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Average rate
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At what rate is the income statement converted for US comparison?
Average rate.
What is absorption costing income statement?
Absorption costing income statement is that statement in which overheads are charged to units of products based on predetermined blanket rate.
What is traditional approach income statement?
In traditional approach income statement, overheads are charged to product based on predetermined rate rather then based on actual activity.
Which statement most accurately describes a progressive tax?
The tax rate increases as income increases.
If accrued revenue is left out of financial statement what are effects on in come statement balance sheet cash flow statement?
Assets (accrued revenue) is understated. Accrued taxes are understated (unaccrued revenue times tax rate) Retained earnings are understated (amount of revenue not accrued less the accrued income tax) Income statement revenue is understated Income tax expense is understated (unaccrued revenue times tax rate)
What are three major financial statements used by decision makers outside the firm?
Income statement Trend analysis and Growth Rate Financial Rate
What is rate base and percentage?
a rate is a comparison of something. A percentage is always a comparison to 100.
Can you rollover a Traditional IRA to a Roth IRA?
Roth IRA Conversion Taxes. When you convert from a Traditional IRA to a Roth IRA you pay income tax on the contributions. The taxable amount that is converted is added to your income taxes and your regular income rate is applied to your total income.
What does comparison rate mean. Im looking at a car loan and it shows a rate of 8.99pa then a comparison rate of 10pa. what one is it?
When you see a comparison rate, usual the comparison rate they show you includes all fees and extras. So the comparison rate of 10 pa, is the actual amount you pay for the loan. The 8.99 pa is the "interest rate" ONLY, not including fees and extras. They call it "Comparison Rate" , because its the best way to "Compare" it to other loans from other lenders. (Hence the name)
How does the Rate of tax on vacation compare to the rate paid on income?
Your vacation pay income tax rate will be the same as the income tax rate on all of your other gross wages income from the same employer.
A comparison 1 of something is a kind of what rate?
It is a unit rate.
Financial statement income vs taxable income?
Financial statement income and taxable income are seldom same due to many reasons and main reason is depreciation as company use different rate or method of allocation of depreciation while taxation authorities uses different as well as there are many expenses which are not allowed by taxation authorities as expense. Due to these reasons both of these incomes may differ.
