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yarga [219]
3 years ago
9

For the year ended December 31, year 5, Pering Co. reported pretax financial income of $550,000. Its current tax expense was $14

4,000. Pering reported a difference between pretax financial statement income and taxable income. This difference is due to accelerated depreciation for income tax purposes. Pering’s effective income tax rate is 30% and Pering made estimated tax payments during year 5 of $75,000. What amount did Paring report as taxable income for year 5?
405,000
480,000
475,000
550,000
Business
1 answer:
lukranit [14]3 years ago
4 0

Answer: $480,000 is the taxable income for year 5 reported by Paring report.

Given:

Pretax financial income = $550,000

Current tax expense = $144,000

Effective income tax rate is 30%

Taxable income is computed as :

Taxable income = Tax expense ÷ Current tax rate

Taxable income = $144,000 ÷ 30%

<u><em>Taxable income = $480,000</em></u>

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A large multinational organization formed from mergers and acquisitions experienced a lot of disruptive behaviors at all levels.
scZoUnD [109]

Answer:

Option a                            

Explanation:

In simple words, consensus building refers to the process under which different individuals, who will get affected in some way or another from the decision being made, share the views and ideas and prepare a solution that makes maximum benefit and minimal loss to the all.

Such kind of behavior is needed in large organisations where the number of employees working is very high and different individuals have different goals for themselves. Thus, from the above we can conclude that the correct option is A.

3 0
3 years ago
Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! B
Aleonysh [2.5K]

Answer:

It seems that someinformation is missing, nevertheless, it is possible to calculate the market value of the firm if you have the total number of shares.

Explanation:

In this case, if the question says that the "outstanding shares" haven't changed, it means that the total number of shares neither, therefore it is possible to get the market value by multiplying $180 (the stock price for 1 share) per the total number of shares

5 0
3 years ago
_____________ are companies that are similar to s corporations but are not restricted with similar eligibility requirements.
Levart [38]

<u>"Limited liability companies" </u>are companies that are similar to s corporations but are not restricted with similar eligibility requirements.


A limited liability company is a corporate structure whereby the individuals from the organization are not actually obligated for the organization's obligations or liabilities. Limited liability companies are half and half elements that join the attributes of an enterprise and an association or sole proprietorship. While the constrained risk include is like that of an enterprise, the accessibility of move through tax assessment to the individuals from a LLC is a component of organizations.  


4 0
3 years ago
A stock with a beta of 1.1 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage p
Sedbober [7]

Answer:

The rate of return on the stock can be best guessed to be 5%

Explanation:

Beta = 1.1

expected rate of return = 16%

But return = 10%

1.1 x 10%

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The updated expectation for the stock return is

= 16% − 11%

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7 0
3 years ago
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jeyben [28]

Answer:

You should make sure the channel you choose is capable of creating lots of:

Time and place utilities.

Explanation:

Utility:

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8 0
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