At the end of year 1, Pearl Industries had a deferred tax asset account with a balance of $30 million attributable to a temporary book-tax difference of $75 million in a liability for estimated expenses. At the end of year 2, the temporary difference is $70 million. Pearl has no other temporary differences. Taxable income for year 2 is $181 million and the tax rate is 40%. Pearl has a valuation allowance of $10 million for the deferred tax asset at the beginning of year 2. Required: 1. Prepare the journal entry(s) to record Pearl's income taxes for year 2, assuming it is more likely than not that the deferred tax asset will be realized. 2. Prepare the journal entry(s) to record Pearl's income taxes for year 2, assuming it is more likely than not that one-half of the deferred tax asset will ultimately be realized

Answers

Answer 1

Entry for  tax in Year 2 assuming one-half of deferred tax assets will be realized: Debit Income tax expense $28.4 million, Credit Deferred tax asset $14 million, Credit Valuation allowance $14.4 million

1.  Pearl Industries' taxable income for year 2 is $181 million, and the tax rate is 40%. At the end of year 2, the journal entry for income tax assumes deferred tax assets will be realized.

Particular                                              Debit                                     Credit

Income tax expense                         $28.4 million

                To  Deferred tax asset                                                         $28.4 million    

The deferred tax asset account balance at the end of year 1 was $30 million, attributable to a temporary book-tax difference of $75 million in liability for estimated expenses. The temporary difference at the end of year 2 was $70 million. Since no other temporary differences exist, it is expected that the deferred tax asset of $30 million at the end of year 1 would decrease to $28.4 million by the end of year 2 as a result of the revaluation.

At the end of year 2, the journal entry for income tax assumes deferred tax assets will be realized. The deferred tax asset account balance would be written down to zero if it were not more likely than not that the deferred tax asset would be realized.

2. If it is more likely than not that one-half of the deferred tax asset will be realized, the journal entry for income tax at the end of year 2 will be made. Journal entry for income tax in Year 2 assuming one-half of deferred tax assets will be realized.

Particular                                                 Debit                                      Credit

Income tax expense                             $28.4 million

          To Deferred tax asset                                                             $14 million

          To Valuation allowance                                                          $14.4 million

In the valuation allowance account, a credit of $14.4 million is necessary to reduce the allowance balance to $10 million.

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Related Questions

PART B Answer this question using an essay format.You are expected to include a minimum of two in-text citations and a reference list Evaluate the advantages and disadvantages of an individual, or small group of people (two or three), starting a new business. Evaluate if the best business model for them to use would be becoming a franchisee or if they should adopt a different type of business legal structure,such as a partnership. (1,000 words,50 marks

Answers

Starting a new business can be both exciting and terrifying. Although starting a new business can be a great way to make money, there are risks associated with it. In this essay, we will evaluate the advantages and disadvantages of an individual or a small group of people starting a new business.

We will also evaluate whether becoming a franchisee or adopting a different type of business legal structure such as a partnership is the best business model for them.

Advantages of starting a new business:

Ownership: The most significant advantage of starting a new business is ownership. Starting a new business provides you with the opportunity to be your boss and be in charge of your company's growth and development.

Flexibility: Starting a new business also offers flexibility. You have the freedom to choose your work hours and the projects you want to work on, which can be a great benefit if you are looking for a work-life balance.

Personal satisfaction: Starting a new business provides a great sense of personal satisfaction. When you start a business, you are creating something from scratch, which can be incredibly rewarding.

Disadvantages of starting a new business:

Risk: Starting a new business is risky. You need to put a lot of money, time, and effort into your business, which means that you may lose all of it if your business doesn't succeed.

Lack of security: Starting a new business offers no security. You don't have a regular paycheck or a safety net if things go wrong. This can be stressful and overwhelming. It can be especially challenging if you have a family to support.

Competitive market: Starting a new business in a competitive market can be challenging. You need to stand out from the competition to succeed, which can be challenging if you have limited resources.

