What is required for the processing of food from raw materials?

Carla Vista Co. reports a taxable and pretax financial loss of $850000 for 2018. Carla Vista's taxable and pretax financial inco

grin007 [14]

Answer:

$255,000

Explanation:

Given that,

2016:

Taxable and pretax financial income = $850,000

Tax rate = 30%

2017:

Taxable and pretax financial income = $850,000

Tax rate = 35%

Income tax refund receivable in 2018:

= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016

= $850,000 × 30 percent

= $255,000

Note:

(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.

(ii) 2018 net loss should be applied to income of 2016 first.

4 0

3 years ago

If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi

klasskru [66]

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.

7 0

3 years ago

Read 2 more answers

You got asked to analyze a 5 year project for your firm. The project produces an annual revenue of $28,500, but requires an annu

hram777 [196]

Answer:

15,300

72.70%

Explanation:

After tax cash flow = (revenue - cost - depreciation) (1 - tax rate) + depreciation

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($20,000 - $5,000) / 5 = $3,000

($28,500 - $5,000 - $3000) x (1 - 0.4) + $3000 = $15,300

Terminal year cash flow = after tax cash flow + salvage value

$15,300 + $5,000 = $20,300

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Cash flow in year 0 = $20,000.

Cash flow in year 1 - 4= $15,300

Cash flow in year 5 = $20,300

IRR = 72.70%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

8 0

3 years ago

2.) Which of the following is true? A. The convenience yield is always positive or zero. B. The convenience yield is always posi

charle [14.2K]

Answer:

The correct answer is letter "A": The convenience yield is always positive or zero.

Explanation:

The convenience yield reflects the premium of possessing an asset instead of one of its derivates or contracts. This situation arises in front of inverted markets, where holding the asset itself may bring more profits than purchasing a derivate of the same asset.

<em>The convenience yield tends to be positive or zero because the prices of assets cannot fall below zero. In other words, they are not negative.</em>

7 0

3 years ago

_____ is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.

creativ13 [48]

Answer:

The answer is letter A.

Explanation:

Determining salesperson targets and incentives is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.

5 0

3 years ago