tim was just hired today by mab inc and wants to join the company's group insurance policy. what period of time is he currently in and when can he join the plan? eligibility period, he has 30 days to sign up blackout period, he can sign up after 90 days probationary period, he can sign up after 90 days probationary period, he can sign up after 45 days
Answers
Tim will likely have to wait until the end of his probationary period, which in this case is 90 days, to become eligible to join the company's group insurance policy.
He is currently in the probationary period of his employment, which typically lasts for a specified period, often 90 days, during which the employer assesses his suitability for the job.
Generally, group insurance policies have an eligibility period, which is a period of time an employee must wait before being eligible to enroll in the plan.
In most cases, the eligibility period is the same as the probationary period, and employees must wait until it's over before they can enroll in the group insurance policy.
Therefore, Tim will likely have to wait until the end of his probationary period, which in this case is 90 days, to become eligible to join the company's group insurance policy.
It's important for employees to understand the eligibility period and enrollment deadlines to ensure that they have adequate coverage and don't miss the enrollment window.
It's also crucial for employers to communicate the enrollment process and deadlines to their employees to avoid confusion and ensure that they have a healthy and productive workforce.
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Related Questions
There is some evidence that the triple bottom line has increasing importance in organizations, what roles does the operations and supply chain function play if an organization is looking to improve its triple bottom line?
Answers
The operations and supply chain function plays a crucial role in improving an organization's triple bottom line. By adopting sustainable practices, optimizing processes, and fostering responsible sourcing
This includes reducing waste, minimizing carbon footprint, ensuring ethical sourcing, promoting supplier diversity, and enhancing operational efficiency through innovation and technology. The function also plays a vital role in managing risks, ensuring compliance with regulations, and fostering collaboration with stakeholders to drive sustainable outcomes.
The operations and supply chain function plays a significant role in improving an organization's triple bottom line, which encompasses social, environmental, and economic dimensions. To enhance social performance, the function can prioritize ethical sourcing and supplier diversity, ensuring that the organization engages with suppliers who uphold fair labor practices, diversity, and inclusion.
By considering the social impact of sourcing decisions, such as supporting local communities or minority-owned businesses, the function can contribute to positive social outcomes. In terms of environmental performance, the operations and supply chain function can implement sustainable practices to reduce the organization's carbon footprint and minimize waste generation.
This includes adopting energy-efficient technologies, optimizing transportation and logistics processes to reduce emissions, implementing recycling and waste management programs, and promoting circular economy principles. By integrating sustainability into the design, production, and distribution processes, the function can drive environmental stewardship and resource efficiency.
From an economic perspective, the operations and supply chain function plays a crucial role in improving financial performance. By optimizing processes, streamlining supply chain operations, and reducing costs, the function can contribute to increased profitability. This can be achieved through initiatives such as lean manufacturing, efficient inventory management, demand forecasting, and supplier relationship management.
Moreover, the operations and supply chain function plays a vital role in managing risks and ensuring compliance with regulations. This includes monitoring and mitigating supply chain risks, such as disruptions, ethical issues, and environmental impacts. By implementing robust risk management strategies, the function helps protect the organization's reputation and ensures responsible business practices.
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consider if this is the best site for comparison based on george's criteria
Answers
George Whistleblowing Decision Criteria. Permissive Whistle Blowing per De George criteria The harm that will be done by the product [or company action] to the public is serious and considerable.
What is the most popular way to structure your thoughts while comparing and contrasting things?In order to organize a compare and contrast essay, there are two main methods. Organize the topics themselves, starting with the first. Organize your discussion into distinct points, then talk about each topic in connection to each point.
What does a comparison criterion mean?Risk, cost, benefit, and practicability are examples of comparison criteria that are defined in R18-16-407(H) (3). The meaning of "community involvement area" is the same as that given in A.R.S. 49-281. (3). comparison standards entail.
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Which balance shows the amount of money you can use now? Checking balance Current balance Available balance Pending balance
Answers
The balance that shows the amount of money you can use now is Available balance.
What is available balance?Available balance can be defined as the amount of money that is available for you to use.
This simply means that you can carryout transaction on you account based on the money in your account such as withdrawing.
Inconclusion the balance that shows the amount of money you can use now is Available balance.
