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valentinak56 [21]
3 years ago
9

greene co. has pretax book income for the year ended december 31, 2019 in the amount of 265000 and has a tax rate of 30%. Deprec

iation for tax purposes exceeds book depreciation by 14500 what should greene co. record as its federal income tax liability for 2018?A) $91,450B) $92,850C) $88,500D) $84,150
Business
1 answer:
Gennadij [26K]3 years ago
8 0

Answer:

Pre-tax book income $265,000

Less depreciation additional charge $14,500

Taxable income $250,500

Tax liability at 30% = $75,150

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The correct word for the blank space is: higher.

Explanation:

Economies of Scale is a key concept for any business in any industry. It is also important for consumers trying to understand why smaller businesses may have to charge more for similar products made by larger companies. Overall, economies of scale mean <em>that production becomes more efficient as the number of goods being produced increases</em>.

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3 years ago
Vaughn Manufacturing has fixed costs of $30000 per year. Its warehouse sells wine with variable costs of 90% of its unit selling
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$300,000

Explanation:

Calculation for How much in sales does Vaughn need to break even per year

Using this formula

Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)

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Therefore How much in sales does Vaughn need to break even per year will be $300,000

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Which of these purchases is more likely to be paid for with a credit card?
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I got A too hope this helps
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