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
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

You might be interested in
A person who holds him- or herself out as a specialist or knowledgeable in a certain type of business is one type of
ruslelena [56]

Answer:

Merchant

Explanation:

4 0
3 years ago
You reflect on your meeting with the midwestern division manager, and you think part of the problem has to do with goals. what c
Anna35 [415]
The one that you could do to adress this is to Establish a system that provides each sales team member with specific, challenging sales goals and performance<span> feedback from their store manager.
By doing this, not only we put a focus for each team members on the expectation toward them, we also could use the data collected by each determines to determine if there is someone that needed to be let go.</span>
7 0
3 years ago
When the macroeconomic equilibrium is such that real GDP exceeds potential real GDP, the economy is suffering from ________, and
guajiro [1.7K]
Base on my research, the gap that is stated in the problem is the inflationary gap. This is the amount of the real GDP go beyond potential full-employment GDP. Upon eliminating this gap the government forms a policy that will allow the potential GDP to be equal to the real GDP and higher the price level. 
7 0
3 years ago
Procter &amp; Gamble brands are advertised in more than 180 countries, with different ad themes in scores of different languages
lubasha [3.4K]

Answer:

The correct answer is D. foreign media.

Explanation:

The international press is made up of a series of chains that cover basic aspects of the news. It is said that its usefulness in the massification of information is necessary, since they cover current news from different angles and allow people to enjoy high quality content and coverage.

3 0
4 years ago
On June 1, 2015 Heloise gave Henrietta a gift of stock worth $10,000. Heloise had purchased the stock on January 1, 2015 for $13
padilas [110]

Answer:

$500 short-term capital gain

Explanation:

Henrietta's gain = selling price - stock's basis = $13,500 - $13,000 = $500

Since Henrietta received the stocks on June 1, 2015, and sold them on January 1, 2016, only 7 months had passed, therefore, this transaction would be considered a short term capital gain.

When a gift is sold (in this case the stocks), a taxpayer can use the basis for computing gains. If the stocks were sold at a loss, Henrietta should use the lower value (at the moment of the gift) to determine her loss.

3 0
3 years ago
Other questions:
  • Marina Manufacturing is considering buying new equipment for its factory. The new equipment will reduce variable labor costs but
    12·1 answer
  • Which of the following statements is false? A) Battery acid cannot be neutralized B) Batteries should never be stored on metal t
    8·1 answer
  • For a perfectly competitive industry with identical firms, the long-run industry supply curve is: perfectly elastic. horizontal.
    14·1 answer
  • Writing in the new york times on the technology boom of the late​ 1990s, michael lewis​ argues, 'the sad​ truth, for​ investors,
    14·1 answer
  • On April 30, 1990, April purchased a $1,000 10% par-value seven-year bond having semiannual coupons; these were payable at the e
    13·1 answer
  • On January 1, 2021, the Excel Delivery Company purchased a delivery van for $51,000. At the end of its five-year service life, i
    5·1 answer
  • Exotech Computers manufactures computer components such as chips, circuit boards, motherboards, keyboards, LCD panels, and the l
    6·1 answer
  • QUESTION 6 of 10: A business with two owners where the profits are taxed as income to the owners is most likely a:
    7·1 answer
  • Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the s
    6·2 answers
  • What are the benefits and advantages of members when joining organizations like UNWTO, PATA, or ASIANTA?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!