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kifflom [539]
4 years ago
5

Mann, Inc., has a bonus plan covering all employees. The total bonus is equal to 10% of Mann’s preliminary (prebonus, pretax) in

come reduced by the income tax (computed on the preliminary income less the bonus itself). Mann’s preliminary income for the year is $200,000 and the income tax rate is 40%. How much is the bonus for the year?
Business
1 answer:
zloy xaker [14]4 years ago
7 0

Answer:

$12,500

Explanation:

Bonus = 10% x ($200,000 - taxes)

Bonus = $20,000 - 0.1T

So we must now find T:

T = 40% x ($200,000 - Bonus)

T = $80,000 - 0.4Bonus

now we can replace:

Bonus = $20,000 - 0.1($80,000 - 0.4Bonus)

Bonus = $20,000 - $8,000 + 0.04Bonus

Bonus - 0.04Bonus = $12,000

0.96Bonus = $12,000

Bonus = $12,000 / 0.96 = $12,500

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3 0
4 years ago
Problem solving conferences are usually reserved for chronic situations that have not yielded to simpler remedies.
WITCHER [35]

Correct Question: Problem solving conferences are usually reserved for chronic situations that have not yielded to simpler remedies. True/False

Answer:

True

Explanation:

Problem solving conferences as written in the question are conferences reserved for chronic or serious situations that have not yielded to simple remedies. When a problrm in an organization has defied every basic solution, conferernces are put in place to brainstorm and tackle those problems.  

Cheers

6 0
3 years ago
Holding money while preparing food is ___ when you are wearing gloves
klio [65]
Sanitary or unsanitary would be the answers. Unless there are choices to go with this question. 
6 0
3 years ago
Read 2 more answers
Jackson Company purchased office equipment costing $3,000 for his business and paid immediately. Record this transaction in the
OLga [1]

Answer:

Explanation:

The accounting equation is shown below:

Total assets = Total liabilities + Shareholder's equity

In the given transaction, the office equipment was purchased for $3,000 and it is paid immediately which means the balance of office equipment is increased and the cash balance is decreased.  

It gives a positive impact on office equipment under fixed assets and a negative impact on the cash balance under the current assets.

8 0
4 years ago
CDB stock is currently priced at $76. The company will pay a dividend of $4.41 next year and investors require a return of 10.6
Lostsunrise [7]

Answer

g = 4.8%

Explaination

We can use the Gordon growth model to calculate stock pice.

P = D(1) /  (r - g)

P: Stock price ($76)

D(1): Dividend paid at year-end ($4.41)

r: required rate of return (10.6%)

g: dividend growth rate (Missing value)

By inputting numbers into the above equation, we have the following:

76 = 4.41 / (0.106 - g)

--> g = 4.8%

6 0
3 years ago
Read 2 more answers
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