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the value of 4 + -3 take away negative 7 is
Answers
Answer:
-6
Explanation:
1-7 =-6
hat changed in the business world regarding data availability and acquisition that would explain the analytics explosion we have 10 years later?
Answers
Overall, the increased availability and acquisition of data has been a key driver of the analytics explosion we have seen in the past decade.
Over the past decade, there has been a significant increase in the amount of data that businesses can access and collect. This is due to advancements in technology that have made it easier and more cost-effective to store and process large amounts of data. Additionally, there has been a shift towards a more data-driven approach to decision making in the business world. As businesses recognize the value of data in understanding customer behavior, optimizing operations, and identifying new opportunities, there has been a greater focus on acquiring and analyzing data. This has led to an analytics explosion as businesses seek to gain insights from the vast amounts of data they have access to.
Over the past decade, the business world has experienced an analytics explosion due to significant changes in data availability and acquisition. Advancements in technology and the rise of the internet have led to an increase in data generation, making large volumes of data accessible to businesses. Additionally, the development of sophisticated data acquisition tools and platforms has streamlined the process of collecting and analyzing this data. These factors have contributed to the analytics explosion, empowering businesses to make more informed decisions and improve their overall performance.
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How many acres are in a description reading, "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4"?
Answers
The main answer is that the description "The NW¼ of the SE¼ and the S½ of the SW¼ of the NE¼ of Section 4" does not provide enough information to determine the exact number of acres.
The description only specifies the fractional parts of various quarters within Section 4, but it does not specify the size of the section or the size of each quarter.
To determine the number of acres, we need to know the total area of Section 4 in acres. A section of land typically consists of 640 acres, but the exact size can vary depending on the jurisdiction or survey system being used. Once we know the total area of Section 4, we can calculate the number of acres based on the given fractional parts.
For example, if Section 4 is 640 acres, the NW¼ of the SE¼ would be (1/4) * (1/4) * 640 = 40 acres. The S½ of the SW¼ of the NE¼ would be (1/2) * (1/4) * (1/4) * 640 = 20 acres. However, without the information on the size of Section 4, we cannot accurately determine the total number of acres based on the given description.
In summary, the provided description only specifies fractional parts of various quarters within Section 4, and without the total area of Section 4, it is not possible to determine the exact number of acres.
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Two-thirds of a number is two more than one-half of another number. The sum of the number is 129. Find the numbers.
Answers
Answer: 57 ; 72
Explanation:
Given information
2/3 of a number is 2 more than (1/2) of another number
Sum = 129
Set variables
Let x be the first number
Let y be the other number
Set system of equations
\(1)~\dfrac{2}{3} x=\dfrac{1}{2} y+2\)
\(2)~x + y=129\)
Eliminate fractions in the 1) equation
\(\dfrac{2}{3} x\times6=\dfrac{1}{2} y\times6+2\times6\)
\(4x=3y+12\)
Move x and y onto the same side
\(4x-3y=12\)
Current System
\(1)~4x-3y=12\)
\(2)~x + y=129\)
Multiply 3 on both sides in 2) equation
\(x\times3 + y\times3=129\times3\)
\(3x+3y=387\)
Current System
\(1)~4x-3y=12\)
\(2)~3x+3y=387\)
Add 1) equation and 2) equation together
\((4x - 3y)+(3x+3y)=(12)+(387)\)
Expand parenthesis and combine like terms
\(4x - 3y + 3x + 3y = 12 + 387\)
\(4x + 3x - 3y + 3y=399\)
\(7x=399\)
Divide 7 on both sides
\(7x\div7=399\div7\)
\(\Large\boxed{x=57}\)
Substitute the x value into one of the equations to find the y value
x + y = 129
(57) + y = 129
y = 129 - 57
\(\Large\boxed{y=72}\)
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shop its made by me clothing! 25% off every purchase for limited time!! shop now!
Answers
Ok I will shop there
Julia just graduated college and is beginning her new career. Being concerned about her financial future, she wants to
begin investing now. At her young age, which would be the BEST option for her to start investing in?
Answers
She could start investing early by using mutual funds, which are the greatest alternative.
The right response is B.
Which investment strategy is ideal for a young person?Your idle funds may find safety and liquidity in money market funds, savings accounts, and short-term CDs. Depending on your individual financial circumstances, you should retain a certain amount in these investments, although most financial experts advise keeping at least three to six months' worth of living expenses in these investments.
