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
Misha Larkins [42]
3 years ago
11

Misty Company reported the following before-tax items during the current year: Sales revenue $ 1,200 Selling and administrative

expenses 620 Restructuring charges 20 Loss on discontinued operations 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year? Multiple Choice $460. $390. $420. $380.
Business
1 answer:
DaniilM [7]3 years ago
7 0

Answer:

 $420

Explanation:

The computation of the net income for the current year is shown below:

Sales revenue                                              $1,200

Less: Selling and administrative expense  -$620

Less: Restructuring charges                        -$20

Less: Income tax expense at 25%               - $140

Net income                                                    $420

You might be interested in
How do corporate bonds affect the economy
zheka24 [161]

Answer:

Bonds affect the U.S. economy by determining interest rates, which affect the amount of liquidity and determines how easy or difficult it is to buy things on credit or take out loans for cars, houses, or education

<h2>Please mark me as brainliest</h2>

7 0
2 years ago
Which of the following events would cause a rightward shift of the AD curvea rightward shift of the AD curve​, other things bein
Karolina [17]

Answer: C. There has been a decline in the foreign exchange value of the nation’s currency.

Explanation:

The Demand curve of a country can be written as an equation which is

C+I+G+(X-M)

C is consumption, I is investment, G is government expenditure, X is exports, M is imports and X-M is net exports.

When ever consumption, investment, government expenditure or net exports increase the demand curve shifts to the right and whenever they decrease the demand curve shifts to the left.

In this case when the value of the currency foreign exchange declines, the country reduce its imports because they are now more expensive as your currency's value is declining and the exports will increase because they will now be cheaper to foreign buyers as their currency is now gotten stronger. This decrease in imports and increase in exports will  increase net exports and an increase in net exports will shift the demand curve to the right

8 0
3 years ago
Which of the following is a main reason for businesses to expand into foreign markets?
Misha Larkins [42]

Answer: A. To build brand value

Explanation:

By moving internationally, corporations have the ability to increase demand for their products, decrease the economic volatility from their home market, and develop new customers. In most cases foreign markets also allow companies to take advantage or larger margins and of less competition.

7 0
3 years ago
Which type of market
lana [24]

government i think correct me if im rwong l

3 0
2 years ago
As of December 31, 2017, Waterway Industries had $3500 of raw materials inventory. At the beginning of 2017, there was $3000 of
Daniel [21]

Answer: <em>Inventory requisitioned for job = $481500</em>

Explanation:

Given:

Raw materials = $3500

Material on hand = $3000

Material purchased = $475000

Paid (for material purchased) = $412500

Therefore we can compute the inventory requisitioned for job using the following formula:

Inventory requisitioned for job = Material purchased + Opening inventory - Closing inventory

Inventory requisitioned for job = $3500 +$3000 + $475000

Inventory requisitioned for job = $481500

5 0
3 years ago
Other questions:
  • Carly is eager to tell the interviewer about the team she led of product managers from the United States, Latin America, and Eur
    12·2 answers
  • What is the Fisher effect? the tendency of nominal interest rates to rise with higher expected inflation rates the tendency of r
    11·1 answer
  • Ballard Company uses the perpetual inventory system. The company purchased $16,000 of merchandise from Andes Company under the t
    14·1 answer
  • Kenneth, the plant manager, was talking with another manager about Brendan, the lead engineer in the corporate R &amp; D departm
    14·1 answer
  • Corona Company is owned equally by Maria, her sister Carlita, her mother Gabriella, and her grandmother Olivia, each of whom hol
    8·1 answer
  • On January 1, 2021, the Coldstone Corporation adopted the LIFO retail inventory method. Beginning inventory at cost and at retai
    14·1 answer
  • A master budget​ ________. A. is only prepared for manufacturers as they are the only type of company with material purchases an
    10·1 answer
  • An internet service provider has three different subscription package for its customers:Package A: For $9.95 per month 10 hours
    6·1 answer
  • Black Top Express has $1,320 of cash, inventory of $10,200, net fixed assets of $33,600, accounts payable of $3,650, accounts re
    5·1 answer
  • A company reports the following: Sales $6,750,000 Average total assets (excluding long-term investments) 2,500,000 Determine the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!