1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Feliz [49]
3 years ago
13

Information for Kent Corp. for the year 2016:

Business
1 answer:
Sliva [168]3 years ago
8 0

Answer:

$30,560

Explanation:

The computation of the income tax expense for the year 2016 is shown below:

= Taxable income  × enacted tax rate

= $152,800 × 20%

= $30,560

Simply we multiply the taxable income with the enacted tax rate so that the correct amount of income tax expense can come

All other information which is given is not relevant. Hence, ignored it

You might be interested in
A customs duty is best described as a ____________. a. tax paid on exported goods c. fee paid by countries that wish to implemen
Aneli [31]
A customs duty is best described as a B.) TAX PAID ON IMPORTED GOODS.

This tax is levied to increase the state revenue as well as protect domestic businesses that are of the same industry as those imported goods.

5 0
3 years ago
EB3.
Natalija [7]

Answer:

Please see the explanation

Explanation:

Sales budget for the 4 quarters of the first year is given as follows:

Quarter 1 sales=120,000*$20=$2,400,000

Since there is 7% increase in each subsequent quarter, therefore the sales for  the subsequent quarters of year 1 shall be calculated as follows:

Quarter 2 sales=$2,400,000*1.07=$2,568,000

Quarter 3 sales=$2,568,000*1.07=$2,747,760

Quarter 4 sales=$2,747,760*1.07=$2,940,103.2

5 0
4 years ago
Discount Mart Corporation contracts with companies in developing nations to produce goods, because the wage rates in those natio
Mariulka [41]

Answer:

not acting unethically

Explanation:

Ethical conduct appears to have been good for the company and includes showing some respect for key moral values including sincerity, impartiality, equal rights, integrity, uniqueness and personal rights.      

Both in personal relationships or professional relationships ethical practices can be established. The definition can be extended as entities also to corporations. This assesses the moral consequences of measures taken for each of the above listed circumstances.      

4 0
4 years ago
Classify the following topics as relating to microeconomics or macroeconomics.
GalinKa [24]
A. Micro
B. Macro
C. Micro
D. Macro
E. Micro
7 0
3 years ago
What is productivity? What is the effect of an increase in productivity on the supply of a good?
Dimas [21]

6 0
3 years ago
Other questions:
  • Dallas Company uses a job-order costing system. The company's executives estimated that direct labor would be $4,800,000 (160,00
    9·1 answer
  • 1. What is the total property tax bill for your house in Ohio with a market value of $200,000? Note the following and show your
    6·2 answers
  • The Federal Reserve Act Multiple Choice helped to reduce loans to private banks. was regulated by a board whose members were ele
    7·1 answer
  • The space race was a competition between the united states and the soviet union to develop technology to _____.
    6·2 answers
  • "Smythe Co. invested $200 in a call option for 100 shares of Gin Co. $.50 par common stock, when the market price was $10 per sh
    14·1 answer
  • In each case, choose the firm that you expect to have the higher asset turnover ratio. (Hint: think about the likely nature of e
    5·1 answer
  • Prime Electronic Sales has sales of $723,450, total equity of $490,000, a profit margin of 9.3 percent, and a debt-equity ratio
    13·1 answer
  • One of the best sources of precall information is a prospect's own salespeople because they empathize with the salesperson's sit
    14·1 answer
  • You work in the finance division of a company listed in the Stock Exchange. You have just learned that your supervisor has been
    5·1 answer
  • A potentially huge hurricane is forming in the Caribbean, and there is some chance that it might make a direct hit on Hilton Hea
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!