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r-ruslan [8.4K]
3 years ago
10

Which country has had a higher growth rate than the US over about the last 120 years?

Business
1 answer:
Drupady [299]3 years ago
6 0
Highest growth rate based on GDP rate is found in Japan. This has been an ongoing trend for the last 100 years.
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Au Sable Corporation reported taxable income of $760,000 in year 2 and paid federal income taxes of $176,500. Not included in th
butalik [34]

Answer:

$726,500

Explanation:

The computation of current earnings and profits for year 2 is shown below:-

current earnings and profits for year 2 = Profit as per Income Tax - Penalty disallowed + Life insurance proceed - Tax Expenses

= $760,000 - $42,000 + $185,000 - $176,500

= $945,000 - $42,000 - $176,500

= $726,500

Therefore we have applied the above formula to reach out the current earnings and profits for year 2.

5 0
3 years ago
Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of land valued at $100,000. Usin
Kobotan [32]

Answer:

AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)

In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40

=9750

In 6 years the complex has depreciated for $58,500

So the current value of the apartment complex would be (490,000-58500)

The current value of the apartment complex is $431500

Explanation:

3 0
3 years ago
In 2019, Carla Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Carla had reve
dimulka [17.4K]

Answer:

Diluted earnings per share for 2020. is 93 cents

Explanation:

Diluted Earnings per share shows the<em> future position</em> of the Earnings per shareholders once the potential shareholders begin exercising their rights.

Potential Shareholders exists due to Financial Instruments that <em>might be converted into ordinary shares</em>. Examples are Convertible Bonds, Options, Convertible Preference shares.

<em>Step 1 Calculate Basic Earnings Per Share</em>

Basic Earnings Per Share = Earnings Attributable to Ordinary Shareholders / Weighted Average Number of Ordinary Shares in Issue during the period.

<u>Profits attributable to Ordinary Shareholders :</u>

Earnings  ( $14,700 - $6,900)                                                     $7,800

<em>Less</em> After tax Interest on Bonds (60×$1,000×8%×80%)         ( $3,840)

Profits attributable to Ordinary Shareholders                           $ 3960

<u>Weighted Average Number of Ordinary Shares</u>

Common stock  outstanding                                                       2,400 shares

Basic Earnings Per Share = $ 3960/ 2,400

                                            = 165 cents

<em>Step 2 Calculate Diluted Earnings Per Share</em>

Diluted Earnings Per Share = Adjasted Basic Earnings per Share Earnings/ Adjasted  Number of Ordinary Shares

<em></em>

<u>Adjusted Basic Earnings per Share Earnings</u>

Profits attributable to Ordinary Shareholders                           $ 3960

Add Savings on Interest (60×$1,000×8%×80%)                        $3,840

<em>Adjusted Basic Earnings per Share Earnings                          $7,800</em>

<u>Adjusted  Number of Ordinary Shares</u>

Common stock  outstanding                                                       2,400 shares

Add 60× 100 shares of Convertible Bonds                                6,000 shares

<em>Adjusted  Number of Ordinary Shares                                    8,400 shares</em>

Diluted Earnings Per Share =  $7,800/8,400 shares

                                                = 93 cents

7 0
3 years ago
Joe is one of the lead accountants for his company. Last month he was pressured to prepare the financial reports more quickly th
Minchanka [31]

Answer:

Explained.

Explanation:

Joe being the lead accountant for his company so, he prepares the financial reports.

Joe made mistakes in financial report making his  manager angry  because the resources at the Joe's company are limited and financial report that are timely and reliable would have helped the company to attract some financial investment.

6 0
3 years ago
The following information was collected for the first year of manufacturing for Appliance Apps: Direct Materials per Unit $2.50
lara31 [8.8K]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

Total unitary variable cost=2.5 + 1.5 + 0.25 + 1.5

Total unitary variable cost= $5.75

<u>Now, the variable costing income statement:</u>

Sales= 33,000*12= 396,000

Total variable cost= (33,000*5.75)= (189,750)

Total contribution margin= 206,250

Fixed Manufacturing Expenses= (117,000)

Fixed Selling and Administration Expenses= (21,000)

Net operating income= 68,250

4 0
3 years ago
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