List Corporation reported pretax accounting income of $90,000, but due to temporary differences, taxable income is only $50,000. Assuming a tax rate of 40%, the income statement should report net income of:
a) $20,000
b) $36,000
c) $54,000
d) $16,000

Answers

Answer 1
The answer is c I believe I’m not sure though I took a business class like 3 years ago

Related Questions

Lon's GPS, Inc., orders 500 Class A widgets to be installed in GPS units it is manufacturing. When delivery is made on Monday, the widgets delivered are Class B. Lon's signs a receipt accepting the nonconforming shipment. The next day, Lon's installs some of the Class B widgets and finds that they perform with half the accuracy of the Class A widgets. What, if any, options does Lon's have?

Answers

Answer and Explanation:

In the most cases when a shipment of goods are accepted i.e. not confirmed so here the buyer could adjust the prices also he has the right to reject the goods.

In the given case, UCC provides that the goods that are non confirmed is accepted and these goods want to impair so the buyer has the right to revoke the acceptance this can be done with the reasonable time

Suppose that some country had an adult population of about 47 million, a labor-force participation rate of 123.4 percent, and an unemployment rate of 31.0 percent. How many people were unemployed?

a. 18 million
b. 81.0 million
c. 58 million
d. 40 million

Answers

The number of unemployed peoples is 17.67 Millions, when the rate of unemployed peoples are 31%.

What is unemployment?

Unemployment happens when individuals who desire to do work are incapable to encounter jobs, which displaces economic output.

High pressure rates of unemployment are a sign of economic pain, while highly low-level rates of unemployment may sign a hotted economy.

Computation of unemployed peoples:

According to the given information,

The labor force rate =  123.4%, and

Absolute Value =  47 million

Then, the labor force population is:

[tex]\text{labor Force Population} = \text{The Labor Force Rate} \times \text{Absolute Value}\\\\\text{labor Force Population} =123.4\% \times 47 \text{Million}\\\\\text{labor Force Population} =57 \text{Approx.}[/tex]

Now, the number of unemployed peoples are:

According to the given information,

unemployment rate = 31.0

Then,

[tex]\text{Number of Unemployed Peoples} = \text{Unemployment Rate} \times \text{Labor force Population}\\\\\text{Number of Unemployed Peoples} = 31\% \times 57 \text{Million(Approx)}\\\\\text{Number of Unemployed Peoples} =17.67\text{Million}[/tex]

Therefore, the number of unemployed peoples are 17.67 Millions.

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The Elkmont Corporation needs to raise $52.5 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $21 per share and the company's underwriters charge a spread of 7.5 percent, how many shares need to be sold?

Answers

Answer:

The amount of shares need to sold is

The rule in Garner v. Murray deals with​

Answers

Answer:

In the event of the insolvency of a partner any losses should be shared in the ratio of the last agreed capital balances before the dissolution took place. This is known as the Garner v Murray rule.

Wood Company had the following inventory items on hand at the end of the year. Computing the lower of cost or net realizable value on an item-by-item basis, determine what amount would be reported on the balance sheet for inventory.

Quantity Cost per item Net realizable value per item Lower of cost or market Reported on the balance sheet
Item A 80 $87 $102
Item B 40 62 57
Total

Answers

Answer:

$9,240

Explanation:

Calculation for the amount that would be reported on the balance sheet for inventory

Using this formula

Quantity* Lower of cost or market= Amount to

be Reported on balance sheet

Let plug in the formula

Item A 80 *$87 =$6,960

Item B 40* 57=$2,280

Total $9,240

($6,960+$2,280)

Therefore the amount that would be reported on the balance sheet for inventory will be $9,240

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This site shows the occupations with the highest expected growth rates over the period 2014 - 2024. Which occupation is expected to grow at the highest percentage increase? Is this occupation also expected to have the largest increase in the number of jobs? Explain.

Answers

According to the information provided by the graph, it can be inferred that the occupation with the highest percentage of growth is wind turbine service technicians with 108.0%. While the one with the greatest increase in jobs is Home Health aides with 348.4.