Now that we have evaluated the advantages and disadvantages of starting a new business let us look at whether becoming a franchisee or adopting a different type of business legal structure such as a partnership is the best business model for them.

Franchisee: One advantage of becoming a franchisee is that you have a proven business model. You don't have to spend time and money developing a new business model. This means that you can start earning profits right away. Another advantage of becoming a franchisee is that you have a support network. The franchisor provides you with training, marketing support, and ongoing support to help you succeed. However, becoming a franchisee also has its disadvantages. You have limited control over your business. You need to follow the franchisor's rules and regulations, which can be limiting. You also need to pay a percentage of your profits to the franchisor, which can eat into your profits.

Partnership: One advantage of adopting a partnership structure is that you share the risks and rewards with your partner. This means that you have someone to share the workload and responsibilities. Another advantage of adopting a partnership structure is that you have more funding options. You and your partner can pool your resources to fund the business. However, adopting a partnership structure also has its disadvantages. You need to share your profits with your partner. You also need to ensure that you and your partner share the same goals and values, which can be challenging.

In conclusion, starting a new business has its advantages and disadvantages. Becoming a franchisee or adopting a partnership structure can be a great business model, depending on the individual or small group's preferences and goals.

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initial equity in a property is $100,000. year 1 before-tax cash flow is $7,500. what is the cash-on-cash rate of return

Answers

The cash-on-cash rate of return is 7.5%.

The cash-on-cash rate of return is a financial metric used to measure the return on investment (ROI) in real estate. It calculates the annual before-tax cash flow as a percentage of the initial equity investment.

In this scenario, the initial equity in the property is $100,000, and the before-tax cash flow in year 1 is $7,500. To calculate the cash-on-cash rate of return, we divide the before-tax cash flow by the initial equity investment and multiply by 100.

Cash-on-cash rate of return = (Before-tax cash flow / Initial equity investment) x 100

Using the given values, we have:

Cash-on-cash rate of return = ($7,500 / $100,000) x 100 = 7.5%

This means that for every dollar of equity invested in the property, the investor is generating a 7.5% return in the form of before-tax cash flow in the first year.

The cash-on-cash rate of return provides a useful measure of the income generated relative to the initial investment in a property. It helps investors assess the profitability of a real estate investment and compare it to other potential investment opportunities. However, it's important to consider other factors such as property appreciation, operating expenses, and potential risks to make a comprehensive evaluation.

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or-profit, investor-owned health care organizations generally raise money from all of the following sources, except: community fundraising. lenders. selling stock.
patient revenue.

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For-profit, investor-owned healthcare organizations raise money from various sources, including community fundraising, lenders, selling stock, and patient revenue, except for community fundraising.

For-profit, investor-owned healthcare organizations utilize multiple sources to raise money for their operations and expansion. These sources typically include lenders, selling stock, and patient revenue. However, community fundraising is not a common source of funding for these organizations.

Lenders play a significant role in financing healthcare organizations by providing loans or lines of credit. These funds can be used for various purposes such as facility expansion, equipment purchase, or operational costs.

Selling stock is another avenue for raising capital, where organizations offer shares to investors in exchange for financial investment. This helps generate funds that can be used to support growth initiatives or improve financial stability.

Patient revenue is a crucial source of income for for-profit healthcare organizations. It includes payments made by patients for services rendered, such as medical consultations, diagnostic tests, procedures, and medications. These organizations rely on patient revenue as a significant source of income, and it plays a pivotal role in sustaining their operations and profitability.

While community fundraising is common for non-profit healthcare organizations or charitable initiatives, it is less typical for for-profit, investor-owned healthcare organizations. These entities primarily rely on other funding sources, such as those mentioned above, to support their financial needs and investment activities.

