1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valentinak56 [21]
3 years ago
11

Which of the following items is not considered evidence in determining if a valuation allowance is necessary? A. A cumulative bo

ok loss over some period of time.B. Management projects future taxable income based on a backlog of signed contracts.C. A net operating loss expired unused in the current year.D. Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.
Business
1 answer:
tatyana61 [14]3 years ago
8 0

Answer:

Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.- D.

You might be interested in
Which of the following expresses the value of a levered firm (VL) in the Static Tradeoff model of optimal capital structure [Not
Brut [27]

Answer:

C. VL = VU + PV(Tax Shield) - PV(CFD)

Explanation:

The static trade off theory is a theory of capital structure in corporate finance, first proposed by Alan Kraus and Robert H. Litzenberger. The theory emphasizes the trade-offs between the tax benefits of increasing leverage and the cost of bankruptcy associated with higher leverage. The <u>answer is C</u> as we know relative to the unleveraged firm, leverage provides both costs and benefits. The benefits are the tax shields provided by debt.

7 0
3 years ago
For a more high pressure situation, what style of management is best to support your groupImmersive Reader
kondaur [170]

Answer:

b i think it is the best answer

5 0
3 years ago
An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross
zhannawk [14.2K]

Answer:

The property manager's annual salary is $42,000

Explanation:

In the question, it is mentioned that the property manager salary equals to the 6% if the property annual gross income, and the property annual gross income is $700,000

So, the property manager salary equals to

= Property annual gross income × 6%

= $700,000 × 6%

= $42,000

The annual expenses and capitalization rate is irrelevant. Thus, it is ignored in the computation part.

Hence, the property manager's annual salary is $42,000

8 0
3 years ago
The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification
nexus9112 [7]

Answer:

1. Notes payable (due in 13 to 24 months) - Long term Liability

This note will be owed for a period of more than 1 year. When this happens the note is said to be Long term.

2. Notes payable (due in 6 to 11 months). - Current Liability

As this note is due in a period less than a year, it is considered a current Liability.

3. Notes payable (mature in five years). - Long term Liability

This is a note that matures in a period more than a year making it a Long term Liability.

4. Current portion of long-term debt. Current Liability.

The current portion is due to be paid within the period so it is short term and hence a Current Liability.

5. Notes payable (due in 120 days). Current Liability.

Due in less than a year.

6. FUTA taxes payable. Current Liability

Taxes are generally considered a short term Liability until they are paid.

7. Accounts receivable. N (Not a Liability)

Accounts Receivable are Assets.

8. Sales taxes payable. Current Liability.

Taxes are generally considered a short term Liability until they are paid.

9. Salaries payable. Current Liability.

These salaries are owed for the period but have not been paid making them Current.

10. Wages payable. Current Liability.

Same as above. They are owed for the period but not yet paid.

4 0
3 years ago
The management of Mitchell Labs decided to go private in 2002 by buying all 3.50 million of its outstanding shares at $22.50 per
Roman55 [17]

Answer:

Initial cost to Mitchell Labs to go private = $78.75 million

Total value = $121.60 million

Percentage return = 54.41%

Explanation:

As per the data given in the question,

a)

Initial cost to Mitchell Labs to go private = Price per share×no. of shares

= $22.50 × 3.50 million

= $78.75 million

b)

Total value = Sale proceeds + Current share value

= Sale proceeds +[(P ÷ E × EPS) × No. of shares]

= $12.50 million +$7.75 million +$24 million + [(17× $1.30) × 3.50 million]

= $44.25 million + $77.35 million

= $121.60 million

c)

Percentage return = ($121.60 million - $78.75 million) ÷ $78.75 million

= 0.5441

= 54.41%

7 0
3 years ago
Other questions:
  • Supply a statement that refers to the wage-price spiral process.
    6·2 answers
  • In the context of data administration component, the acronym crud stands for copy, revise, undo, and define.
    14·1 answer
  • On January 1, 2021, Red Flash Photography had the following balances: Cash, $19,000; Supplies, $8,700; Land, $67,000; Deferred R
    5·1 answer
  • You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares at a pri
    9·1 answer
  • Ajak Corporation owns​ 85% of the single class of Utech Corporation stock. Utech Corporation owns​ 35% of Tech Corporation. Ajak
    5·1 answer
  • The Lodge borrowed $2,000,000 for five years at an annual interest rate of 9% from the Merchant Bank, which required a $100,000
    12·1 answer
  • Community attitudes, zoning restrictions, and quality of labor force are likely to be considered in which of the following locat
    6·1 answer
  • A manufacturer uses activity-based costing to assign overhead costs to products. Budgeted cost information for selected activiti
    13·1 answer
  • An income property generates $9,200 per month, and is valued at $985,000. What is its gross rent multiplier
    6·1 answer
  • Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory i
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!