1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
4 years ago
9

Eckert Corporation's partial income statement after its first year of operations is as follows:

Business
1 answer:
Arte-miy333 [17]4 years ago
4 0

Answer:

A. $2,700,000

Explanation:

For computing the deduction amount for depreciation tax, first we have to calculate the total amount of deferred tax amount which is shown below:

Total Deferred tax amount = Deferred tax × (percentage value ÷ tax rate)

= $90,000 × (100% ÷ 30%)

= $300,000

And the depreciation expense in this year is $2,400,000

So, the total amount deducted would be

= $300,000 + $2,400,000

= $2,700,000

You might be interested in
Problems which deal with the direct distribution of products from supply locations to demand locations are called:____________.
SOVA2 [1]

Answer:

a. Transportation problems

Explanation:

In Business management, problems which deal with the direct distribution of products from supply locations to demand locations are called transportation problems.

Transportation is a supply chain technique which primarily includes all of the process involved in the distribution of finished goods and services from the production line to the consumers or end users, so as to meet their needs or wants.

6 0
3 years ago
The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year:
Savatey [412]

Answer: $1,063,000

Explanation:

Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.

The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.

= $1,100,000 - $37,000

= $1,063,000

7 0
3 years ago
The market price people are willing to pay for a unit of a particular commodity is determined by A. the sum of average and margi
kkurt [141]

People are willing to pay for a unit of a particular commodity is determined by Marginal utility.

Explanation:

Marginal utility (MU) is characterized as the additional utility obtained from the use of one additional unit of a good or service, or the increased use of an increased unit by an entity.

Economists use the idea of marginal utility to assess how much of an item consumers can purchase. Positive marginal utility happens when the consumption of an additional item increases the total utility, while negative marginal utility occurs when the consumption of an additional item reduces the total utility.

8 0
3 years ago
Coronado Company sells merchandise on account for $4600 to Wildhorse Company with credit terms of 2/10, n/30. Wildhorse Company
telo118 [61]

Answer:

$3,528

Explanation:

The computation of the amount of the check after considering the discount period is shown below:

= Sale value fo merchandise - returned goods - discount paid

= $4,600 - $1,000 - $3,600 × 2%

= $3,600 - $72

= $3,528

By applying the above formula we can get the amount of the check and the same is to be considered

hence, the amount of the check is $3,528

6 0
4 years ago
The contribution margin is determined by subtracting _______.
sineoko [7]

Answer:

c. variable product and variable period cost from sales.

Explanation:

Contribution Margin is obtained by subtracting the total variable costs from the sales. This is also known as direct costing. Deducting fixed expenses from the contribution margin yields profit . Contribution margin is used in various ratios such as the contribution margin ratio and break even sales is also determined by using it sometimes. Contribution margin is a tool for managers as sales figures guide cost figures. The variable cost of goods sold varies directly with sales volume and the influence of production on profit is eliminated.by deducting only the variable product costs and not the variable period costs we get gross contribution margin. After deducting the variable period costs we get the contribution margin.

5 0
3 years ago
Other questions:
  • If golfers have increased income, what will happen in the market for golf clubs?
    10·1 answer
  • Looking forward to next year, if Baldwin's current cash balance is $25,719,453 and Cash Flows From Operations next period are un
    12·1 answer
  • A neighborhood sportswear store sells a pair of victoria sneakers for $40. due to the recent fitness craze, these shoes are in h
    8·1 answer
  • Stowell earns 20% interest compounded annually on his savings. He will deposit $1,500 today, $1,650 one year from today, and $1,
    6·1 answer
  • An example of business-to-business sales is selling ________.
    7·1 answer
  • Onslow Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at an $8,000 cost. On Jan
    13·1 answer
  • Suppose Megan gets a sales bonus at her place of work that gives her an extra $400 of disposable income. She chooses to spend $3
    12·1 answer
  • if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Associatio
    14·1 answer
  • There are several ways that central banks can increase or decrease the money supply. Match the descriptions below with the corre
    15·1 answer
  • The transfer of the right of recovery from the insured to the insurance company is called:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!