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*
Every year,
large public corporations commit fraud.
3 out of 7
5 out of 7
O
1 out of 7
4 out of 7

Answers

5 out of 7 that’s the answer

Who wants points answer in this question points for 10 points ;)

Answers

Answer:

OK Thanks for the free points

yesExplanation: yes thank you so much

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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Suppose japan exports cars to russia and imports wine from france. this situation suggests?

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If Japan exports cars to Russia and imports wine from France, this situation suggests that Japan has a comparative advantage relative to Russia in producing cars, and France has a comparative advantage relative to Japan in producing wine. It can be stated through the theory of comparative advantage.

The theory of comparative advantage holds that even if one nation can produce more cheaply than another nation, both nations can still trade under conditions where each benefit. Under this theory, what matters is relative efficiency.

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Business ethics, ________, and sustainability issues are interrelated and impact all areas of the comprehensive strategic-management model.

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Business ethics, social responsibility, and sustainability issues are interrelated and impact all areas of the comprehensive strategic-management model.

Business ethics, social responsibility, and sustainability are interrelated and influence most or most of the overall strategic management model. Many people may think that it is unethical for a company or organization to be informally reckless.

Environmental challenges facing all organizations require managers to develop policies to protect and protect natural resources and control pollution.

More and more companies believe that ethics training and an ethical culture create a strategic advantage. Integrating ethical decision-making into the performance appraisal process is one-way companies can align ethical and strategic decision-making.

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Which of the following is NOT a characteristic of effective promotion? *
Appropriate
O Misleading

Which of the following is NOT a characteristic of effective promotion? *AppropriateO Misleading

Answers

Answer:

i think no.1

sssssss

________ is in the middle of each aisle of a grid layout where less compelling or exciting products are displayed.

Answers

The term used in retail merchandising for the space in the middle of each aisle of a grid layout is "end cap."

End caps are fixtures placed at the end of an aisle, facing perpendicular to the aisle, that display product that may not be as compelling or exciting as those on the main shelves.

The idea behind end caps is to attract shoppers' attention and encourage them to explore beyond the main aisles. Retailers often use end caps to promote new or seasonal products, clearance items, or high-margin items that need more visibility to sell.

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Banks notes during the 1800's
A. fiat money
B. representative money
C. commodity money
D. digital currency

Answers

I think it is A-fiat money

How is partnership like a liability corporation?
A. Both are incorporated
B. Both have investors
C. Both are inexpensive to start
D. Both protect personal assets

Answers

B) Both have investors.

Hope this helps! :)

"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D

Answers

Answer:

d. Cultural values

Explanation:

Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.

Answer:

D

Explanation:

I just took the assignment

Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition

Answers

Answer: Influence is the answer

Explanation:

Brainstorming is only effective when done
a.
In groups
b.
By yourself
C.
In a respectful atmosphere
d.
In a limited amount of time

Answers

Answer:

In groups

Explanation:

Brainstorming is a problem-solving technique where members of a group are encouraged to contribute ideas that could solve the problem at hand. There are right or wrong proposals. Every suggestion is discussed extensively.

Brainstorming allows for deliberations on diverse possible solutions to a problem. The idea that is acceptable by all members is considered the group's decision.

Answer:

answer is a

Explanation:

unbreakable plates is a company that manufactures plates and bowl, and fix it is an electronics repair service. how will the two businesses differ from each other?

Answers

When compared to fixing it, unbreakable plates will be more capable of creating customized its products.

What distinguishes business from the others?

According to our studies, there are six primary ways to differentiate: product, provider, channels of distribution, connections, prestige, and price.Your beliefs and values can act as a base for trying to explain why you do what you do differently than your competitors, as well as the superior results you can achieve by holding those values and beliefs. These are tricky differentiators to rebut. Being distinctive, special, and different builds loyalty among your current customers and helps users get referrals on a continuous basis visitors use a referral system.

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A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0. 80 per box on an annual basis.