What are millennials currently investing in?After thoroughly researching the costs and the fund's portfolio, passive young investors should consider investing in ETFs. ETFs that invest in equities and are actively managed expose you to the risk of various business stocks.
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24.06When is inflation an important issue in conducting an analysis and creating a business plan? Why bother?
Consider various options for pursuing new market opportunities. How could the options for pursuing market opportunities be applied to your career planning at various stages in your career? (Think of your skills as the products you have to offer.
Answers
Inflation is a general rise in the price level, causing a decline in purchasing power. Inflation has an impact on the analysis and creation of a business plan, in that it reduces the value of assets and increases the cost of materials and labor.
Therefore, when considering the company's financial health and forecasting the business's future, inflation must be considered as an important factor. Understanding inflation is vital in developing a successful business plan since it affects the level of expenditure that a company incurs. A business must adjust its strategies according to inflation rates to sustain profitability.
For example, if a company's product price remains constant but inflation is increasing, its profits will be negatively affected since its cost will rise. Hence, it becomes vital for businesses to conduct their analysis to create an effective business plan that factors in inflation rates. Pursuing new market opportunities can be accomplished by expanding your skills to stay up-to-date with the latest industry trends.
For example, if you have experience in digital marketing and wish to expand your skills to gain a competitive edge, you can attend conferences, workshops, or even take online courses. This not only helps to pursue new market opportunities but also enables you to stay competitive in your career. To conclude, the options for pursuing market opportunities can be applied to your career planning at various stages by investing time and effort to expand your skillset.
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pluto inc. borrows $3,000 from second national bank by signing a promissory note. recording this transaction will include which of the following? multiple select question.
a. Debit cash
b. Credit note payable
Answers
Recording the transaction of Pluto Inc. borrowing $3,000 from Second National Bank by signing a promissory note will involve both debiting cash and crediting note payable.
When Pluto Inc. borrows $3,000 from Second National Bank by signing a promissory note, the transaction needs to be recorded in the company's accounting records. This involves applying the rules of double-entry bookkeeping, which means that both a debit and a credit entry are necessary.
Firstly, the company receives $3,000 in cash from the bank. The cash account is an asset account, and when an asset increases, it is debited. Therefore, the transaction will include a debit entry to the cash account, indicating an increase in cash.
Secondly, Pluto Inc. incurs a liability to Second National Bank in the form of a note payable. Note payable is a liability account, and when a liability increases, it is credited. Hence, the transaction will also include a credit entry to the note payable account, indicating an increase in the liability owed to the bank.
By debiting cash and crediting note payable, the transaction is properly recorded, reflecting the borrowing of $3,000 by Pluto Inc. and the corresponding liability created with Second National Bank.
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What is the return rate for brick-and-mortar stores?
A. 10%
B. 20%
C. 3%
D. 15%
Answers
The return rate for brick-and-mortar stores that one will receive is 3%. Hence, Option C is correct.
What is the return rate?A return rate is something that an individual receives in exchange or returns for something else. One can receive this return in various cases, like when someone has lent money to someone for a particular period of time.
In other words, the return rate, or rate of return, is the amount received after making any type of investment. The amount that they will receive in addition to that particular amount is the amount that gets after the calculation of the percentage of the return rate, and that percentage is fixed.
Therefore, it is the return that one has to make after the completion of the time period for which the investment has been made. Option C is correct.
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mr.marlon pays minimum wage to the cashiers in his store. if minimum wage is $7.25 per hour, how much does a cashier make who works 80 hours per week
Answers
Answer:
580
hour × rate
80 × 7.25
What limits the amount that a policyowner may borrow from a whole life insurance policy?
A Premiums paid
B Amount stated in the policy
C Face amount
D Cash value
Answers
Cash value limits the amount that a policyowner may borrow from a whole life insurance policy. Option D is correct.
The amount that a policyowner may borrow from a whole life insurance policy is limited by the cash value of the policy. The cash value is the accumulated savings component of the policy, which grows over time as premiums are paid and investment earnings are credited. When a policyowner borrows from the policy, they are essentially using their own accumulated cash value as collateral for the loan.
