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
Alla [95]
4 years ago
10

Art is in the 24% marginal tax bracket for 2019. He owes a $10,000 bill for business expenses. Because he reports taxable income

on a cash basis, he can deduct the $10,000 in either 2019 or 2020, depending on when he makes the payment. He can pay the bill at any time before January 31, 2020, without incurring the normal 8% interest charge. If he expects to be in a 32% marginal tax bracket for 2020, he should pay the bill and claim the deduction in 2020 . How much tax saving will Art realize by claiming the deduction in the year you answered above if the present value factor for 1 period at 8% equals 0.926?
Business
1 answer:
faltersainse [42]4 years ago
4 0

Answer:

$740.8

Explanation:

To answer this question the following steps are undertaken

1) We consider the Marginal tax bracket Art falls within. And it becomes obvious that his bracket in 2020 is higher than that of 2019. The implication of this discovery is that claiming expenses in 2020 will save more taxes for Art than in 2019.

2) What is his tax savings in 2020 = $10,000 x (0.32-0.24) = $800

Finally, since the present value of tax savings is 0.926

Then the tax savings to realize for 2020 is

$800 x 0.926 = $740.8

You might be interested in
Which of the following statements is true of a VRIO framework?​ A. It involves the difficulty of identifying the actual cause of
Wewaii [24]

Answer:

The correct answer is ​C. It focuses on value, rarity, imitability, and organizational aspects of resources and capabilities.

Explanation:

Technique or analysis through which the company is able to detect what are the resources and capabilities that can provide a certain sustainable competitive advantage, that is, a position of superiority in the market compared to its competitors over time.

The VRIO analysis is based on the resources and capabilities approach and arises from the internal analysis of the company.

The terms and definitions that make up the VRIO analysis (Valuable, Rare, Inimitable and Organized) or VRIN Model (Valuable, Rare, Imperfectly Imitable and Non substitutability) are the following:

• VALUABLE. They allow new opportunities in the market.

• RARE, UNIQUE OR SCASSES. Company specific and difficult to obtain in the market.

• INIMITABLE. Hard to copy or imitate by competition.

• ORGANIZED. Exploited efficiently by the company and complementary.

8 0
3 years ago
If a hotel wishes to determine where to spend resources on renovations - on interior decor or on curb appeal or on recreational
creativ13 [48]

Answer:

The correct answer is True.

Explanation:

The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis and presentation of commercial information. The objective of Business Intelligence is to support better business decision making.

The automatic aspect of Business Intelligence should not go unnoticed. Daily information monitoring allows you to evaluate performance, monitor inventory and track expenses in real time.

Planning strategies without a thorough data analysis is like aiming in the dark. Business intelligence lights the way to make the best decisions in the management of your hotel.

The usefulness of technology to take data from the environment for strategic knowledge is evident as soon as it is launched. By extracting essential data from the environment and presenting it on dashboards, business intelligence allows managers and managers to make informed strategic decisions.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

4 0
3 years ago
Many writers have stated that for strategic objectives to be effective, they should be: ​ a. broad - to cover many dimensions of
likoan [24]

Answer:

The answer is option C) Many writers have stated that for strategic objectives to be effective, they should be measurable - to track progress

Explanation:

Many writers have emphasized the need to make SMART strategies.

In other words, there’s a need for specific, measurable, achievable, realistic and timely.

Therefore, developing a prioritization of projects to ensure the high priority ones have the proper resourcing to ensure success requires a high involvement and commitment to track progress.

The high level of involvement of employees ensures that they understand the strategic plan. It increases their level of commitment to ensure the strategy is successfully executed because they understand how their work and the work they’re completing on the project helps the organization to realize some or all of one of their key strategies.

6 0
3 years ago
Which of the following was implemented to provide stronger laws against terrorism and combat money laundering? US Department of
oksian1 [2.3K]
I’m pretty positive that that the answer is USA patriot act
4 0
4 years ago
Read 2 more answers
Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If
diamong [38]

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

5 0
3 years ago
Other questions:
  • Question #1: Assume an initial starting Ft of 300 units, a trend (Tt) of eight units, an alpha of 0.30, and a delta of 0.40. If
    11·1 answer
  • The airlines have different rules on discounts for different types of travelers. The airlines do this because:
    15·1 answer
  • Raul, the CEO of Color Paints Inc. noticed that their plant loses considerable time daily because the assembly line has to be cl
    8·1 answer
  • Bright Inc. is a toothpaste manufacturing company that is facing intense competition from its rivals. In order to encourage high
    14·1 answer
  • You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s e
    14·1 answer
  • The maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding a
    15·1 answer
  • 2. What is dy/dx if y=6x'/12+0.4x<br>​
    12·1 answer
  • California Covertibles has sales of $11,655,000, an ROE of 17.64%, and a total asset turnover of 2.89 times. What is the company
    14·1 answer
  • The majority of problems Best Buy was facing have been brought about by _________________force.
    9·1 answer
  • It is argued that it is in the interest of business to protect the environment because:_________
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!