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natita [175]
3 years ago
6

Information for Hobson Corp. for the current year ($ in millions):

Business
1 answer:
madam [21]3 years ago
8 0

Answer:

Income before tax of $17,000,000

net income                   $12,750,000

Explanation:

Hobson income from continuing operations can be computed by eliminating transactions relating to discontinued operations from the details provided:

Income from continuing operations     $215,000,0000

additional warranty expense                  ($70,000,000)

additional depreciation                           ($145,000,000)

non-deductible portion of advertising        $17,000,000

income before tax                                        $17,000,000

tax  at 25%*$17 million                                    ($4,250,000)

Net income                                                      $12,750,000  

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If the pound sterling appreciates against the U.S. dollar, England buys _____ U.S. goods, causing the U.S. aggregate demand curv
Mandarinka [93]

Answer: More, Right

Explanation:

Appreciaton of a currency means the value of the currency has increased. When the pound sterling appreciates against the United States dollar, England will buy more of the products in the United States because the goods are cheaper when compared to their own currency.

Due to the increase in the United States product bought by England, the aggregate demand curve of the United States shifts to the right. The shift to the right of the aggregate demand curve shows that there is an increase in demand.

6 0
3 years ago
Micron Precision purchased equipment on January ​1, 2018​, for $ 40,606. Suppose Micron Precision sold the equipment for $ 30,00
Step2247 [10]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $30,000

Accumulated Depreciation - Equipment A/c $12,494

        To Equipment A/c $40,606

        To Gain on Disposal of Equipment $1,888

(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)

The computation is shown below:

= $30,000 + $12,494 - $40,606

= $1,888

3 0
3 years ago
Rosalie is a sales consultant for Avon Cosmetics. This illustrates
aliina [53]

a. Rosalie is a sales consultant for Avon Cosmetics. This illustrates personal selling. Hence, option (a) is relevant option.

<h3>Give a brief account on Marketing.</h3>

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The occasional hiring of a specialized marketing firm or advertising agency may be necessary. Less frequently, a trade association or government agency (like the Agricultural Marketing Service) will market an entire sector or location, frequently a single food item (like Got Milk? ), food from a specific area.

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7 0
1 year ago
The current ratio includes at the of the following except :
Umnica [9.8K]

Answer: B i believe

Explanation:

7 0
3 years ago
Read 2 more answers
If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what k
BigorU [14]

Answer:

industrial products

Explanation:

A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.

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3 years ago
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