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ollegr [7]
3 years ago
7

On June 30, Ayayai Corp. discontinued its operations in Mexico. On September 1, Ayayai disposed of the Mexico facility at a pret

ax loss of $600,000. The applicable tax rate is 25%. Show the discontinued operations section of Ayayai’s statement of comprehensive income.
Business
1 answer:
ioda3 years ago
3 0

Answer:

The discounted operations section will show a value of $450,000

Explanation:

In this question, we are asked to calculate the discounted operations value .

To do this, what we need to know is we are to use a mathematical approach.

The mathematical formula to to be used take into consideration the value of the net of tax = Pretax loss - ( Tax rate * Pretax loss)

From the question, we can identify that the Pretax loss = $600,000

The Tax rate = 25%

The net of tax = 600,000-(25/100 * 600,000) = 600,000 - 150,000 = $450,000

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A company is assessing opportunities in the BRIC companies and determines that _________ is one of the youngest populations in t
romanna [79]

Answer:

India is one of the youngest Nation in the world

Explanation:

The countries that fall under the BRICs (Brazil, Russia, India and China), will have large tendency to shape the future of world because these countries are growing with greater GDP growth rates.

India is the one of the youngest nation with having its 27% population living below 27 years. The generation has opted to technological advances which suits most of the companies to move here. The human resource here is available at low cost and the free trade agreement of India with a lot of countries has helped it to equip its resources to maximum which is the reason it has 7.6 GDP growth rate.

There is increased demand for infrastructure development, basic needs provision and many other commodities. So this makes India an attractive market with a well diversified people taste because a lot of civilizations are living and burried here.

5 0
3 years ago
What is the difference between patronizing your favorite store and patronizing your little brother?
Ugo [173]
Patronizing a store means helping it buy going there often, and basically buying things often and consequently giving it money.. 

Patronizing a little brother means behaving condescendingly towards, a kind of master-slave relationship... One should never do that... 


3 0
3 years ago
Read 2 more answers
Using the vendor that all Camp Bow Wow franchises use, which gives a volume discount, purchase additional ramps, tunnels, and po
kari74 [83]

Answer:

c. High Performance

Explanation:

5 0
3 years ago
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money? A) Com
Allisa [31]
D) Compounding daily
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4 0
2 years ago
Adam Plastics, Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi
inysia [295]

Answer:

c. $385,958.90

Explanation:

<em>Step 1 Determine the Total Cost Incurred for Both materials and Conversion </em>

<em>Raw Materials</em>

Opening Work In Process                  $200,000

Add Cost Added during the year    $2,000,000

Total                                                   $2,200,000

<em>Conversion</em>

Opening Work In Process                  $200,000

Add Cost Added during the year    $2,500,000

Total                                                   $2,700,000

<em>Step 2 Determine the total equivalent units for materials and conversion</em>

<em>Materials </em>

Closing work in process 100 × 100%                         = 100

Completed and Transferred (600+200-100)×100% =700

Total                                                                            =800

<em>Conversion </em>

Closing work in process 100 × 30%                          =  30

Completed and Transferred (600+200-100)×100% =700

Total                                                                            =730

<em>Step 3 Determine equivalent cost per unit of materials and conversion costs</em>

Materials = $2,200,000/800 = $2,750

Conversion = $2,700,000/730 = $3,699

<em>Step 4 Determine the cost assigned to Ending WIP</em>

Materials  ($2,750×100)           = $275,000

Conversion Cost ($3,699×30) = $110,970

Total                                           =$385970

5 0
3 years ago
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