The maximum borrowing limit is typically a percentage of the cash value, and the policyowner can choose to repay the loan or allow it to be deducted from the death benefit upon their passing. Therefore, the cash value serves as the primary determinant of how much a policyowner can borrow from a whole life insurance policy.
Option D holds true.
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Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answers
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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3iii. suppose this firm operates in perfectly competitive markets, and the market wage rate is $32 per worker per hour. how many workers does the following perfectly competitive firm want to hire to maximize profits? a. 27 b. 28 c. 29 d. 30 e. 31
Answers
Since the firm cannot hire a fractional number of workers, the profit-maximizing number of workers to hire if the market wage rate is $20 per worker per hour is 12 workers.
To determine the profit-maximizing number of workers for a perfectly competitive firm, we need to find the number of workers that equates the marginal cost of labor to the marginal revenue product of labor.
Given that the marginal product of labor is 25 units and the price of the output is $10, the marginal revenue product of labor is:
MRP = marginal product of labor x price of output
= 25 x $10
= $250
The marginal cost of labor for the firm is the wage rate, which is $20 per worker per hour.
To maximize profits, the firm should hire workers up to the point where the MRP equals the wage rate. Thus, the profit-maximizing number of workers is:
MRP = wage rate
$250 = $20 per worker per hour x n workers
n = 12.5 workers
Since the firm cannot hire a fractional number of workers, it should hire 12 workers to maximize its profits.
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The complete question is :
If the marginal product of labor for a perfectly competitive firm is 25 units and the price of its output is $10, what is the profit-maximizing number of workers to hire if the market wage rate is $20 per worker per hour?
developing a product strategy involves studying your product and company features but does not involve configuring value-added solutions. true/false
Answers
The statement , "developing a product strategy involves studying your product and company features but does not involve configuring value-added solutions" is False , because it involve configuring value-added solutions.
The Product Strategy is defined as a plan that outlines how a company will market, sell, and support a product or service.
This involves understanding customer needs and preferences, analyzing competitors, identifying market opportunities, and developing a unique value proposition that sets product apart from others in market .
A key aspect of developing a product strategy is identifying the value-added solutions that the product offers to customers.
This may involve configuring the product to meet specific customer needs or developing additional features and services that enhance the value of the product.
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Orlando invested $16,000 in an eight-year CD bearing 6. 5% simple annual interest, but needed to withdraw $3,500 after five years. If the CD’s penalty for early withdrawal was one year’s worth of interest on the amount withdrawn, when the CD reached maturity, how much less money did Orlando earn total than if he had not made his early withdrawal? a. $227. 50 b. $682. 50 c. $910. 00 d. $455. 00 Please select the best answer from the choices provided A B C D
Answers
Orlando earned $455.00 less in total due to his early withdrawal from the CD. The correct answer is d. $455.00.
To calculate the difference in earnings, we need to determine the interest Orlando would have earned if he had not made the early withdrawal and compare it to the amount he actually earned.
The CD had a term of 8 years and a simple annual interest rate of 6.5%. After 5 years, Orlando decided to withdraw $3,500. Since the penalty for early withdrawal was one year's worth of interest on the amount withdrawn, we can calculate the penalty amount.
The penalty amount for early withdrawal would be 6.5% of $3,500, which is $227.50.
Now, let's calculate the interest that Orlando would have earned if he had kept the CD until maturity. The interest earned for the remaining 3 years would be 6.5% of $16,000, which is $3,120.
The difference in earnings is the penalty amount minus the interest Orlando would have earned in those 3 years, which is:
$227.50 - $3,120 = -$2,892.50.
Since the question asks for the "less money" earned, we consider the negative value as positive. Therefore, Orlando earned $2,892.50 less, which is rounded to $455.00.
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need help fast!!!!!!!! :(
Compound interest is usually better than simple interest because it pays
A: interest on the principal and the interest earned in each period.
B: interest on the entire principal rather than the interest in each period.
C: more, as it is matched by an employer’s 401k contribution.
D: more often throughout the year rather than once a year.
Answers
Compound interest pays interest on the principal and the interest earned in each period.
Option A. is correct.
Define Compound interest.Compound interest is a type of interest that pays interest on both the principal or the interest earned over time.
Because compound interest is paid on both the principal or the interest gained in each period, it is frequently preferable to simple interest.
So, option A. is correct.
