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3 years ago

Companies report prior period adjustments, net of any income tax effects in the:

1 answer:

8 0

Companies report prior period adjustments, net of any income tax effects in the single-step income statement.
A single step income statement is one of two commonly used formats for the income statement or profit and loss statement. It uses only one subtraction to arrive at net income. On the other hand, a multi-step statement reveals the company's gross profit, which is the difference between its sales revenue and its cost of goods sold, and operating profit, which is the difference between its gross profit and its operating expenses.

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The deadweight loss from a tax is likely to be greater with a good that has:

Alona [7]

Answer:

A. -many substitute

Explanation:

Deadweight loss is inefficiency that occurs as a result of taxation. It's the change in production or consumption as a result of tax.

If tax is imposed on a good with many substitutes, the deadweight loss would be greater because consumers can easily shift consumption to another good that is cheaper.

If a good has inelastic supply or demand, the deadweight loss is less because consumers and producers do not change quantity demanded and supplied if prices increase as a result of tax.

I hope my answer helps you.

4 0

3 years ago

Madura Inc. wants to increase its free cash flow by $180 million during the coming year, which should result in a higher EVA and

RoseWind [281]

Answer:

$156 million

Explanation:

The computation of the change in net working capital is shown below:

Free cash flow = EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - net capital Expenditure.

$180 million = $960 million × (1 - 40%) + $120 million - change in working capital - $360 million

$180 million = $576 million + $120 million - change in working capital - $360 million

$180 million = $336 million - change in working capital

So, the change in working capital would be

= $336 million - $180 million

= $156 million

6 0

3 years ago

Acme published a story about paul and as a result paul sued acme for damage to his reputation, emotional distress, and punitive

ivolga24 [154]

All of the benefits for <em>non-personal injury</em> cases must be reported as gross income for tax purposes. Since defamation isn't a personal injury claim, all of the award must be reported and is subject to taxation.

7 0

3 years ago

Read 2 more answers

The newspaper reported last week that Bennington Enterprises earned $34.07 million this year. The report also stated that the fi

Arada [10]

Answer:

Earning growth rate will be 12 %

Explanation:

We have given that Bennington Enterprises earned $34.07 million this year.

Return equity = 16 % = 0.16

Retained earning = 75 % = 0.75

We have to find the firm's growth rate

We know that growth rate is given by

Growth rate = Return on equity × retained earning

So firm's growth rate will be equal to = 0.16×0.75 = 0.12

Therefore the earning growth rate will be 12 %

6 0

3 years ago

It is anticipated that the worldwide shortage of highly skilled, college-educated workers will increase significantly by 2020, a

Charra [1.4K]

Answer:

Explanation:

As by 2020 college educated and skilled workers will be short, so companies instead of hiring more skilled workers are relocating their already hired experts and transferring some of their tedious lower skilled tasks to other workers thus reducing their cost of hiring more experts.

By redefining these __high value__ knowledge jobs, they address ___skill__ shortages and _____lower___ costs while enhancing job satisfaction.

3 0

3 years ago