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3 years ago

The depreciation tax shield is best defined as the:

Business

1 answer:

lesantik [10]3 years ago

7 0

Is best defined as the amount of tax that is saved because of the depreciation expense.

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Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,000 units) $280,000 Cost of goods sold (105,

stiv31 [10]

Answer:

COGS= $89,250

Explanation:

Giving the following information:

First, we need to calculate the unitary cost of goods sold:

Unitary COGS= 105,000 / 35,000= $3

<u>Now, the new number of units sold:</u>

Units sold= 35,000*0.85= 29,750

<u>Finally, the COGS for 2020:</u>

COGS= 29,750*3

COGS= $89,250

3 0

3 years ago

Recently, ink has been developed that will conduct electricity. The application for this ink is to print circuitry that can be r

nalin [4]

Answer:

This is an example of how technological forces are applied to industry.

Explanation:

This here is a clear example of how an industry can enjoy benefits of technological up gradation and also goes on to show how we can apply such technological up gradations to a particular industry.

The example given in the question of such an ink which can print circuitry, is a huge game changer in the industry as the cost of radio frequency tag would be driven down , giving the chance to the firms in the industry to book more profit than before.

6 0

3 years ago

What is the difference between gross income, taxable income, and adjusted gross income?

melisa1 [442]

Answer:

Here is what I found, I hope it helps

Explanation:

Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.

6 0

3 years ago

Read 2 more answers

________ is conceptualized as consisting of six steps which include problem definition, developing an approach to the problem, r

Finger [1]

Answer:

A) The marketing research process

Explanation:

Marketing research process is the collection, analysis, and interpretation of data relating to the marketing conditions. It consist of the systematic process of planning and executing marketing objectives and also solving marketing related problems

Defining the problem, developing the research plan, collecting information, analyzing information, presenting the findings and lastly making decision.

3 0

3 years ago

A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increa

Anettt [7]

Answer: Option (d) is correct.

Explanation:

Given that,

Net Income = $252,327

Depreciation expense = $21,821

Accounts Receivable increased by = $14,346

Inventory increased by = $33,617

Prepaid Expenses decreased by = $3,079

Accounts Payable decreased by = $4,161

Loss on the sale of equipment = $5,398

Operating Income = Net Income + Depreciation expense - Accounts Receivable - Inventory + Prepaid Expenses - Accounts Payable + Loss on the sale of equipment

= $252,327 + $21,821 - $14,346 - $33,617 + $3,079 - $4,161 + $5,398

= $230,501

7 0

3 years ago