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
andrezito [222]
3 years ago
14

Denver Company, a calendar year corporation, had the following actual income before income tax expense and estimated effective a

nnual income tax rates for the first two quarters in year x8: quarter income before tax estimated tax rate first $100k 30% second $140k 24% Denver's income tax expense in its interim income statement for the second quarter should be:
Business
1 answer:
lara [203]3 years ago
7 0

Answer:

Denver Company

Income Tax Expense for the second quarter:

Pre-tax quarter income = $140,000

Estimated tax rate = 24%

Tax Expense = $140,000 x 24%

= $33,600

Explanation:

a) Data:

Quarter    income before tax        estimated tax rate

first                 $100k                          30%

second           $140k                          24%

b) Denver's quarter second income tax expense is the product of the pretax income for the second quarter and the estimated income tax rate for the quarter.  The resulting calculation shows the estimated income tax expense that has to be settled by Denver.  If it is not settled in the quarter second period, it has to be carried forward to the next quarter as a liability under the heading, Income Tax Payable.

You might be interested in
The type of engine that contains 2 camshafts mounted in its cylinder head is called a/an A. overhead camshaft engine. B. push ro
vampirchik [111]
C.


Hope this help! :3
6 0
2 years ago
Read 2 more answers
You have just deposited $14,000 into an account that promises to pay you an annual interest rate of 7.1 percent each year for th
aleksandrvk [35]

Answer:

Explanation:

No se

8 0
2 years ago
The diameter of bearingsis known to have a mean of 35 mm with a standard deviation of 0.5 mm. A random sample of 36 bearings is
timama [110]

Answer:

Explanation:

given,

Mean,μ= 35mm  

Standard Deviation,σ = 0.5mm  

Sample size, n = 36  

Sample Standard deviation =\dfrac{\sigma}{\sqrt{n}}

                                             = \dfrac{0.5}{6}

                                             = 0.0833

The interested diameter is between 34.95 to 35.18 mm  

Calculating the Z score of the for the diameter mentioned.

P(\dfrac{x_1-\mu}{\sigma})

P(\dfrac{34.95-35}{0.0833})

-0.6< Z < 2.16

now, Form Z-table

P(Z

P(Z

Subtracting the value

      = 0.9846 - 0.2741

      = 0.71

Hence, the required probability is that the diameter of bearing is in between  34.95 and 35.18 mm is equal to 0.71.

6 0
3 years ago
What is the law of diminishing​ returns? The law of diminishing returns states that
katen-ka-za [31]
I did the quiz just yesterday and got a 100. The answer is E
7 0
3 years ago
What role does utility loading... play in the economic model of consumer​ behavior? when modeling consumer​ behavior, utility?
xenn [34]
Reflects the satisfaction a consumer receives from consuming a particular set of goods and services
4 0
3 years ago
Other questions:
  • The functional manager is planning the billing system replacement project with the newest project manager at the company. In dis
    8·1 answer
  • Within organizations, leaders are needed to ________ and managers are needed to ________.
    12·1 answer
  • A manufacturing company applies factory overhead based on direct labor hours. at the beginning of the year, it estimated that fa
    9·1 answer
  • Danny Locker recently put down his papers after his managers failed to give him a pay rise that he felt would rightly compensate
    5·1 answer
  • 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
    15·1 answer
  • Last year the Perfection Logistics Company delivered a total of 3.1 million packages, during which they damaged 45,000 deliverie
    14·1 answer
  • Which should Jill do to increase her credit score?
    13·2 answers
  • Explain why supply and price are positively related
    6·1 answer
  • If the economy is in a recession, according to Keynesian economists, which fiscal policy is likely help this economic issue?
    15·1 answer
  • Anyway hi, I'm Janis Ian/Janis Sarkasian, Mean Girls movie/musical introject, pronouns are she/sketch, I identify as a girl, and
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!