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olga55 [171]
3 years ago
12

Appalachian Airlines began operating in 2010. The company lost money the first year but has been profitable ever since. The comp

any's taxable income (EBT) for its first five years is listed below. Each year the company's corporate tax rate has been 40%.
Year Taxable Income
2010 −$4,000,000
2011 $1,000,000
2012 $2,000,000
2013 $3,000,000
2014 $5,000,000


Assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions and that the current provisions were applicable in 2010.
How much did the company pay in taxes in 2013?
Business
1 answer:
Aleksandr [31]3 years ago
4 0

Answer:

$800,000

Explanation:

The computation of the taxes paid by the company in 2013 is shown below:

Year    Taxable Income         Carry forward amount        Year-end amount

2010    -$4,000,000                                                            $0

2011      $1,000,000               - $4,000,000                        $3,000,000

2012     $2,000,000              -$3,000,000                         $1,000,000

2013     $3,000,000              -$1,000,000                          $2,000,000

Now the tax paid is

= $2,000,000 × 40%

= $800,000

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Talja [164]

Answer:

The correct answer is letter "E": influencer, gatekeeper, and decider.

Explanation:

As Mark's business is family-owned, it implies all the decisions are not made only by him. Then, in purchasing a food concession trailers he will have to let the other members of the family know about this decision.

Mark already decided Century Industries is the best option to take for the trailers but needs to influence his point of view to his family members. In other words, Mark will be the gatekeeper between his family business and Century Industries.

5 0
3 years ago
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $26,000. Budgeted cash receipts tota
aliya0001 [1]

Answer:

Calculations below

Explanation:

beginning cash balance $    26,000

Add; Cash receipts         $ 105,000

Total cash available         $ 131,000

Less: Cash disbursments $ (94,000)

Excess (Deficieny) of cash available over disbursments $    37,000

Borrowings ($70,000-$37,000) $    33,000

Ending cash balance $    70,000

5 0
3 years ago
Read 2 more answers
Wei lives in Beijing where most consumers value thriftiness and perseverance, and relationships are gradually established with t
aleksley [76]

Answer:

d. long-term orientation

Explanation:

Based on the information provided within the question it can be said that this is an example of a culture high in long-term orientation . This term refers to placing all resources and focus on the long term future of something in order to make sure it lasts for as long as possible and provides great benefits far off in the future. Which is what the consumers in Beijing seem to value the most.

8 0
3 years ago
The law of increasing costs warns us that as demand increases, the cost of the product increases. as the cost of production incr
givi [52]

Answer: c). according to the ppf, as we produce more of one product, eventually we have give up more and more of the other product.

Explanation: PPF shows all possible combination of goods that a country can produce with its limited resources. The slope of a PPF is the opportunity cost which shows the units of goods that must be sacrificed to gain more and more units of the other good. As we move down the PPF the opportunity cost increases. This means that <em>more and more units of a good must be sacrificed to gain additional units of the other good</em>.

7 0
2 years ago
Haynes, Inc. obtained 100 percent of Turner Company's common stock on January 1, 2017, by issuing 10,000 shares of $10 par value
saveliy_v [14]

Answer:

a. $848,000

b. No

Explanation:

a. The calculation of consolidated equipment balance as of December 31, 2018 is shown below:-

Consolidated equipment balance = Equipment balance of Haynes + Equipment balance of Turner + Allocation based on fair value - Depreciation

= $500,000 + $300,000 + $5,000 - (($5,000 ÷ 5 × 2)

= $500,000 + $300,000 + $5,000 - $2,000

= $848,000

2. No it will not affect by the investment method applied by the parent.

6 0
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