Question : 71. The income before income tax for the first year of : 1234231

Accounting

71. The income before income tax for the first year of operations is $750,000. Because of timing differences in accounting and tax methods, the taxable income for the same year is $550,000. Assuming an income tax rate of 50%, what is the amount of income tax to be reported on the income statement?
A. $50,000
B. $325,000
C. $200,000
D. $375,000

72. The income before income tax for the first year of operations is $750,000. Because of timing differences in accounting and tax methods, the taxable income for the same year is $550,000. Assuming an income tax rate of 50%, the amount of the deferred income tax would be
A. $ 200,000
B. $100,000
C. $50,000
D. $375,000

73. The income before income tax for the first year of operations is $600,000. Because of timing differences in accounting and tax methods, the taxable income for the same year is $500,000. Assuming an income tax rate of 50%, what is the amount of income tax to be reported on the income statement?
A. $25,000
B. $250,000
C. $300,000
D. $375,000

74. The income before income tax for the first year of operations is $600,000. Because of timing differences in accounting and tax methods, the taxable income for the same year is $500,000. Assuming an income tax rate of 50%, the amount of the deferred income tax would be
A. $ 50,000
B. $100,000
C. $250,000
D. $300,000

75. When there is a difference in the timing of revenues and expenses for accounting versus income tax purposes, it is usually necessary to
A. perform income tax procedures.
B. allocate between various financial statement periods.
C. adjust taxable income.
D. do nothing.

76. ABC Company has incurred a period income tax expense of $500,000. The tax accountants inform the financial accountants that 60% of this value will be paid on March 15th, 2 1/2 months away, while the balance will be paid in 14 1/2 months. The journal entry to recognize these obligations is:
A. Dec 31   Income Tax Expense                            300,000
              Income Tax Payable                             200,000
                      Cash                                                              500,000
B. Dec 31   Income Tax Expense                            500,000
                      Income Tax Payable – Current                        300,000
                      Income Tax Payable – Non Current                 200,000
C. Dec 31   Income Tax Expense                            500,000
                      Cash                                                              500,000
D. Dec 31   Income Tax Payable                             500,000
                      Income Tax Expense                                      500,000

77. Income tax allocation procedures are justified by what concept?
A. Revenue recognition
B. Matching
C. Conservatism
D. Cash basis accounting

78. Income tax expense represents the amount of income taxes
A. actually payable for this period.
B. applicable to the taxable income this period.
C. applicable to the accounting income this period.
D. computed according to tax law for this period.

79. When income tax expense is larger than the income tax payable for a period it is associated with
A. a larger accounting income than taxable income.
B. a larger taxable income than accounting income.
C. an error.
D. a debit to Deferred Income Tax Payable.

80. The journal entry to recognize the period income tax expense payable at a later date would be:
A. Dec 31   Income Tax Expense                           125,000
                    Income Tax Payable                                       125,000
B. Dec 31   Income Tax Expense                           125,000
                    Cash                                                               125,000
C. Dec 31   Income Tax Payable                            125,000
                    Income Tax Expense                                       125,000
D. Dec 31   Income Tax Payable                            125,000
                    Cash                                                               125,000

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July 1, 2023

Padlet https://padlet.com/ is based on cards and you can add images and maps

LucidSpakr or Miro https://miro.com/ and JamBoard https://jamboard.google.com/?pli=1 allow you to do a sort of notes, images etc into categories

1. Final Test Plan:

What do you want to measure with your testing? (Note – how good is my interface is not a specific enough question!)
What tasks will you ask the user to perform so that you will be able to measure participant’s responses and help answer your questions?
Decide how you want the user to share their feedback. Will they:
think aloud, and/or
fill out a questionnaire, and/or
complete a post-test interviews, and/or

o all of the above.

Prepare an outline that includes:

What is the question you are asking? How can you measure this?
How the user test will be run,
Written instructions that you will read to the users, and
Any other materials (e.g. questionnaires, interview questions) that will be used during the session.

Check out the resources for usability testing

Krug has a range of pdf's & docs for downloading
User Focus provides a plan on a page approach which you will need to use in your Deliverable 3 - document here

According to the International Standards Organisation ISO 9241-11, usability is defined as the:

'extent to which a product can be used by specified users to achieve specified goals with effectiveness,

efficiency and satisfaction in a specified context of use.'

. View the Usability Standard and explore the definitions section.

What are the elements of usability and
How are they defined?

2. Scan the brief article by Bevan (2009) International Standards for Usability Should Be More Widely Used

discover some of the standards that inform software usability
what are the problems and benefits of implementing standards.
a brief summary of Information technology standards are outlined by the US National Institute of Standards and Technology (NIST): Project: Usability Standards

3. Finally, a Common Industry Format has been developed to report usability issues in software:

Online Testing

Tools exist online for testing eg

Usability Hub and Optimizely

What does the SUS do and how could it be useful to your prototype?
What aspect of usability does it focus on?
Would this tool be useful for Deliverable 4? How?
Would you need to adapt the tool to your context of use?
What advice does the academic article provide regarding adapting the tool?

sing the DECIDE framework plan your user study. Write up using the plan on a page template below.

1. As a group, decide what aspect of your prototype would benefit from an alternative design. Create a paper or functional wireframe prototype for this.

2. Check if you covered Behavioural and Attitudinal aspects, and use Quantitative and Qualitative

3. What data is Subjective, what is Objective? What is the importance of each?

3. Carry out a pilot study as a team to test your plan (this should include the alternative screens)

4. As a team adjust your plan (if necessary based on your pilot study experience)

Use tools like the System Usability Scale to measure feedback and write up template

5. All team members to conduct a user study or test. (upload individual studies to the submission discussion board or OneDrive

6. Look at user testing online to collect good data for you analysis

https://app.usabilityhub.com/ or https://www.optimizely.com/anz/

7. Collate the results from all user studies and create a set of findings from your research

8. Analyse Results: Taking your qualitative and quantitative data, analyse to features of your design and what should be improved.

9. Submit to Learnline:

your plan and prototype deadlines
your individual user studies (including video links)
your team analysis, and a list of changes to be implemented

As a team

What did you want to find out about your prototype from users? Make sense of your data.

1. Assemble all the data you individually collected for Deliverable #4. This should include your observation notes, videos, photos and any other information documented during the test.

2. Individually share your findings. As each member discusses what happened, the team leader should designate someone as scribe to keep notes of the findings.

3. Review your findings. What are the common themes emerging from the user testing?

4. As a group, decide:

what did your users think worked (functionality wise) with your prototype
what did your users think didnt work (functionality wise) with your prototype
was your second design more effective than the original ideas you have
what changes need to be made to the prototype

5. Write up your findings. This should include your group's summary and the individual work from each member acknowledged

7. Submit user results to the discussion board on Learnline if you want ideas for analysis

Adding Visuals

Collating results so farOur results so far

The visual aspect of your app should match what you have learnt about the users. Be inclusive of different users and their preferences, consider visual disabilities and stay with the design pattern you have developed
You will need to put sample videos where you have videos, and make sure you have sample text where that would be needed. The users being tested need to understand what you see as the information (visual and written) that will be on each page.
Read some references on the approach to visual design . A visual designer is an extension of graphical design considering user interface aspects.
Focus on the five principles of visual design:
1. Scale
2. Visual hierarchy
3. Balance
4. Contrast
5. Gestalt
6. Read what these refer to.