hi can you please help with tax dues, deferred tax liabilities and deferred tax assets, and tax expense in 2017 here?
Millie Co. completed its first year of operations on December 31, 2017, with pre-tax financial income of $400,000. Millie accrueda contingent liability of $900,000 for financial reporting purposes; however, the $900,000 will be paid and therefore isdeductible for tax purposes in 2018. Millie also has gross profit of $800,000 from certain sales recognized currently forfinancial reporting purposes but that will be taxable as installment sales in 2018 and 2019 when the cash is received ($400,000each year). Millie’s pre-tax financial income includes $38,000 interest earned on its holdings of the bonds of the State ofMontana. The tax rate is 35% for all years. Required: 1. Determine Millie’s taxable income and taxes due for 2017.2. Determine the changes in Millie’s deferred tax amounts for 2017.3. Calculate tax expense for Millie for 2017.
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Miller And Sville Are Having Another Argument This Time About The Amount Of Mi
/in Uncategorized /by developerMiller and Sville are having another argument – this time about the amount of Millersville University students who are PA residents…Miller thinks 87% of students are PA residents while Sville thinks it is actually only 73% of the students. They decide to take a random sample of 15 students which results in 12 of them being PA residents. Marauder decides to join the argument stating that the percentage of students at Millersville University who are PA residents MUST BE 80% since 12 out of 15 (=80%) were in the sample. Is Marauder correct? Justify your Answer!Skully can not remain silent and also joins the argument stating that the percentage of students at Millersville University who are PA residents MUST BE 50% since either a student is or is not a PA resident. Is Skully correct? Justify your Answer!
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Miller Has A Couple Of Research Assistants Rate The Physical Attractiveness Of E
/in Uncategorized /by developer1. Dr. Miller has a couple of research assistants rate the physical attractiveness of each of the participants in his bar study. Miller wants to know if differences in physical attractiveness might offer an alternative explanation of why some people are more confident than others. Perhaps more attractive people are more confident and also drink more beer. Miller combines the data, that is, the average of his raters’ attractiveness ratings along with the number of beers consumed, in a multiple regression equation. He finds that the beta weights for attractiveness and beers consumed are .25 and .39, respectively, and that both are significant at the .01 level (that level is a p value, not a blood alcohol level). What should Dr. Miller conclude about the apparent effects of attractiveness and beer? (2 points for each variable). Do his results suggest that he can rule out attractiveness as a third variable explanation of the effects of beer?
What should Dr. Miller Conclude?
Attractiveness:
Beer:
Does his results suggest that he can rule out attractiveness as a third variable explanation?
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Miller Ran A Marathon A Few Years Ago
/in Uncategorized /by developer:1. Prof. Miller ran a marathon a few years ago. Given that the mean finishing time was 252 minutes with a standard deviation of 43 minutes and that finishing times were approximately normally distributed, find
(a) the percent of finishers who ran faster than Prof. Miller’s time of 3 hr 30 min.
(b) a time that was the 15thpercentile (15% of finishers were under that time)
(c) the percent to runners who finished between 3 hours and 4 hours
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Milli Plans To Rent A Room For Her Birthday Party For 40 The Catering Charge Is 1
/in Uncategorized /by developerMilli plans to rent a room for her birthday party for $40. The catering charge is $12 per person but there is no charge for Milli’s meal since she is the guest of honor. If Milli has $100 to spend on her birthday party, what is the maximum number of friends Milli can invite?
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Millie Co Completed Its First Year Of Operations On December 31 2017 With Pre Ta
/in Uncategorized /by developerhi can you please help with tax dues, deferred tax liabilities and deferred tax assets, and tax expense in 2017 here?
Millie Co. completed its first year of operations on December 31, 2017, with pre-tax financial income of $400,000. Millie accrueda contingent liability of $900,000 for financial reporting purposes; however, the $900,000 will be paid and therefore isdeductible for tax purposes in 2018. Millie also has gross profit of $800,000 from certain sales recognized currently forfinancial reporting purposes but that will be taxable as installment sales in 2018 and 2019 when the cash is received ($400,000each year). Millie’s pre-tax financial income includes $38,000 interest earned on its holdings of the bonds of the State ofMontana. The tax rate is 35% for all years. Required: 1. Determine Millie’s taxable income and taxes due for 2017.2. Determine the changes in Millie’s deferred tax amounts for 2017.3. Calculate tax expense for Millie for 2017.
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Millie S Hand Crafts Is A Small Business That Specializes In Producing Hand Made
/in Uncategorized /by developerMillie’s Hand Crafts is a small business that specializes in producing hand-made decorations for Easter and
selling them over the Internet. The firm opens only for a few months around the holiday time. Last year after closing the season the firm hired a designer to develop new designs hoping that it would help them to increase the sales; it costed $7,000. This year Millie’s Hand Crafts was in business only in March, April, and May. In March, the firm bought all the required supplies for the production. The whole bill came up to be $60,000: half of it was paid immediately and another half – in April. All the production of decorations happened in March, while the sales occurred just before the holiday, in April. Millie’s Hand Crafts produced 500 items and sold them for $150 each. 1/3 of customers paid for their purchases immediately, and the rest of customers paid only in May. The corporate tax rate is 30%.
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Milligan S Backyard Storage Units Analysis Item No
/in Uncategorized /by developerIs anyone Excel Expert here? I have Excel Worksheets I have already populated and I need answers for 5 questions based on those Worksheets. I am just having problem with couple of them as couple of other are easy. However, I am still providing those 5 questions just in case. This assignment is due tomorrow morning, so 18 hours from now. Please let me know if you can do it. It should probably take only half an hour for someone who knows Excel well.
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Milo Company Uses The Percent Of Sales Method To Estimate Uncollectibles Net Cre
/in Uncategorized /by developerMilo company uses the percent-of-sales method to estimate uncollectibles. net credit for the current year amount to $120,000, and management estimates 4% will be uncollectible. allowance for doubtful accounts prior to adjustment has a credit balance of $1,000. the amount of expense to report on the income statement will bea. 1000b.3800c.4800d.5800
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Milo Currently Has A Good Job And Can Afford A Decent Apartment And Plenty Of Fo
/in Uncategorized /by developerMilo currently has a good job and can afford a decent apartment and plenty of food. Due to significant political unrest and recent street violence in his town, he is considering uprooting himself and applying for a visa to move to another country. According to Maslow, Milo’s concern reflects a desire to satisfy his:
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Milsaps Company Produces Sportsmen S Digital Scales In Preparing The Current Bud
/in Uncategorized /by developerI really need someone who know what they are doing with this. I have 1 chance to get this correct and I have tried to get this question answered before. I REALLY need an EXPERT to help me out please!
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