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
Nikolay [14]
3 years ago
6

Provincial Inc. reported the following before-tax income statement items:

Business
1 answer:
mezya [45]3 years ago
4 0

Answer:

The income tax expense is $122,750

Explanation:

The computation of the amount of income tax expense is shown below:

As we know that

Income before tax = Operating income - non operating losses

= $580,000 - $89,000

= $491,000

Now the income tax expense is

= Income before tax × income tax rate

= $491,000 × 25%

= $122,750

Hence, the income tax expense is $122,750

This is the answer but the same is not provided in the given options

You might be interested in
Which sentence identifies the concept of perishability? Tourism is a service-oriented field in the goods-service continuum. Four
allochka39001 [22]

Thirdly, storage of services is not possible, as services are consumed when offered to a customer.

Answer: Option 3.

<u>Explanation:</u>

Perishable is a feature where a good or service can not be stored for long. They might get hampered and do not remain like their original self if they are stored.

Services have a perishable nature in the sense that they can not be stored like some of the goods which can be stored. The services are to be consumed then and there at the moment when they are offered to the customers. They can not be kept reserved.

3 0
3 years ago
What happens to each company's net income if sales increase by 20%?
Tju [1.3M]
The company's net income will grow higher if it increases by 20% and then it will just keep getting higher and higher. Hope this helped, have a great day! :D
8 0
3 years ago
Omkara, a furniture manufacturer, contracts with foam gnome for $50,000 worth of foam, which omkara will use for making ten sofa
snow_tiger [21]
In this situation, it would be a breach of contract if G<span>nome would require </span>Omkara<span> to pay a higher price than the agreed price. They have already contracted the price and they both agreed to it. </span>Omkara<span> can enforce her right to the contract claiming that she will only pay the $50000 because it is what they have agreed upon.</span>
8 0
3 years ago
The next dividend payment by Savitz, Inc., will be $1.44 per share. The dividends are anticipated to maintain a growth rate of 6
defon

Answer:

Dividend yield = 5.54%

The expected capital gains yield = 6%

Explanation:

Next Dividend (D1) = $1.44

Growth rate (g) = 6%

Required return (Ke) = 6% + 5.54% = 11.54%

Ke-g = 11.54% - 6% = 5.54%

Price = D1 / (ke / g) = 1.44 /  5.54% = $25.9927 = $26

a. Dividend yield = D1 / Price = $1.44 / $26

Dividend yield = 0.05538

Dividend yield = 0.0554

Dividend yield = 5.54%

b.  The expected capital gains yield = Required return (Ke) - Dividend yield

The expected capital gains yield = 11.54% - 5.54%

The expected capital gains yield = 6%

4 0
3 years ago
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and co
larisa86 [58]

Answer:13.39%

Explanation:

5 0
3 years ago
Other questions:
  • Larry Mitchell invested part of his $ 35 comma 000$35,000 advance at 4 %4% annual simple interest and the rest at 9 %9% annual s
    13·1 answer
  • According to the textbook, globalization involves international exchange. included in this exchange is trade in goods and servic
    8·1 answer
  • Good Motors pays a lot of attention to improving employee skills on the job. Its training centers and mentors are open to one-on
    10·1 answer
  • If a store adds 50 chairs to its current inventory, the total number of chairs will be the same as three-halves the current inve
    6·1 answer
  • A broker's records must be available for inspection during business hours. who inspects the records?
    12·1 answer
  • Over one-third of female offenders are serving time for ________ offenses
    6·1 answer
  • When a company like Gawker Media finds a potential pool of employees, like the individuals they find posting great comments onli
    9·1 answer
  • Suppose that Burger King wanted to evaluate social media content to find out how well its most recent advertising campaign was b
    13·1 answer
  • Should all managers must always aim for the top position?why or why not
    14·2 answers
  • What other cost categories are not reflected in the budget above? And how much do you estimate they will cost
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!