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Interest on the principal and the interest earned in each period is the reason of Compound interest is usually better than simple interest. Hence, option A is correct.
What is simple interest?Simple interest is the simple way of calculating of the interest of the loan or anything. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
The formula of simple interest is SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period.
Thus, option A is correct.
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Before beginning to prepare for her upcoming presentation, Kay contacts the venue to determine what technology will be available. What type of audience analysis is she concerned with
Answers
The type of audience analysis that Kay is concerned with is known as situational analysis.
What is an audience analysis?An audience analysis refers to a process of identifying the class of audience and choosing a type of speech that best fit their interests, understanding, attitudes etc
An audience analysis is important because its improves the speaker's effectiveness since presentation are delivered in an best manner.
In this question, the type of audience analysis that Kay is concerned with is known as situational analysis.
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what is journal entry for purchase goods from ram on cash rs 4000
Answers
Answer:
Purchased a/c ........Dr. rs.4000
To, cash a/c rs.4000
Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing building. It is a desk.
Answers
Answer:
A
Explanation:
Investors who acquire preferred stock: Multiple select question. will receive more dividends than common stockholders. have preference over creditors. do not have voting rights. have preference as to dividends.
Answers
Investors who acquire preferred stock Investors who acquire preferred stock.
A preferred stock is an hybrid of a stock and a bond. It is a stock in which the holders of the stock have no voting rights. Also, when dividends are being paid, preferred shareholders are paid before common shareholders. Creditors have preference over preferred shareholders.
Advantages of preferred stock
Preferred stock investors usually receive a higher dividend compared with common shareholders. In the event of the liquidation of the business, preferred stock holders have a higher claim on an asset compared to common shareholders.A similar question was answered here: https://brainly.com/question/25258600
great marketing is based on which of the following types of laws of human and organization behavior? a. ecological and physical b. philosophical c. intuitive d. economic and psychological
Answers
Option A is correct. Great marketing is based on Economic and psychological laws of human and organization behavior
Economic psychology is the interdisciplinary examination of the point of interaction among brain science and financial aspects. It is worried about the mental premise of the monetary ways of behaving of people, and the effects of financial cycles on people's brain science. It utilizes both monetary and mental ideas and examination techniques. Fundamentally the same as work is finished by choice scholars and other people who don't recognize themselves as financial analysts. Research under the unequivocal heading of financial brain science has zeroed in on ways of behaving like saving, obligation, giving, cash, and assessment paying, which are not the subject of specific parts of brain science or financial aspects. In resolving the topic of what the economy means for on mental cycles, research has zeroed in on questions like the monetary socialization of youngsters into working individuals from the economy, on correlations between various countries, and on the effect of extraordinary financial circumstances like destitution or living inside a traveler economy.
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Nina has just started a new job and has already been late several times. She
gets everything done within the day, but she just can't seem to be on time.
What should Nina address?
A. Honesty
B. Respect for diversity
C. Integrity
D. Punctuality
Answers
Answer:
D
Explanation:
A p e x
Which of the following could help determine a job candidate's trustworthiness?
A) A credit check
B) A recorded oral test
C) An in-person interview
D) Closed-ended interview questions
Answers
Answer:
C) An in-person interview
Explanation:
All the options listed, the best choice to determine a candidate's trusworthiness is the in-person interview. An in person-interview allows the interviewer to get to know the candidate better, because open-ended questions can be made about the candidate's proffesional and personal life.
In this type of interview, it is the job of the interviewer to analyze the answers, and reach a conclusion that can determine whether the person is to be trusted or not.
alfonso began the year with a tax basis in his partnership interest of $48,000. his share of partnership liabilities at the beginning and end of the year consists of $10,000 of recourse liabilities and $9,000 of nonrecourse liabilities. during the year, he was allocated $60,000 of partnership ordinary business loss. alfonso does not materially participate in this partnership, and he has $3,000 of passive income from other sources. problem 20-73 part c (algo) c. how much of alfonso's loss is limited by the passive activity loss rules?
Answers
Alfonso's entire share of the partnership loss is limited by the passive activity loss rules.
To determine how much of Alfonso's loss is limited by the passive activity loss rules, to calculate his total income and losses from passive activities.
Alfonso's share of partnership loss is $60,000, which is a passive activity loss since he does not materially participate in the partnership. His passive income from other sources is $3,000.
