Answer:
Snap on the report as the tax expenses will be $244.427
Explanation:
We have given income before tax in 2016 = $801.4 million
Effective rate tax = 30.5 % = 0.305
We have to find the snap on report as tax expense
Tax expenses is given by
Tax expense
So snap on the report as the tax expenses will be $244.427
Answer:
With a <u>CASHIER'S CHECK</u>, the bank serves both as the drawer and the drawee. The most common type of negotiable instrument is a(n) <u>PROMISSORY NOTE</u>.
Explanation:
A cashier's check is a negotiable instrument because it is in writing, it is an unconditional order to pay, it is signed by the bank (the drawer), it orders the bank (the drawee) to pay a certain specified amount of money to the bearer of the check.
A promissory note is a signed document that promises an unconditional payment to a specific individual or legal entity (business). A promissory note can include a specific date for the payment or the payment can be made on demand.
Answer:
a. insurance premium
Explanation:
Insurance copay is the fixed amount that an insured person pays to cover the insurance policy. Moreover, it is linked to the health sector. Therefore, option B is incorrect.
Insurance coverage is the coverage for an insurance policy. It can be dictated as risk or liability. Therefore, option C is wrong.
Out-of-pocket expense is a direct expense, and it is not related to the insurance plan. Therefore, option D is false.
An insurance premium is an amount we have to pay for the insurance plan we accept to ensure for various purposes. Therefore, option A is the answer.
Answer:
Your study partner is correct that the distinction between government’s budget deficit and debt is similar to the distinction between consumer savings and wealth.
Savings and deficits are actions that take place over time, they dont happen overnight . When any government is spending more than it receives in tax revenue in a particular time period, this governmemt will be running a budget deficit. On the other hand, when consumers spend less than their disposable income in a particular time period, they are saving.
However, both debt and wealth are measured at one point in time. When the government runs a budget deficit, the deficit is almost always financed by borrowing, which adds to its debt. This is also Similar to consumers who accumulate wealth by saving.
We can also say that your study partner is wrong in that the government can run a large budget deficit and have a small debt if it hasn’t run large deficits in the past.
Explanation:
See answer for the detailed explaination
Answer:
Total mark down Dollars for sales =$4,250
Explanation:
The markdown is the discount given expressed as a percentage of the original sales price.
The total sales value at the original price = 250× 75 = 18,750
Discount per lobster in Dollars = 75-58 = $17
Mark down (%) = 17/75×100 = 22.67%
Total markdown Dollars for sales = 22.67%× 18,750= $4,250
Total mark down Dollars for sales =$4,250