How to interpret the information in the table?

In the table there are different columns and rows that organize the information. To know a specific data we must identify what each row and column corresponds to.

The columns (horizontal) correspond to the different jobs that are projected to increase in the period of time 2014 - 2024.

On the other hand, the (vertical) rows have different data such as:

Number of jobs.Change between 2014 and 2024.Average annual salary.Education required for that job.

According to this information, it can be inferred that the employment with the highest percentage of increase is that of wind turbine service technicians with 108.0%.

However, the air turbine technician job is not the one with the largest variation in job titles. The one with the greatest variation in jobs employment is Home Health aides with 348.4.

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1. The occupation that is expected to grow at the highest percentage increase between 2014 and 2024 is Wind Turbine Services (technicians) with some college education.  It has a percentage change of 108%.

2. However, this occupation is not also expected to have the largest increase in the number of jobs.

Instead, the occupation with the largest increase in the number of jobs between 2014 and 2024 is Home Health Aides (with no formal educational credential).

What is occupation?

Occupation refers to the type of work a person does to earn a living.

For example, working as a Wind Turbine Service technician is an occupation.

Other occupations include school teaching, commercial driving, nursing practice, and working as a home health aide.

Thus, the occupation that is expected to grow at the highest percentage increase is Wind Turbine Services (technicians) while the occupation with the largest increase in the number of jobs is Home Health Aides.

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Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is its maximum profit?

a. $10,500
b. $8,500
c. $7,500
d. $6,000

Answers

Answer:

c. $7,500

Explanation:

Profit Maximization is a process in which an entity determines the selling price and cost of the product that results in the highest profit.

Use following formula to calculate the maximum profit

Maximum profit = Mean demand x ( Price per unit - Cost per unit )

Where

Mean demand = 500

Price per unit = $25

Cost per unit = $10

Placing values in the formula

Maximum Profit = 500 x ( $25 - $10 )

Maximum Profit = $7,500

how do you make a placement in marketing

Answers

About placement:

The process of making a product or service accessible for use or consumption by a consumer or business user, using direct means, or using indirect means with intermediaries.

Main Question:

How do you make a placement in marketing?

Answer:

Use your social media channels to reach out to industry influencers. Create awareness and interest for your products by sharing with those who may be able to do some product placement on their own channels. Prepare Press Kits.

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Walton Inc., makes an unassembled product that it currently sells for $55. Production costs are $20. Walton isconsidering assembling the product and selling it for $68. The cost to assemble the product is estimated at $12.What decision should Walton make?

a. process further because NI will be $13 greater
b. sell before assembly because NI per unit will be $12 greater
c. process further because NI will be $1 greater
d. sell before assembly because NI per unit will be $1 greater

Answers

Answer:

c. process further because NI will be $1 greater

Explanation:

Calculation to know What decision that Walton should make

First step is to calculate the current selling price profit

Using this formula

Current selling price profit= selling price -cost price

Let plug in the formula

Current selling price profit= =$55-$20

Current selling price profit = $35

Second Step is to calculate the new selling price profit

New selling price profit= $68-($20+_12)

New selling price profit=$68-$32

New selling price profit= $36

Last step is to calculate the NI using this formula

NI=New selling price profit-Current selling price profit

Let plug in the formula

NI=$36-$35

NI=$1

Based on the above calculation their is an increase in net income of the amount of $1 which means that the decision that Walton should make will be to process further because NI will be $1 greater

In the __________________ manufacturing environment, order acceptance occurs before the production lead time. Fill in the blanks.

Answers

Answer:

Make to order (MTO)

Explanation:

A Make to order (MTO) can be defined as a manufacturing technique which typically involves the production of goods only when an order has been placed by a customer. Thus, no product would be manufactured under this production technique or approach until a confirm order is received.

In the Make to order (MTO) manufacturing environment, order acceptance occurs before the production lead time.

Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870 The adjusted cash balance per books on April 30 is:______.

