Alisha appears to be overconfident which makes her unapproachable to her employees. Which negative quality is she displaying?

When a business receives a utility bill but does not pay it immediately, it should record an expense for utilities and create a liability under accounts payable.

The accounting equation, Assets = Liabilities + Owner's Equity, must remain balanced at all times, no matter the circumstance.

Here, the utility expense increases by $500 on the income statement, while accounts payable increases by $500 on the balance sheet. This expense reduces net income and retained earnings, which lowers the owner's equity accordingly.

Answer:

C. $300,000

Explanation:

Shue's Capital Account:

contribution: 50,000

partnership income x 30%

withdrawals: (240,000)

change in capital account: (100,000)

50,000 + Shue's profits - 240,000 = -100,000

Shue's profit = 240,000 - 100,000 - 50,000

Shue's profit = 90,000

Partnership profit:

90,000 / 0.30 = 300,000

Answer:

Because store managers indicate they require immediate access to the company's advertising strategies, it is appropriate for them to contact me via email for this information.

Explanation:

The situation faced by Swazzi is challenging as their new line of sweater vests is not performing as well as expected based on sales projections.

Store managers, engaging directly with consumers at their locations, will surely seek avenues to boost sales, which explains their need for timely advertising information from the company.

Addressing this shortfall necessitates swift responses to the inquiries from both the company and the store managers, highlighting the importance of an efficient communication method.

For smooth correspondence between the company and the store managers, it is advisable for store managers to send their requests via email and receive replies in the same manner.

Answer:

Staples Corporation

A schedule calculating the increase in income tax liabilities for December 31 across the years 2020, 2021, 2022, and 2023:

Year          Pre-tax         GAAP Tax-  Tax Taxable   Income Tax      Deferred

          GAAP Income  able Income    Income      Payable Expense  Liability

                  (a)                     (b)                (c)             25%       25%   (Recovery)

                                                                                of (c)      of (b)  

2020     $230,000      $200,000     $110,000  $27,500 $50,000  $22,500

2021        250,000        220,000      250,000    62,500   55,000     (7,500)

2022       240,000         210,000      240,000    60,000   52,500     (7,500)

2023       240,000         210,000      240,000    60,000   52,500     (7,500)

Total     $960,000      $840,000    $840,000  $210,000 $210,000      0

Explanation:

a) Data and Calculations:

Cost of the depreciable asset = $120,000

Estimated useful life = 4 years

Residual value = $0

Tax depreciation expense = 100% for 2020

GAAP depreciation expense = 25% for 2020, 2021, 2022, and 2023

Tax rate for each year = 25%

Year          Pre-tax         GAAP Tax-  Tax Taxable   Income Tax      Deferred

          GAAP Income  able Income    Income      Payable Expense  Liability

                  (a)                     (b)                (c)             25%       25%   (Recovery)

                                                                                of (c)      of (b)  

2020     $230,000      $200,000     $110,000  $27,500 $50,000  $22,500

2021        250,000        220,000      250,000    62,500   55,000     (7,500)

2022       240,000         210,000      240,000    60,000   52,500     (7,500)

2023       240,000         210,000      240,000    60,000   52,500     (7,500)

Total     $960,000      $840,000    $840,000  $210,000 $210,000      0

Tax Taxable Income for 2020 = $110,000 ($230,000-$120,000)

GAAP Taxable Income = GAAP minus annual depreciation

b) Tax Taxable Income equals GAAP income of $230,000 less 100% depreciation ($120,000) for the first year and 0% for the following years. This results in temporary differences in 2020 between the calculated tax payable and the tax expense for later years. Although there was a tax obligation established in the first year, it is counterbalanced in the years that follow.

Answer:

Gentrification manifests as the......