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Dimas [21]
3 years ago
14

Crimson Corp. has a component that is a discontinued operation. The component incurred a loss from operations of $40,000. The co

mponent was sold with an additional loss of $160,000. The tax rate is 30%. What is the income tax effect for the discontinued operation?
Business
1 answer:
zavuch27 [327]3 years ago
6 0

Answer:

$60,000 income tax benefit

Explanation:

Since Crimson Corp. had a loss from operations and sold the asset for a loss we know that they lost money with the asset and an income tax benefit was generated. To calculate the income tax benefit we need to add both losses: $40,000 (operation) + $160,000 (sale) = $200,000 in total losses.

$200,000 x 30% = $60,000 income tax benefit

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Katie dough is a successful dentist and a wonderful pastry chef. she earns $800 a day on average in her dental practice. her fri
GaryK [48]

Answer:

No

Explanation:

Katie's opportunity cost is too high. She is giving up more money at the dental practice than the $100 she would be saving by making the pastries from hand instead of ordering them from the caterer. The group should continue to order the pastries and split the cost among all the friends so each person's share is lower.

3 0
3 years ago
What role does utility play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects t
olya-2409 [2.1K]

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer​ behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

4 0
3 years ago
Superior​ Services, Inc. is a consulting firm that offers optimal legal solutions. It allocates indirect costs using a single pr
nikitadnepr [17]

Answer:

The correct answer is $28.

Explanation:

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

Estimated indirect cost = $170,000

Direct labor hours = 6,000 hours

Direct hour rate = $250

So, we can calculate the predetermined overhead allocation rate per direct labor​ hour by using following formula:

Predetermined Overhead allocation Rate per direct labor hour = Estimated Indirect cost / Total direct labor hour

= $170,000 / 6000 hours

= $28.33 per hour

= $28 per hour.

Hence, the predetermined overhead allocation rate per direct labor​ hour is $28.

5 0
3 years ago
In a typical e-mail address, the "host" is
bezimeni [28]
The host is you or whoever owns the email address 
3 0
3 years ago
Read 2 more answers
A horizontal demand curve shows that demand for a good is _____.
Evgen [1.6K]
'Elastic' goods-is something in the market that is high in demand (in publicity-and that people buy it.
Ex beef is a great example of an elastic good. If you set the beef to a higher price than usual-customers will not buy it as expectedly as before.

'Inelastic' goods like gas- is a perfect example because if you set gas in high price-customers would not question it and pay for the price of gas anyways. (Due to it fulfilling customers' needs only.)


To answer your question, a horizontal demand curve is when you have a fixed demand in price (people are buying it has demand) and that supplies have ample quantity. (Supplies are high quantity)

Demand for a good in the horizontal demand curve is 'moderately elastic' because the supplies have quantity more than the fixed demand. It fits modernly elastic-customers are not buying as much due to high price and therefore supplies of quality increases. Just like the beef example.

The Answer is A

If the horizontal demand curve is 'inelastic' then it would be the opposite- demand would be higher than the quantity of supply.

Hope this helps :)
4 0
3 years ago
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