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Alekssandra [29.7K]
3 years ago
8

Marigold Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $192000 loss in the y

ear of disposal. The loss on disposal of the segment was $99000. If the tax rate is 30%, and income before income taxes was $1630000.
a. the income tax expense on the income before discontinued operations is $378300.
b. the income from continuing operations is $1141000.
c. net income is $1339000.
d. the losses from discontinued operations are reported net of income taxes at $291000.
Business
1 answer:
Furkat [3]3 years ago
5 0

Answer:

The correct option is b. The income from continuing operations is $1141000.

Explanation:

Based on the information given we were told that the tax rate is 30% while the income before income taxes was $1,630,000 which means that the The income from continuing operations is $1141000 calculated as:

Income from continuing operations=[$1,630,000-(30%*$1,630,000)]

Income from continuing operations=$1,630,000-$489,000

Income from continuing operations=$1,141,000

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C. less than 1

Explanation:

Supply is elastic if producers can increase output without a rise in cost or a time delay which means Price elasticity of supply is more than 1.

Supply is inelastic if producers find it hard to change production in a given time period which means Price elasticity of supply is less than 1.

When Price elasticity of supply equals 0 then supply is perfectly inelastic.

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2-1.3 Which of the following statements about data storage is (are) true? A chart of accounts is a list of the numbers assigned
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Answer:

  • A chart of accounts is a list of the numbers assigned to each general ledger account.
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Explanation:

A chart of accounts contains a list of all the numbers assigned to balance sheet and income statement accounts. The account numbers allow transaction data to be coded, classified, and entered into the proper accounts.

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What do you expect the level of implied demand uncertainty to be for jasmine rice produced by Thailand at a supermarket? Explain
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Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.

Explanation:

Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.

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