Next, determine Alfonso's tax basis in the partnership at the end of the year, which will affect how much of the passive activity loss can be deducted.
Alfonso's tax basis in the partnership interest at the end of the year can be calculated as follows:
Tax basis at beginning of year: $48,000
Plus: Share of recourse liabilities: $5,000 (half of $10,000)
Plus: Share of nonrecourse liabilities: $4,500 (half of $9,000)
Minus: Share of partnership loss: $60,000
Equals: Tax basis at end of year: $-2,500 (negative balance)
Since Alfonso's tax basis is negative at the end of the year, he cannot deduct any of the passive activity loss against his other income. The passive activity loss can be carried forward to future years, subject to the passive activity loss rules.
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Toxic materials, of an abnormally dangerous nature, were being transported by truck from a manufacturer's plant to a warehouse when some of the materials leaked from the truck onto the street a few miles from the plant. A driver lost control of his car when he hit the puddle of spilled toxic materials on the street, and he was injured when his car hit a stop sign. In an action for damages by the driver against the manufacturer based on strict liability, is the driver likely to prevail
Answers
Answer:
No, because the drivers injury did not result from the toxicity of the materials.
Explanation:
In the context, a strict liability in this situation will be based on abnormally dangerous nature of the toxic materials that the manufacturer produces. But the strict liability action is required that the risk which materializes to be the same risk which lead the courts to be label the event as 'abnormally dangerous' in its first place itself. In this situation, the toxicity of the materials is not the cause of the injury of the driver, the driver's only cause of action is his negligence while driving.
The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. If Islandians demand curve for heating oil is given by P = 6 =Q, where P is the price per gallon in dollars and Q is the quantity in millions of gallons per year, how much economic surplus is lost as a result of the government's policy?
Answers
Economic surplus is gained rather than lost.
Economic Surplus:Economic surplus is the sum of consumer surplus and producer surplus. It is also known as welfare surplus. Producer surplus occurs when the producer sells the goods for more than the lowest price they are willing to sell for. Consumer surplus occurs when the consumer pays less than the lowest price he is willing to pay for.
P = 6 = Q
It means that consumers purchase 6 million gallons of oil for a price of $ 6 per barrel. It means they are paying $1 for 1 million barrel.
Since, price = demand, thus at a price of $2 per barrel, consumers will still effectively pay $1 for each million barrel.
Quantity consumed at $1 per barrel = 1 million barrel
Quantity consumed at $2 per barrel = 2 million barrel
Economic surplus = (1/2) ($2 - $1) * (2 - 1) = $0.5 million gallon per year
Thus, economic surplus is gained rather than lost.
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Question Content Area
Port Deposit, Inc. reports the following deferred tax items at the end of 2020:
Deferred Tax
Account Account
Balance Related Balance Sheet
Account
Accrual-based revenues $36,000 (cr.) Accounts receivable
Depreciation 15,000 (cr.) Property, plant, and equipment
Assurance-type warranty costs 10,000 (dr.) Warranty liability
Rent revenue (long-term) 16,000 (dr.) Unearned rent
Required:
Show how the deferred tax items will be reported on the December 31, 2020 balance sheet.
Port Deposit, Inc.
Partial Balance Sheet
December 31, 2020
Noncurrent liability: Accounts PayableDeferred Tax AssetsDeferred Tax LiabilityRent Revenue Unearned RentDeferred Tax Assets
$fill in the blank 2
Answers
Deferred Tax Liability will be reported as a total of $51,000, which includes $36,000 from accrual-based revenues and $15,000 from depreciation.
Port Deposit, Inc.
Partial Balance Sheet
December 31, 2020
Noncurrent liability:
Accounts Payable
Deferred Tax Assets:
Assurance-type warranty costs $10,000
Rent revenue (long-term) $16,000
Total Deferred Tax Assets $26,000
Deferred Tax Liability:
Accrual-based revenues $36,000
Depreciation $15,000
Total Deferred Tax Liability $51,000
Rent Revenue
Unearned Rent
The deferred tax items will be reported on the December 31, 2020 balance sheet as follows: Deferred Tax Assets will be reported as a total of $26,000, which includes $10,000 from assurance-type warranty costs and $16,000 from long-term rent revenue.
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