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Molodets [167]
3 years ago
6

At Sunland Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciat

ion for 2018 was found to be understated by $119400. (2) A strike by the employees of a supplier resulted in a loss of $92400. (3) The inventory at December 31, 2018 was overstated by $156900. (4) A disposal of a component of the business resulted in a $2000000 loss. The effect of these events and transactions on 2020 net income net of tax would be:
a.($1754000
b. ($1673920)
c. ($1894960)
d. ($74420).
Business
1 answer:
e-lub [12.9K]3 years ago
4 0

Answer:

B. $1673920

Explanation:

First calculate Total loss

$2000000 loss from disposal of a component of the business and loss of $92400 from strike by the employees of a supplier

$2000000 + $92400 = $2,092,400

20% of the loss =

20% × $2,092,400

= $418,480

Therefore the effect of these events and transactions on 2020 net income net of tax would = Total loss - 20% of total loss

$2,092,400 - $418,480

= $1,673,920

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In a ________ marketing system, two or more unrelated companies put together resources or programs to exploit an emerging market
sammy [17]

In a horizontal marketing system, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity. Thus the correct option is E.

<h3>What is marketing?</h3>

Marketing refers as a technique in which awareness of any product is created with the help of advertising and promotion to attract customers and to encourage them to make a purchase.

A horizontal marketing system is a type of distribution channel in which unconnected businesses at the same level form an alliance. The objective is to take advantage of economies of scale.

Therefore, option E is appropriate.

Learn more about marketing, here:

brainly.com/question/13414268

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In the​ ________, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity.

A.contractual marketing system

B.vertical marketing system

C.conventional marketing channel

D.franchise organization

E.horizontal marketing system

8 0
1 year ago
A company using the perpetual inventory system purchased inventory worth $ 22 comma 000 on account with terms of 2​/10, ​n/30. D
EastWind [94]

Answer:

Discount = $420

Explanation:

Inventory purchased = $22000

Defective inventory = $ 1000

to find out

amount of the purchase discount that would be available to the company is​

solution

we know Inventory purchased = $22000

and return is $1000

so Net Purchases = $22000  - $1000

Net Purchases = $21000

so

discount claim for $21000  is 2%

Discount = 2% of $21000

Discount = $420

4 0
3 years ago
A television advertisement for Chick-fil-a shows several cows eating grass in a large field. The camera zooms out to show that t
JulsSmile [24]

Answer:

D) being original

Explanation:

An advertising copy is the main text or phrase used in an advertisement.

The copy used in this commercial is original, specially given the context. Generally advertisements show the product that is being advertised, not a substitute product (cow meat is substitute to chicken meat). This ad tries to be funny in showing that cows prefer people eating chicken instead of them.

8 0
3 years ago
Lotoya Davis Corporation has 10 million shares o common stock issued and outstanding. On June 1, the board of directors voted an
Viktor [21]

Answer:

June 1st:

Retained Earnings (Dr.)                 $8,000,000

Dividends Payable (Cr.)                $8,000,000

June 30th

Dividends Payable (Dr.)               $8,000,000

Cash (Cr.)                                      $8,000,000

These entries will remain same even in the case of liquidating dividend.

Explanation:

On June 1st the dividend is declared so the journal entry will be

Retained Earnings (Dr.)                 $8,000,000

Dividends Payable (Cr.)                $8,000,000

There will be no journal entry on June 14th.

On June 30th the dividend is paid:

Dividends Payable (Dr.)               $8,000,000

Cash (Cr.)                                      $8,000,000

The entry would not have differed if it was a liquidating dividend.

5 0
3 years ago
For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta c
adoni [48]

Answer:

14%

Explanation:

required rate of return = risk free rate of return + ( risk premium x beta)

5% + 1.5 x 6% = 14%

3 0
3 years ago
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