Answer:
Income tax expense
= 40% x $250,000 = $100,000
Total income tax expense
= 40% x ($250,000 +$70,000) = $128,000
The correct answer is D
Explanation:
The income tax expense is calculated on the operating income of $250,000 while the total income tax expense is calculated on the gross income of $320,000. Tax is computed at the rate of 40% of the income respectively.
Answer:
d. about 11.4 percent
Explanation:
% change in pound = ($2.05 - $1.95)/$1.95
= 5.1%
Effective financing rate = (1 + 6%)(1 + 5.1%) - 1
= 11.4%
Therefore, The effective financing rate for a U.S. firm that takes out a one-year, uncovered British loan is about 11.4 percent.
Answer:
a. Long
b. $375.00
Explanation:
a. If interest rates decrease over the period of investment, Treasury bond prices will increase. Thus, Dudley Savings Bank should take a long position in the futures contracts on the Treasury bonds. As T-bond prices go up, so will T-bond futures prices.
b. Given a long position:
Net profit = Sale price of futures − Purchase price of futures
= $107,687.50 − $107,312.50 = $375.00
Purchase price of futures = 107 − 100 = 107 10/32% × $100,000 = $107,312.50
Sale price of futures = 107 − 220 = 107 22/32% × $100,000 = $107,687.50
Explanation:
Answer:
$48,000
Explanation:
The computation of the budgeted net income is shown below:
= Estimated gross margin - incurred selling and administrative expenses - interest expense
= $90,000 - $30,000 - $12,000
= $48,000
In order to find out the budgeted net income we simply deducted the total expenses incurred from the estimated gross margin
That speaker tends to <span>closed-minded and impulsive.
The most important things for that speaker is most likely not finding the best outcome from the people around them that could be done if they just work together , but rather to become the center of attention by diminishing other people's value (putting them down)</span>