They should try to take free online school classes
Answer:
$17,820,000
Explanation:
The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period
Taxable income for 2021 = $66million
Enacted or current tax rate for 2021 = 27%
Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million
Hence Current portion of income tax expense = $18 million
Answer:
(a) $3.48 per unit
(b) 64.2%
Explanation:
(a) Anthony’s contribution margin per unit:
= Selling price per unit - Variable cost per unit
= $5.42 - $1.94
= $3.48 per unit
Therefore, the Anthony’s contribution margin per unit is $3.48 per unit.
(b) Anthony's contribution margin ratio:
= (Contribution Margin Per unit ÷ Selling Price per unit) × 100
= ($3.48 per unit ÷ $5.42 per unit) × 100
= 0.6420 × 100
= 64.20%
Therefore, the Anthony's contribution margin ratio is 64.2%.
$10500.
What is credit and debit?
Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.
<u>Debit</u>
An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.
<u>Credit</u>
A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.
Learn more about credit and debit with the help of given link:-
brainly.com/question/27917616
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