Answer:
22.38%
Explanation:
Given that,
Operating profit before interest and tax = $519,233
Net income = $318,022 thousand
Provision for income taxes = $91,720 thousand
Net non-operating expense before tax = $109,491 thousand
Mattel’s statutory tax rate for 2016 = 37%
Income before income tax:
= Net Income + Provision for income taxes
= $318,022 Thousand + $91,720 Thousand
= $409,742 Thousand
Effective tax rate:
= (Provision for Income taxes ÷ Income before tax) × 100
= ($91,720 Thousand ÷ $409,742 Thousand) × 100
= 0.2238 × 100
= 22.38%
Answer:
B) In the short run, a monopoly will shut down if P < AVC.
Explanation:
If the price will be less than the AVC it means that the firm is not able to recover its variable coats and hence will not be able to produce. So it must shut down if it reaches this point in the short run because there is lesser scope of error in short run.
Answer:
D) does not know the products well enough to sell them.
Explanation:
Tracy as a salesperson for Zorc Computers is having trouble making sales as her customers keep bringing up objections which she cannot overcome. There is a high chance Tracy doesn't know the products well enough to be able to convince customers about its functions and why they should buy it.
The customers constantly bring up objections because they are not satisfied with the explanations Tracy is giving them.
The scenario would probably have been different if she knows the products well enough to sell them so if any objections are raised by the customers, she can easily calm their fears and explain exactly how each computer would perform under different circumstances.
Let's say for instance she tells a customer that a particular computer can play Pes 2020 game comfortably without delays because of the RAM size and graphic card, if the customer objects, she can go ahead to educate the person on the functions of the RAM and graphic card and the particular graphic card the computer uses for it to run the Pes 2020 game without hitches.
I would say D sounds more appropriate
Answer:
<u>TRIAL BALANCE:</u>
Debit Credit
Cash 79600
AR 7500
Supplies 400
slaries expense 3100
op- expense 16100
supplies expense 1600
dividends 2000
Account Payable 3000
saalaries expense 3100
Unearned Revenue 5100
Common Stock 60000
Service revenue 39100
110300 110300
Explanation:
We have to record eahc time an accoutn is used and once we got all transactions we determiante the balance
Cash
Debit Credit
60000
8200
28500
15100
2000
<u>96700 17100</u>
<em>79600</em>
AR
Debit Credit
36000
<u> 28500</u>
7500
Supplies
Debit Credit
2000
<u> 1600</u>
400
salaries expense op- expense supplies expense
Debit Credit Debit Credit Debit Credit
3100 16100 1600
Account Payable
Debit Credit
2000
16100
15100
<u>15100 18100 </u>
3000
Salaries Payable
Debit Credit
3100
Unearned Revenue
Debit Credit
8200
<u>3100 </u>
5100
Common Stock
Debit Credit
60000
Service revenue
Debit Credit
36000
<u> 3100 </u>
39100
Then we construct the trial balance which all these account balance.