Answers

Every year, a car rental service utilizes 96 boxes of staples. Each of the boxes costs $4. Staples cost $10 to order, and annual carrying expenses come out to $0.80 per box. = $55.42

What types of orders exist?

Understanding how any order type differs is essential since they could have quite different outcomes. Here, we'll focus on the market ", limit order, and halt order and discuss how they differ and when to consider each.

Briefing

According to the scenario, the computation of the given data are as follows:

Boxes use = 96 boxes

Cost = $4 per box

Staple cost = $20

Carrying cost = $0.80

So, we can calculate the annual cost of ordering and carrying by using following formula:

Annual cost = (EOQ ÷ 2) × Carrying cost + (Boxes use ÷ EOQ) × Staple cost

Where, EOQ = ( 2 × 96 × 20 ÷ 0.80)^1/2 = 69.28

So, by putting the value, we get

Annual cost = ( 69.28 ÷ 2) × $0.80 + ( 96 ÷ 69.28) × $20

= $27.71 + $27.71

= $55.42

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QUESTIONS 4 66. - Neatness has great value Consider the following short run production function: Q=6L-0.4L (each a point) a. Find the value of L that maximizes output and maximum output b. Find the value of L that maximizes marginal product and maximum marginal product c. Find the value of L that maximizes average product and maximum average product Given a short run cost function as TC= 1/3Q¹-2Q²-6Q +100 a. Find the minimum value of AVC and MC (a point) A firm operates in a perfectly competitive market. The market price of its product is 4 birr and the total cost function is given by TC= 1/3Q - SQ+z0Q+50, where TC is the total cost and Q is the level of output. (each a point) a. What level of output should the firm produce to maximize its profit? b. Determine the level of profit at equilibrium. c. What minimum price is required by the firm to stay in the market Which Economic System is suit for Ethiopia? Discuss it? (4 point) Discuss the goals of macroeconomics and the measurement of economic performance of the country (6- the point) 6 6. What are problems and instruments of macroeconomics, Discuss it? (6-point)?​

Answers

a. The value of L is 7.5 and the maximum output is 22.5.

b. The value of L is 7.5 and maximum marginal product is 0.

c. There is no value of L.

What is the value of L?

a. To get value of L that maximizes output (Q), we need to differentiate the production function with respect to L:

\(Q = 6L - 0.4L^2\)

Taking derivative with respect to L:

dQ/dL = 6 - 0.8L

6 - 0.8L = 0

0.8L = 6

L = 6 / 0.8

L = 7.5

The value of L that maximizes output is 7.5 and maximum output (Q) will be:

\(Q = 6(7.5) - 0.4(7.5)^2\)

Q = 45 - 0.4(56.25)

Q = 45 - 22.5

Q = 22.5

To get value of L that maximizes marginal product (MP), we have to differentiate function:

MP = dQ/dL = 6 - 0.8L

Setting MP = 0:

6 - 0.8L = 0

0.8L = 6

L = 6 / 0.8

L = 7.5

The maximum marginal product is computed by substituting value into function:

MP = 6 - 0.8(7.5)

MP = 6 - 6

MP = 0

c. To find the value of L that maximizes average product (AP):

AP = Q / L = (6L - 0.4L^2) / L

Simplifying:

AP = 6 - 0.4L

Taking derivative:

dAP/dL = -0.4

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For discrimination to be illegal, it must be taken against a person because of a

A. protected characteristic
B. personal attribute
C. red flag
D. job action

explain

Answers

Answer: A

Explanation:

you will thank am me later

Innovative team firms should have managers who provide ________, ________, and perspective to the team.

Answers

Based on firms' strategies, Innovative team firms should have managers who provide Support, Guidance, and perspective to the team.

This is because firms that focus on innovation would make many mistakes or trials and errors before the actual innovation of their products is made.

Thus, in these situations, employees need managers that can provide supports and encouragement for them to build on their innovative ideas so as not to fear sanctions or penalties if things go wrong.

