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lesya692 [45]
4 years ago
8

Puritan Corp. reported the following pretax accounting income and taxable income for its first three years of operations: 2017 $

350,000 2018 (600,000 ) 2019 700,000 Puritan's tax rate is 40% for all years. Puritan elected a loss carryback. As of December 31, 2018. Puritan was certain that it would recover the full tax benefit of the NOL that remained after the operating loss carryback. What would be the net loss in 2018 reported in Puritan’s income statement?
Business
1 answer:
dangina [55]4 years ago
3 0

Answer:

Net loss in 2018 reported in Puritan’s income statement = $360,000

Explanation:

Net Loss:

Net loss is the amount by which a company's total costs are more than its total sales during a particular period.

Formula:

Net loss = -taxable income + Income tax benefit

As taxable income for 2018 = $600,000 and Puritan's tax rate is 40% for all years

Therefore by putting the values in the above formula, we get

Net loss in 2018 in Puritan’s income statement = -$600,000 +  ($600,000 * 40%)

Net loss in 2018 reported in Puritan’s income statement =  -$600,000 + 1500000

Net loss in 2018 to be reported in Puritan’s income statement = $360,000

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the number of families receiving assistance under TANF had dropped by ______ within five years of its enactment
Harlamova29_29 [7]

The number of families receiving assistance under TANF had dropped by 50 percent within five years of its enactment.

Temporary Assistance for Families in Need is a US government assistance program. It began on July 1, 1997 and followed aid to the Dependent Children Program, which provides financial assistance to American families in need through the U.S. Department of Health and Human Services.

To be eligible for Oklahoma Family Assistance, you must be an Oklahoma resident and be a U.S. citizen, legal alien, or eligible alien. You must be unemployed or underemployed and have little or very little income. You must also be one of the following: Have children under the age of 18 OR.

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3 0
1 year ago
Mighty Safe Fire Alarm is currently buying 60,000 motherboards from MotherBoard, Inc., at a price of $65 per board. Mighty Safe
9966 [12]

Answer:

It is cheaper to make the units in-house.

Explanation:

Giving the following information:

Buy:

Purchase price= $65

Make:

Direct materials= $28 per unit

Direct labor= $8 per unit

Variable factory overhead= $17 per unit.

Fixed costs for the plant would increase by $76,000.

<u>We need to calculate the total cost for each option. The best option is the one with lower total costs:</u>

<u></u>

Buy:

Total cost= 60,000*65= $3,900,000

Make:

Total cost= 60,000*(28 + 8 + 17) + 76,000

Total cost= 3,180,000 + 76,000

Total cost= $3,256,000

It is cheaper to make the units in-house.

4 0
3 years ago
If you save $20 a month for 12 months how much have you saved?
Gnom [1K]

Answer: $240

Explanation:

Easy multiplication just multiply the rate of income with how much your receiving in total per month. So 20 dollars times 12 months

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3 years ago
Briefly summarize the works of Maslow, Herzberg, McClelland, McGregor, Ouchi, Thamhain and Wilemon, and Covey. How do their theo
iris [78.8K]

Answer:

Following are the solution to this question:

Explanation:

According to Maslow:

  • He thought that people get a set of incentives related to subconscious and rewarding desires.
  • He stated people are motivated and meet certain criteria. Once the needs are fulfilled, an individual tries to achieve the next one, etc.
  • In each hierarchy of Maslow involves 05 motivating factors, also described in hierarchical levels within a pyramid. It model could be divided through necessities (or shortcomings) (e.g. physiologic, protection, love, and appreciation) and the process produces.

The original five-stage template hierarchy includes:

  • Wind, food, drink, shelter, heat, sexuality, sleep - your anatomical, and physical needs.
  • Security needs – safety, law, laws, restrictions, stability, and safety.
  • Character or love requires - job, family, love, relationship.
  • It needs – self-esteem, achievement, mastery, autonomy, status, domination, reputation, and management responsibility.
  • Requires for self-update – personal capacity development, personality, self-development, or peak knowledge.

According to Herzberg:

He shows which work-related to satisfaction were mostly triggered through different causes and did not simply oppose the very same causes as previously believed.

The overall conclusion of Herzberg was clear and clear, and due to the scope and breadth of Herzberg's study design and analysis, Herzberg's figures can be read in several various ways.

According to McClelland:

A motivational model that attempts to explain how the demand for efficiency, intensity, or affiliate affects the actions of people in such a management sense is created by the psychenist, David McClelland's Request Concept.

  • A desire to master tasks and situations drive people who are motivated by success.
  • A desire to build and sustain personal interactions inspire students via an affiliation. You appreciate participation in a group but want to be loved.

According to Ouchi:

Theory Z was identified first as William Ouchi's special organizational structure. He claimed that perhaps the emerging managerial approach, known as Theory Z, will out any to benefit from the many benefits from both structures.

Sustainable employment

That conventional United states organizations, while the workers are afflicted with shorter-term obligations, can unwittingly facilitate managers with much more conventional leadership viewpoints treat workers simply as interchangeable cogs in profitable machines.

Slow assessment and support

Form A usually distinguished by quick performance assessments as well as the prompt promotion of top achievers.

According to Thamhain and Wilemon:

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  • Task: a presumed ability of the project manager to affect future work tasks for the employee.
  • Budget: The perceived capacity of a project manager and authorize the use of extra money by others.
  • Advancement: the ability to develop the position of the employee.
  • Cash: its opportunity to compensate and benefit the employee.
  • Penalty: that ability of the systems engineer to prosecute.
  • Challenge of work: its opportunity to allocate tasks that is focused on the role of a worker.
  • Expertise: unique expertise perceived by the project manager that others consider important.
  • Friendship: A systems engineer can develop good relations.

According to Convey:

  • These 7 habits can be defined as follows:
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  • Begin to think about the end.
  • First, put the very first things.
  • Think again and win.
  • Seek to understand first, to then understand.
  • Substantially boost.
  • Shake the sight.

Process improvement theories:

Ideas mostly on software development linked to Maslow's, Herzberg, McClelland, Ouchi, Thamhain, and Wilemon, and Convey. In the area of human funds, Maslow’s hierarchy is of great importance.

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