difference; taxable income given LO1 Alvis Corporation reports pretax accounting income of $400‚000‚ but due to a single temporary difference‚ taxable income is only $250‚000. At the beginning of the year‚ no temporary differences existed. Required: 1. Assuming a tax rate of 35%‚ what will be Alvis’s net income? 2. What will Alvis report in the balance sheet pertaining to income taxes? Solution: Requirement 1 Since taxable income is less than pretax accounting income‚ a future taxable
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the distribution process in Italy. 2.1 Product description Barilla differentiates its product line into two types namely the fresh products and the dry products. The fresh products include fresh bread which had a one-day shelf life and fresh pasta products which had 21-day shelf lives. Beside fresh bread‚ Barilla also produces panettone and croissants. On the other hand‚ the dry products include dry
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(Unaudited) Prior year Forecast Current Year Revenue and Expense: Sales (net) $9‚000‚000 $9‚900‚000 $9‚720‚000 Cost of Goods Sold 6‚296‚000 6‚926‚000 7‚000‚000 Gross Margin 2‚704‚000 2‚974‚000 2‚720‚000 General Expense 2‚044‚000 2‚000‚000 2‚003‚000 Depreciation 300‚000 334‚000 334‚000 Operating Income $360‚000 $640‚000 $383‚000 Interest Expense 60‚000 110‚000 75‚000 Income Taxes (40%) 120‚000 212‚000 123‚200 Net Income $180‚000 $318‚000 $184‚800 Assets: Cash $600
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Barilla SpA (A) Christel Bou Farhat Notre Dame University 1- Diagnose the underlying causes of the difficulties that the JITD program was created to solve. What are the benefits and drawbacks of this program? In your answers‚ consider the Barilla and distributors points of view (400-500 words). * Barilla’s Supply Chain suffered from the bullwhip effect that was mostly caused by the demand fluctuations and damaging the company’s manufacturing and distribution system. This fluctuating
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calendar year taxpayer‚ paid for various deductible expenses as described below. 1. The payment was dropped in the mail before year end. 2. P gave a note evidencing her promise to pay the amount in three months. 3. The amount was charged on her Master Card on December 28. The charge appeared on her bill for the period December 1 through December 31‚ which she received in January and which she paid on January 20. The bank actually paid the expense in January. 4. The amount was paid using the pay
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balance sheet‚ like a photo‚ provides a financial picture of a company on a given day and time. It categorizes all of a company’s resources as assets‚ all of its debts as liabilities‚ and all of the owner’s investments as equity. A company uses its assets‚ such as accounts receivable‚ inventory‚ and equipment‚ for manufacturing or purchasing products for sale or to provide a service. A company’s assets are financed by its liabilities (debt) and the owner’s equity (net worth). On a balance sheet‚ the
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In the spa industry‚ there are different types of customers to do treatment‚ such as the teenager‚ adult and the senior‚ they have different reasons to use the spa service‚ such as want to do stretching‚ relax‚ reduce pressure‚ etc. And choose them base on their age. For the treatment that is provided‚ it has divided into 6 groups‚ they are hot therapies‚ cold therapies‚ water therapies‚ touch therapies‚ relaxation therapies and exercises. First‚ for the hot therapies‚ its include sauna‚ steam
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OASIS SPA Business Proposal Talking Points (Introduction): Welcome everyone to my presentation! This project is for my module called “Managerial Skills and Entrepreneurship”. Today I am going to talk about my business proposal which is called “Oasis Spa”. In this project I am going to present you my business proposal about starting a new business‚ opening a Spa center and at the same time improve the current business in the hotel where I am currently employed at. I am working as a General
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I. Executive Summary Chi Nail Spa Bar is a full service nail salon that intends to open in Downtown‚ Atlanta which is an outlaying community of the greater Atlanta‚ Ga. Chi is a sole proprietorship operated by myself‚ Ericka Miller who is very passionate about nail art‚ high fashion and glam. This will be my first business enterprise and my major employment following holding an assistant manager position at Southern Index Inc in Gwinnett‚ GA. I am currently negotiating a lease for a 1500 square
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“Is College Still Worth The Expense?” College is very important to us because it is the stepping stone to achieve our goal in life. It helps us to improve our skills and learn more‚ and it helps us to maintain higher levels of social competence and academic levels. Education remains and important investment for the future. Having an advanced degree‚ ensures that we are well trained and highly skilled in our chosen fields‚ which is very important. With advance knowledge and continued education
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