borrowing between different lenders.
In this case, Evergreen Credit Corporation wants to earn an effective annual return of 18.2 percent on its consumer loans. Since the bank uses daily compounding, the interest rate that they would be required to report as the APR would be higher than the nominal rate. The specific calculation to determine the APR for daily compounding would depend on the exact terms and compounding frequency of the loan.
To accurately calculate the APR in this scenario, more information about the loan terms and compounding period would be needed.
learn more about "Corporation ":- https://brainly.com/question/15096026
#SPJ11
Advantage In Trade? Multiple Choice A Weak Currency Implies Low Translation Costs. A Weak Currency Allows Citizens To Consume More Imports. A Weak Currency Is Associated With Strong Trade Policy. A Weak Currency Makes A Country’s Imports More Attractive. A Weak Currency Boosts Exports Sales For The Country.
How does a weak currency give a country an unfair advantage in trade?
Multiple Choice
A weak currency implies low translation costs.
A weak currency allows citizens to consume more imports.
A weak currency is associated with strong trade policy.
A weak currency makes a country’s imports more attractive.
A weak currency boosts exports sales for the country.
A weak currency give a country an unfair advantage in trade when A weak currency boosts export sales for the country.
When a country's currency is weak, it means that its value relative to other currencies is lower. This can make the country's exports more affordable and competitive in international markets. As a result, foreign buyers may be more inclined to purchase the country's goods and services, leading to increased export sales. This can provide an advantage in trade by boosting a country's export-oriented industries and potentially improving its trade balance.
Know more about weak currency here:
https://brainly.com/question/1437489
#SPJ11
Basil, a clerk at Cycle World, takes a bicycle from the store without the owner's permission. Basil is liable for conversiona.
a. if he damages the bicycle.
b. if he fails to prevent a theft of the bicycle from his possession.
c. if he does not have a good reason for taking the bicycle.
d. under any circumstances.
Basil, a clerk at Cycle World, takes a bicycle from the store without the owner's permission. Basil is liable for conversion if he does not have a good reason for taking the bicycle. In the absence of a valid justification, the clerk would be charged with stealing the bike.
There are several differences between stealing and conversion, including the fact that stealing necessitates the taking of another person's property without their permission, whereas conversion necessitates the wrongful deprivation of another person's property.The bicycle belongs to the store owner, and as an employee, Basil is not authorized to take it from the store without the owner's permission.
The act of stealing or taking the bicycle without the owner's consent is considered conversion, and Basil will be held accountable for his actions.The term 'conversion' refers to the unauthorized control over another person's property that is inconsistent with the owner's legal rights. Under any circumstances, the owner's property should be respected and not taken without their permission, as it is considered theft.
To know more about bicycle visit:-
https://brainly.com/question/29765794
#SPJ11