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2 years ago

Abc company earned $851,597 in taxable income for the year. how much tax does the company owe on this income?

1 answer:

3 0

Since there is no further information, i believe the answer would be : D. 289,542.98

The taxed rate for taxable income is usually depended on the type of the company (it could be around 30 - 35 %), but it should be around option D

hope this helps

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Photo Framing's cost formula for its supplies cost is $1,090 per month plus $19 per frame. For the month of November, the compan

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Answer:

Spending Variance $389 Unfavorable

Explanation:

The spending variance is the difference between the standard cost allowed for the actual level of activity and the actual cost incurred.

Standard allowance ($19× 609) + 1090 12,661

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Spending Variance  389 Unfavorable

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2 years ago

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The general relationship between spot and forward exchange rates is specified by a concept called interest rate parity. It speci

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Answer: -2.55%

Explanation:

The formula to calculate Forward Rate is:

Forward Rate = Spot rate X $\frac{1 + I_{O} }{1 + I_{D} }$

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$0.0052 = 0.005 X $\frac{1 + 0.0135 }{1 + I_{D} }$

$0.0052 X ${1 + I_{D} }$ = 0.005 X 1.0135

$0.0052 X ${1 + I_{D} }$ = 0.0050675

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The yield on 180-day risk-free securities in the United States is -2.55%

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2 years ago

All the airlines that fly to the island country of Klerwada distribute tourist information pamphlets in their flights. These pam

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Answer:

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Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.

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2 years ago

The income statement for the Carolina Service Company for the year ended December 31, 2017, appears below. Includes $25,000 of i

KATRIN_1 [288]

Answer:

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Times interest earned = 5.4

Explanation:

Common stock outstanding at end = Shares outstanding (open) +Shares issued.

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a.)we know that earning per share = net income - preference dividend

Common shares outstanding at end

= ( N#1) 135000 - 5000

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= 2.166 earning per share

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we have Beginning equity + net income - Dividend = Equity (end)

Net Income = 600000+35000-500000

Net income = 135000

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2 years ago

Why is credit an important part of the economy?

Vinil7 [7]

Answer:

A. It allows people and businesses to pay off expensive purchases

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