Answers

Answer:

Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870.

The adjusted cash balance per books on April 30 is:__$17,290.

Explanation:

a) Data and Calculations:

Cash balance per books, 4/30 = $13,700

Deposits in transit 1,900

Notes receivable and interest collected by bank 4,620

Bank charge for check printing 160

Outstanding checks 9,400

NSF check 870

b) Cash balance per books, 4/30                           $13,700

Notes receivable and interest collected by bank     4,620

Bank charge for check printing                                    -160

NSF check                                                                     -870

Adjusted cash balance as per books on April 30 $17,290

c) The adjusted cash balance of $17,290 will be equal to the balance on the bank statement on the same date, unless there is another accounting error that is not listed above.

The BRS Corporation makes collections on sales according to the following schedule:



25% in month of sale
71% in month following sale
4% in second month following sale


The following sales have been budgeted:



Sales
April $ 180,000
May $ 110,000
June $ 100,000


Budgeted cash collections in June would be

Answers

Answer:

$110,300

Explanation:

June collections will comprise of

25% of June sales

71% of May sales

4% of April sales

25% of June sales

=25/100 x 100,000

=$25,000

71% of may sales

=71/100 x $110,00

=$78,100

4% of April sales

=4/100 x $180,000

=$7,200

Total June collections

=$25,000 + $78,100 +$7,200

=$110,300

Manufacturing overhead data for the production of Product H by Shakira Company are as follows.

Overhead incurred for 52,000 actual direct labor hours worked $263,000
Overhead rate (variable $3; fixed $2) at normal capacity of 54,000 direct labor hours $5
Standard hours allowed for work done 52,000

Required:
Compute the total overhead variance.

Answers

Answer:

$3,000 (A)

Explanation:

Total overhead variance is the difference between actual fixed overhead cost and overhead budgeted cost. Budgeted overhead cost is overhead rate multiplied by actual direct labor hours , while overhead rate is the total of variable overhead and fixed overhead rate.

Total overhead cost variance is computed as;

= Actual fixed overhead cost - Budgeted overhead

= $263,000 - ($5 × 52,000)

= $263,000 - $260,000

= $3,000 (A)

Therefore total overhead cost variance is $3,000 (A).

A seller has accepted an offer from John. John wants to remodel and add an outdoor pool when he has enough equity built up to cover the project. Which loan arrangement will help him build equity faster than the others?

Answers

Answer:

make a 40% down payment upfront

Explanation:

The best arrangement that would help him accomplish this would be to make a 40% down payment upfront. The best way to build equity as fast as possible is to put down the biggest down payment that you can. The bigger the down payment, the higher the boost in equity that you will receive. That is why it is the best option. Anything above 20% down payment is the ideal scenario, while 40% would be perfection.

Causes of low economic growth

Answers

Answer:

Effect on living standards. ...

Pressure on public services and government borrowing.

increase in aggregate demand (AD).

A rise in unemployment If productivity is growing at 3% a year, then new technology will enable firms to produce more output with fewer workers. ...

Effect on living standards. ...

Pressure on public services and government borrowing.

Related.

entrepreneur development is the key to​

Answers

Explanation:

Entrepreneurial development is the key to achieve all-round industrial and entrepreneurial activities.

1. Which generally accepted accounting principle (GAAP) requires the use of depreciation for assets that have useful lives beyond one year

Answers

Answer:

matching principle

Explanation:

The matching principle in accounting basically states that you must record expenses or costs in the same period as you record revenues associated to them. I.e. the use of assets generates revenue, therefore, you must expense that use at the same time when you record revenues.

