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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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If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
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Answer:

specialty store

Explanation:

Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.

8 0
3 years ago
Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equip
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It will decrease because the marginal productivities of workers will decrease.  Diminishing marginal product occurs when the marginal product of an input goes down as the quantity of the input goes up.  The transformation in product resulting from employing one more unit of a particular input for instance, the change in output when a firm's labor is mark up from five to six units, assuming that the mass of other product are kept constant  is called The input of marginal product or marginal physical product.

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3 years ago
Jamison's gross tax liability is $7,200. Jamison had $2,625 of available credits and he had $4,400 of taxes withheld by his empl
mina [271]

Answer:

The answer is: Jamison has $175 in taxes due.

Explanation:

To determine the amount of taxes that Jamison still has to pay, we can use the following formula:

Taxes due = tax liability - (taxes withheld by employer + tax credits)

Taxes due = $7,200 - ($4,400 + $2,625) = $7,200 - $7,025 = $175

Jamison has $175 in taxes due.

7 0
3 years ago
What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest? Prese
laiz [17]

This is future value by defnition

6 0
3 years ago
Read 2 more answers
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at
docker41 [41]

Answer:

The current price is $34.40

The price be in three years is $38.70

The price in 15 years is $61.95

Explanation:

In this question, we apply the Gordon model which is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,  

Current year dividend

For one year

= $2.15 × (1 + 4% )

= $2.15 × 1.04

= $2.236

The other items rate would remain the same

Now put these values to the above formula  

So, the value would equal to

= 2.236 ÷ (10.5% - 4%)

= $34.40

The price is three years would be

= $34.40 × (1.04) ^ 3 years

= $34.40 × 1.124864

= $38.70

The price is 15th years would be

= $34.40 × (1.04) ^ 15 years

= $34.40 × 1.8009435055

= $61.95

7 0
2 years ago
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