The employees also need guidance and perspectives from their managers to quickly and correctly transform their innovative ideas into reality.

Hence, in this case, it is concluded that the correct answer is "Support and Guidance, " accordingly.

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Question 7 of 10
Which situation best describes an opportunity cost?
OA. A marketing company goes out of business because it could not
find enough clients.
B. A person decides to go back to college in order to transition to a
new career.
OC. A corporation that begins selling a new product sees its overall
profits increase.
D. An employer who hires a new employee can't hire the other people
she interviewed.

Answers

In this context, the situation that best describes an opportunity cost is option B, where a person decides to go back to college to transition to a new career. Option B



By choosing to go back to college, the person is sacrificing their current job, income, and possibly some personal time and resources to pursue a new career path. The opportunity cost in this scenario is the potential earnings, benefits, and opportunities that the person could have enjoyed if they had decided to continue working in their current job.

Option A describes a business failure due to a lack of clients, but it does not involve any opportunity cost as there is no alternative being considered. Option C also does not describe an opportunity cost as the corporation is experiencing a gain rather than a loss.

Option D involves a trade-off but not necessarily an opportunity cost as the employer is simply choosing one candidate over the others without necessarily sacrificing anything.

In conclusion, an opportunity cost arises when a person or a business chooses one alternative over another, sacrificing the benefits of the unchosen alternative. The scenario in option B best describes this concept as the person is giving up their current job and income to pursue a new career, which is the opportunity cost of their decision. Option B

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During the proofreading process, in addition to looking for undetected mistakes from the writing, design, and layout stages, you should look for ________.
A) mistakes that occurred during production
B) issues that might cause distractions
C) a simplified format for the document
D) clean, uncluttered typeface
E) balance and design clarity

Answers

During the

proofreading

process, in addition to looking for undetected mistakes from the writing, design, and layout stages, you should look for issues that might cause distractions. Hence, "option B" is correct.

What is Proofreading? Proofreading is the process of reading over a completed document and checking for errors. It's the final stage in the writing process before

publishing

or submitting. Before sending off the document, you should carefully review it to ensure that it is free of errors that might detract from your readers' comprehension or your credibility. Proofreading is not the same as editing. While editing entails looking at your work's overall flow and structure, proofreading entails looking for smaller, more specific

mistakes.

Proofreading checklist some questions should be asked yourself when you are proofreading. These questions are:Is there any misspelling or typos in the document? Is there any

grammatical

error in the document?Is there any punctuation mistake in the document? Is there any formatting issue in the document?Is there any broken link or unwanted hyperlink in the document? Are there any wrong facts or contradictions in the document? Is there any out-of-context text or irrelevant matter in the document? Hence, during the proofreading process, in addition to looking for undetected mistakes from the writing, design, and layout stages, you should look for issues that might cause distractions.

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.Present Value of an Annuity
On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in
equal installments of $6,250,000 over eight years. The payments will be made on December
31 of each year, beginning on December 31 of this year. If the current interest rate is 5%,
determine the present value of your winnings. Use the present value tables in Exhibit 7. Round
to the nearest whole dollar.

Answers

The present value of your lottery winnings is approximately $39,927,500.

To determine the present value of your lottery winnings, we can use the present value of an annuity formula. The formula is:

PV = PMT × [(1 - (1 + r)^-n) / r]

Where:

PV = Present value

PMT = Payment per period

r = Interest rate per period

n = Number of periods

In this case, the payment per period is $6,250,000, the interest rate is 5% (or 0.05), and the number of periods is 8.

Plugging in the values into the formula, we have:

PV = $6,250,000 × [(1 - (1 + 0.05)^-8) / 0.05]

PV = $6,250,000 × [(1 - 0.68058) / 0.05]

PV = $6,250,000 × (0.31942 / 0.05)

PV = $6,250,000 × 6.3884

PV = $39,927,500

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Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the ______.