US GAAP accepts 4 depreciation methods:

Straight line method Declining balance method Units of production method Sum of years' digits

You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stock, you have received dividends of $1.09 per share. Today, you sold your stock at a price of $47.76 per share. What was your total percentage return on this investment?A. 10.84%B. 12.09%C. 13.76%D. 9.59%E. 12.90%

Answers

Answer:

B. 12.09%

Explanation:

Calculation for the total percentage return on this investment

Investment total percentage return= ($47.76 per share -$43.58 per share+$1.09 per share/$43.58) × 100

Investment total percentage return= $5.27/$43.58 × 100

Investment total percentage return= 0.1209× 100

Investment total percentage return= 12.09%

Therefore the total percentage return on this investment will be 12.09%

A stock has had returns of 16 percent, 23 percent, 15 percent, −11 percent, 30 percent, and −5 percent over the last six years.What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Arithmetic return % Geometric return %

Answers

Answer and Explanation:

The computation of the arithmetic and geometric return for the stock is shown below:

Arithmetic return is

= (16% + 23% + 15% - 11% + 30% - 5%) ÷ 6

= 11.33%

And,

Geometric return is

= ((1 + 16%) × (1 + 23%) × (1 + 15%) × (1 - 11%) × (1 + 30%) × (1 - 5%))^(1 ÷ 6) - 1

= 10.33%

The same is to be considered

The _____________ define(s) what the system does.
A. mission of the system
B. RA
C. operational characteristics
D. previous findings

2- What may occur if you do NOT include the scope of the RA when defining it?
A. Attacks
B. exploited threats
C. Losses
D. missed deadlines

3- __________ define(s) how the system operates in your environment.
A. The mission of the system
B. Operational characteristics
C. RAs
D. Previous findings

Answers

1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics

One year ago, you purchased 350 shares of Titan Wood Products for $63.17 per share. The stock has paid dividends of $.71 per share over the past year and is currently priced at $68.22. What is your total dollar return on your investment?a. $2016.00b. $1891.75c. $1767.50d. $2083.20e. $1008.00

Answers

Answer:

gfshjddjssx jvskjkjbggdaz ffddcb

A tax exempt money market fund has an annual return of 3.82 percent. What is your equivalent taxable rate if you are in a 32 percent marginal tax bracket?
A) 3.15 percent
B) 3.38 percent
C) 5.62 percent
D) 6.11 percent
E) 6.81 percent

Answers

Answer:

C) 5.62 percent

Explanation:

Tax exempt rate = Taxable Rate * (1 - tax rate)

3.82 = Taxable Rate * (1 - 0.32)

3.82 = Taxable Rate * 0.68

Taxable Rate = 3.82 / 0.68

Taxable Rate = 5.617647058823529

Taxable Rate = 5.62%

You own a movie theater. The theater generates $100,000 per year in net income. This is expected to grow at 2% per year. Someone offers to buy the theater from you. How much should you charge as the selling price of the theater?

Answers

Answer: $1275000

Explanation:

From the question, we are informed that a theater generates $100,000 per year in net income and it is expected to grow at 2% per year.

The selling price of the theater if someone offers to buy will be:

= net income × (1+g) / (r-g)

= $100,000 × (1 + 2%) / (10% - 2%)

= $100,000 × (1.02) / (0.08)

= $1275000

The amount of money which the theater owner should charge as the selling price of the theater is:

$1275000

According to the given question, we are asked to calculate the selling price of a movie theater, when we factor in the net  income, expected growth, etc.

As a result of this, we can see that to make the necessary calculations, we have to take note of some important things such as:

Net income

Expected growth rate

The net income is $100, 000 per year

The expected growth rate is 2% per year

With this in mind, the owner can calculate the selling price as net income × (1+g) / (r-g) which would give us $100,000 x 91.02)/ (0.08)

= $1275000

Therefore, the correct answer is $1275000

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The International Monetary Fund​ (IMF): ___________.A. aids countries with balance of payment and exchange rate problems. B. in recent years has provided large loans to​ Russia, South​ Korea, and Brazil. C. was created as a result of the Bretton Woods Agreement. D. is all of the above.

Answers

Answer:

D. is all of the above.

Explanation:

The International Monetary Fund is a an international organisation that works to promote monetary cooperation between member countries, reduce poverty, and encourage economic growth around the world

It's member nations are 190 in number.

The IMF mainly aids countries with balance of payment and exchange rate problems.

