Answer:
d. $257
Explanation:
Calculation to determine what Franklin's taxable income ($ in millions) is:
Accounting income$280
Add Permanent difference: Fines $10
Less Temporary difference: Depreciation ($33)
($102-$69)
Taxable income $257
Therefore Franklin's taxable income ($ in millions) is:$257
Answer:
Journal entries is seen below
1. Interest payment expenses $170,100
To cash $170,100
2. Cash $420,000
To bond payable $420,000
Explanation:
Journal entries with explanations.
1. Interest expenses $170,100
To cash $170,100
(It is recorded being the first interest payment)
The working is as seen below;
= $3,780,000 x 9% x 6 months ÷ 12 months
= $170,100
As per the recording, the interest expense was debited because it increased the expenses while cash is paid which reduced the cash balance hence credited.
2. Cash $ 420,000
To bond payable $420,000
(Being the cash sale of bond that is recorded.)
For the recording, cash was debited as it was received because it increased the cash balance and also credited to bond payable account.
Answer:
d. $240.00
Explanation:
Calculation to determine what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes?
2004 CM% = 12.5% ($15/$120)
2005 CM = $2,400,000 ($1,000,000 + $200,000)
2005 CM per unit = $2,400,000/80,000 units
2005 CM per unit= $30 CM per unit;
2005 selling price per unit = $30/.125
2005 selling price per unit= $240
Therefore what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes is $240
Answer:
D.what the government decides is important for society