Answers

Leadership conceptualized as that which moves followers to accomplish more than is usually expected of them is known as the Transformational leadership.

What is Transformational leadership?

Transformational leadership can be regarded as kind of leadership that motivate followers to accomplish the set goal of the organization excellently as expected of them  by their leaders.

Therefore, Transformational leadership moves followers to accomplish more than is usually expected .

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50 points for whoever helps me .....Based on the questionnaire and activities in this unit, write 2–3 sentences in response to each of the following questions:


1. What do you value the most in a job?

2. Which careers are you suited for based on your personality type?

3. Which of the following traits do you identify with: assertive, persuasive, or systematic?

Answers

Answer:

ok

Explanation:

it's based on your personality or your lifestyle

Why is choosing an appropriate mortgage potentially even more important than
choosing an appropriate auto loan?

Answers

Here are five considerations to keep in mind as you compare vehicle loans to find the best deal: Annual Percentage Rate (APR) When searching for a car loan, your annual percentage rate, or APR, is a crucial consideration.

Monthly Payment, Loan Term, Loan Amount, Fees and Penalties, and Final Remarks.

You wish to drive a modern car that you won't be able to pay for without financing in a fair amount of time. The moderate interest rate means that the additional costs won't have a big impact on the overall cost of the vehicle. The periodic payments won't put undue strain on your current or next finances.

This rule states that housing costs should not exceed 28% of one's gross monthly income and total debt service should not exceed 36%. This rule is frequently used by lenders to decide whether or not to offer borrowers credit.

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Which of the following set is correctly depicting the same type of production: I. bridges, fishing, rum II. Hotel worker, processed coffee, sugar
III. furniture, clothing, roadway IV. all the above

Answers

Each sector of the economy involves a different type of production process.

Which of the following set is correctly depicting the same type of production?

The correct set that is depicting the same type of production is set II, which includes hotel worker, processed coffee, and sugar.

In set II includes hotel workers, processed coffee, and sugar. Hotel workers are part of the service sector, which involves providing intangible goods and services such as hospitality, entertainment, and transportation. Processed coffee and sugar are part of the manufacturing sector, which involves the transformation of raw materials into finished goods for consumption. These items are all related to the same sector of the economy, which is the service and manufacturing sector.

In contrast, set I includes a mix of production types. Bridges are part of the construction sector, fishing is part of the primary sector (which involves extracting natural resources), and rum is part of the manufacturing sector. These items are not related to the same type of production.

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If you think of car commercials on tv, internet, or print, what are some of the special offers advertised?.

Answers

Special offers often advertised are either discounted payment, credit payment etc

What is a TV commercial

This is a form of marketing where a business targets it's audience via tv shows, news etc. This is often effective as the message is most likely passed to the audience in a relaxed and free state. In most case, they use incentives to get customers interested in their products such as discounted payments, credit payments and many more.

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When analyzing the car commercials aired in the most different media, such as TV and the internet, it is possible to see that some of the advertised offers are based on brand promotion through various advertising techniques, such as:

Emotional appealSocial proofCelebrity endorsementWhat is the purpose of a marketing campaign?

A marketing campaign is developed by an organization to promote its products and services, generate competitiveness and market positioning. Communication with the potential audience is carried out through different channels and techniques to create value.

Therefore, it is essential that companies, regardless of the active segment, create marketing campaigns that help in greater integration and engagement with the consumer.

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onsumer holds money to meet spending needs. This would be an example of the: A. Use of money as a measure of value B. Use of money as legal tender C. Liquidity demand, also known as transactions demand for money D. Asset demand for money

Answers

Answer:

the option D is correct

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after three summers working for a local landscaping business, scott suggested that his boss add snow removal as an extra service. with this holistic hunch, scott was acting on ________ that snow removal might be a good addition to the service offerings.

Answers

Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.

Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.

Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.

Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.

Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.

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