Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
Answer:
How will this purchase impact the accounting equation of Perfect Printers at the time of the purchase?
An increase in the assets by $200,000 and a similar increase in liability by $200,000
Explanation:
The accounting equation is the foundation for the double enter system of account balancing. In this system, the amount of debits are entered on one side as the corresponding credit is entered on the other side. Then the total credits are added and compared to the sum of the debit. When the credit equals the debit, the accounts balance. The accounting equation can be expressed as;
A=L+E
where;
A=assets
L=liabilities
E=owner's equity
Lets enter the transaction as shown;
Account type Asset Liability
Printing machine $200,000
Cash $200,000
Total $200,000 $200,000
An increase in the assets by $200,000 and a similar increase in liability by $200,000
Answer:
B. 2.8 years
Explanation:
Initial investment = -120,000+ 8,000 = -112,000
Yr 1 cash inflow = 40,000, hence net CF = 40,000-112,000 = -72,000
Yr 2 cash inflow = 40,000, hence net CF = 40,000- 72,000 = -32,000
Yr 3 cash inflow = 40,000, hence net CF = 40,000-32,000 = 12,000
Payback period = last year with negative net CF + (absolute net CF that year/ total CF the following year)
= 2 + (32,000/40,000)
= 2 + 0.8
= 2.8 years
1.45% = 0.0145
0.0145 * 750 = 10.875
You will have $10.88 withheld from your paycheck this week for medicare tax.
<span>While
the new helmets
decrease the probability of a serious head injury resulting
from a bike accident, they also incentivize cyclists to ride less safely, which
could
increase the number of bike accidents and thus head injuries to cyclists
</span>
<span>Although the new helmets reduce the
probability of head injuries, such an outcome changes the incentives of
cyclists by making them less cautious</span>
