Answer:
a motion for summary judgement.
Explanation:
According to my research on different legal proceedings , I can say that based on the information provided within the question this is a motion for summary judgement. This term refers to a request for the court to rule that the other party has no case, because there are no facts at issue. Which applies to this situation because Turista Airlines is not presenting any facts, yet they are arguing the case based on those non-existent facts.
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Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
If the company budgets 40% for income tax expense, the budgeted net income will be $16,002
Explanation:
Total expense of the company = COGS + Depreciation expense + Interest expense + Other expenses = $48,500 + $1,500 + $250 + $41,880 = $92,130
Pretax income = Sales - Total expense = $118,800 - $92,130 = $26,670
Income tax expense = $26,670 x 40% = $10,668
The budgeted net income = Pretax income - Income tax expense = $26,670 - $10,668 = $16,002