Also IMF has helped Russia, South​ Korea, and Brazil by giving them loans in recent years.

The IMF was created as a result of Bretton Woods agreement.

After World war 2 in 1944 the central banks of allied nations agreed to fix the exchange rate of their currencies and the dollar. Members also agreed to not go into trade wars

Despite Alisa’s request for a 7% wage increase for workers with seniority, Katherine flat out rejects the request and cites the fact that the company has a salary freeze for all employees. In this situation, Katherine is using which type of power to make this decision?

Answers

Answer:

Legitimate power.

Explanation:

Legitimate power is one that a person hold as a result of their position in an organisation.

They formally hold a position if authority that enables them exercise such power.

For example in the community the police has the authority to arrest law offenders.

This type of authority tends to be on official matters that have a set guideline.

In the given scenario Katherine rejects Alisa’s request for a 7% wage increase for workers with seniority and cites the fact that the company has a salary freeze for all employees.

The freeze is an official guideline in place within the organisation, and Katherine is enforcing it.

A personal characteristic that fosters organizational politics is a) the desire to help. b) need for power. c) drive to be a vision-holder. d) requirement for participation. e) tendency to need to socialize

Answers

Answer: b) need for power.

Explanation:

Organizational politics are activities that people engage in to be able to further their personal interests even if these interests are not always in the best interest of the company itself.

To be able to further their interests, they need power and influence which means that the personal characteristic that fosters organizational politics is the need to have power.

A company factored $37,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a:_____.A. Debit to Cash of $37,620, a debit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $38,000.
B. Debit to Cash of $38,380 and a credit to Accounts Receivable of $38,380.
C. Debit to Cash of $38,000 and a credit to Accounts Receivable of $38,000.
D. Debit to Cash of $38,000 and a credit to Notes Payable of $38,000.
E. Debit to Cash of $38,000, a credit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $37,620.

Answers

the answer is c lolllll

A methods and measurements analyst needs to develop a time standard for a certain task. In a preliminary study, he observed one of his workers perform this task five times, with the following results:

Observation --- 1 --- 2 --- 3 --- 4 --- 5
Time(seconds) 84 ---76 - -80 --84 --76

How many observations should be made if the analyst wants to be 99.74 percent confident that the maximum error in the observed time is two seconds?

a. 25
b. 6
c. 49
d. 5
e. 36

Answers

Answer:

e. 36

Explanation:

Number of observations needed, n = (z *s / h) ^2

Where,  z = number of standard deviation needed for desired confidence level of 99.74% = 3, s = Standard Deviation of task = 4 seconds, h = maximum error in the observed time = 2 seconds.

n = (3*4/ 2) ^2

n = (12/2) ^2

n = 6^2

n = 36 observations

Thus, the number of observations needed in the task is 36 observations

Paunch Burger has a beta of 1.2 and just paid a dividend of $2.30 that is expected to grow at 3.2%. If the risk-free rate is 3% and the market risk premium is 6%, what should be the price of the stock

Answers

Answer:

P0 = $33.9085 rounded off to $33.91

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,  

D0 is the dividend paid  recently

D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

First we need to calculate the required rate of return or r using the CAPM.

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,  

rRF is the risk free rate

rpM is the market risk premium

r = 0.03 + 1.2 * 0.06

r = 0.102 or 10.2%

Now using the formula for P0 under the constant dividend growth model,

P0 = 2.3 * (1+0.032)  /  (0.102 - 0.032)

P0 = $33.9085 rounded off to $33.91

A company reported the following information for its most recent year of operation: purchases, $114,000; beginning inventory, $27,000; and cost of goods sold, $124,000. How much was the company's ending inventory?

Answers

Answer:

ending finished inventory= $17,000

Explanation:

Giving the following information:

purchases, $114,000

beginning inventory, $27,000

cost of goods sold $124,000.

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

124,000 = 27,000 + 114,000 - ending finished inventory

ending finished inventory= 141,000 - 124,000

ending finished inventory= $17,000

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