During Its first year of operation, XYZ Company has taxable Income of $$90,000$ and accounting Income of $$94,000.$ Assuming a tax rate of $30\%,$ compute the deferred income tax amount.: $*$

a$.$ $$1,200$ debit

b$.$ $$1,200$ credit

c$.$ $$27,000$ debit

d$.$ $$27,000$ credit

e$.$ $$28,200$ credit

XYZ Company sells $10,000$ units for revenue of $$500,000.$ Flxed costs are $$100,000$ and varlable costs are $$200,000.$ What is the contribution margin per unIt?: $*$

a$.$ $$20$

b$.$ $$30$

c$.$ $$40$

d$.$ $$50$

e$.$ $$70$

Which of the following best describes the order In which accounting cycle steps are performed?: $*$

a$.$ trial balance, journal entries, financial statements, adjusting entries, closing entries

b$.$ journal entries, adjusting entries, trial balance, closing entries, financial statements

c$.$ trial balance, journal entries, adjusting entries, closing entries, financial statements

d$.$ journal entries, trial balance, adjusting entries, financial statements, closing entries

e$.$ financial statements, journal entries, adjusting entries, trial balance, closing entries

Current Ilabilitles total $$500,000,$ non$-$current llabllitles total $$750,000,$ owners' Investment totals $$250,000$ and retalned earnings totals $$400,000.$ What is the dollar amount of total assets?: $*$

a$.$ $$1,250,000$

b$.$ $$1,500,000$

c$.$ $$1,650,000$

d$.$ $$1,900,000$

e$.$ None of the above