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pochemuha
3 years ago
15

On December 31, 2016, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor busin

ess for $17 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $16 million. The loss from operations of the segment during 2016 was $4.6 million. Pretax income from continuing operations for the year totaled $6.7 million. The income tax rate is 30%. Prepare the lower portion of the 2016 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars

Business
1 answer:
ankoles [38]3 years ago
4 0

Answer

Net income = 2.170.000

Loss from operations of discountinued component = -3.600.000

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward
lesantik [10]

Answer:

takeoff

Explanation:

Takeoff is a stage marked by rapid economic growth based upon a few key economic industries or sectors, such as steel, railroads, textiles, and food production. Drive to maturity is a stage where the economy continues to grow and to diversify from the handful of industries that drove growth in the previous stage.

6 0
3 years ago
Who would be hurt if the united states placed a high tariff on sugar imported from brazil?
OverLord2011 [107]

Answer:the poor areas

Explanation:

hope this helps

6 0
2 years ago
What does claim mean
tino4ka555 [31]

Answer:

claim

/klām/

verb

state or assert that something is the case, typically without providing evidence or proof.

"he claimed that he came from a wealthy, educated family"

Similar:

assert

declare

profess

maintain

state

hold

affirm

avow

aver

protest

insist

swear

attest

argue

contend

submit

move

allege

make out

avouch

asseverate

represent

noun

1.

an assertion of the truth of something, typically one that is disputed or in doubt.

"he was dogged by the claim that he had CIA links"

Similar:

assertion

declaration

profession

affirmation

avowal

averment

protestation

representation

contention

submission

case

allegation

pretense

asseveration

2.

a demand or request for something considered one's due.

"the court had denied their claims to asylum"

Similar:

request

application

demand

petition

call

Explanation:

4 0
4 years ago
Read 2 more answers
The CEO of a small but growing sports equipment firm has just announced that sales went up significantly last year. The marketin
Lelu [443]

Answer:

percentage-of-sales approach

Explanation:

As the volume of business revenue increases, the percentage of advertising investment over revenue may decrease. The US Small Business Administration recommends between 7% and 8% if sales are less than $ 5 million a year and the net margin is between 10% and 12%.

It seems logical to determine the cost of what we invest in selling, in relation to the sales we are having, for example, the oil companies allocate a penny for each liter of gasoline they sell.

The logic is maintained if we consider that we will never get out of what the company can really afford, our relationship with CFOs will be one of love at first sight, we look great in presentations to management and promote stability.

Of course it does have bad points, and the first is that its approach is wrong because marketing and communication are not necessarily linked to sales.

3 0
4 years ago
Read 2 more answers
Which may occur as a result of a decrease in the price of laptop computers?
Nimfa-mama [501]

Answer:

<em>Increase in quantity demanded</em>

Explanation:

Demand for a product is the different quantities of that product that consumers are willing and ready to pay for at different prices.

There are many factors that affect the demand for a product; these include change in the price of the product, price of related products, change in consumer income, change in fashion, taste and style.

<u><em>Change in quantity demand</em></u>

Specifically, the law of demand states that there is an inverse relationship between quantity demand and its price. Change in quantity demand is a movement along the demand curve.

<em>A change in the price of a product will produce an opposite change in  the quantity that consumers  are willing to buy assuming all other factors do not change. This is referred as to as change in quantity demand. This can either be an increase or a decrease depending on the direction of the price movement.</em>

<u><em>Change in demand</em></u>

<em>Change in demand is the shift in the demand curve to either right or left.  This can be attributed to any of the factors that affect demand other the price e.g change in income.</em>

<em>Therefore a decrease in the price of laptop computers will lead to an increase in the quantity demanded</em> .

5 0
3 years ago
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