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Elenna [48]
3 years ago
5

Alamo, Inc., had $300 million in taxable income for the current year. Alamo also had a decrease indeferred tax assets of $30 mil

lion and an increase in deferred tax liabilities of $60 million. The company issubject to a tax rate of 40%. The total income tax expense for the year wasA. $150 million.B. $180 million.C. $ 390 million.D. $210 million.
Business
1 answer:
Nesterboy [21]3 years ago
8 0

Answer:

D. $210 million

Explanation:

Data given

Decrease in deferred tax assets = $30

Increase in deferred tax liabilities = $60

Taxable income = $300

Tax rate = 40%

The computation of total income tax expense is given below:-

Income tax Payable = $300 × 40%

= $120

Total income tax expenses = Income tax Payable + Decrease in deferred tax assets + Increase in deferred tax liabilities

= $120  + $30 million + $60 million

= $210 million

So, for computing the total income tax expense we simply applied the above formula.

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Joe Jones is aware of wrongdoing and unethical behavior within the manufacturing company where he works. Before Jones blows the
irina1246 [14]

Answer:

D. Will the Jury award be worth it?

Explanation:

Jones asking himself if whistle blowing is the only way to stop unethical behavior and wrong doing before making decision whether or not to whistleblow is important, as if there are alternative measures to be taken that would mitigate those actions, it might be better to take those alternatives.

Same thing with whether he has documentary evidence to back up his accusatory statements and the reason for whistleblowing.

But the one thing that shouldn't have bearing on his decision is if the Jury award would be worth it. Whether or not there's an award for whistleblowing shouldn't be the determinant or driving factor that decides whether or not he should whistleblow. Its unethical to consider the monetary aspect or award gotten from whistleblowing.

7 0
3 years ago
When cell phones were first entering the market, they were relatively large and reception was undependable. All cell phones were
vodomira [7]

As the products go on the market, the limitations in the induction cause them to be relatively homogeneous, however, over time, technological advances, product positioning, consumer needs and profits allow the market to lose homogeneity, especially those products that are related to very subjective and diverse criteria such as aesthetics or happiness.

In this case, what is shown in the cell phone market is the variation in the offer that occurred over time.

Answer

The history of the cell phone demonstrates that a. <em>Markets evolve toward greater heterogeneity over time.</em>

5 0
3 years ago
Explain what "stakeholder theory" means and identify specific ways in which pressure from stakeholders other than shareholders h
Tomtit [17]

Answer:The stakeholders are on the lookout to ensure the firm performs maximally and would want the best decision in place. This is how they influence corporate governance

Explanation:

Stakeholders theory is the theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities such as employees, local market, creditors, supplies and others. The stakeholders are on the lookout to ensure the firm performs maximally and would want the best decision in place. This is how they influence corporate governance

5 0
3 years ago
Monmouth Inc.'s stock has a 30% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 40% chance of pr
otez555 [7]

Answer:

Expected rate of return is 13%

Explanation:

Using the expected values method:

Expected Rate of return = Chance 1 * Outcome 1  + Chance 2 * Outcome 2 + Chance 3 * Outcome 3 + ................... Chance n * Outcome n

So by putting values, we have:

Expected Rate of return = 30% * 20% + 30% * 10% + 40% * 10%

Expected Rate of return = 6% + 3% + 4% = 13%

So the expected rate of return using the expected value method is 13%

3 0
3 years ago
Read 2 more answers
Other things the same, during recessions taxes tend to Select one: a. rise. The rise in taxes contracts aggregate demand. b. fal
Hunter-Best [27]

Answer:

The correct answer is letter "C": fall. The fall in taxes stimulates aggregate demand.

Explanation:

Recessions are the economic phases characterized by a decrease in economic growth. Unemployment rises, real income decreases, and the overall economy of a country dwindles. However, the government intervenes to turn around the situation by establishing fiscal policies.

<em>In such scenarios the tax rate decreases for individuals and institutions to have more money available so their purchasing power increases which, eventually, increases the aggregate demand (total demand for finished products).</em>

6 0
4 years ago
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