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]
4 years ago
6

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

Business
1 answer:
mezya [45]4 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
The Harris Company is decentralized, and divisions are considered investment centers. Harris has one division that manufactures
SVETLANKA909090 [29]

Answer:

Explanation:

Sales Revenue:

Proceeds from sales of Chair Division = 800*85=68000

Proceeds from sales of Cusion Division = 800*32=25600

Transfer to chair division from cusion division = 800*32 = 25600

Total Sales Revenue = 119200

Variable Cost - VC

VC Chair Division (800*42) = (33600)

VC Cusion Division (1600*13)=(20800)

Transfer cost = (800*13)=(10400)

Total Contribution = 119200-33600-20800-10400=54400

6 0
3 years ago
Money is always based on a precious metal like gold or silver. anything that is generally accepted in payment for goods and serv
Natali [406]

Answer: Option(B) is correct.

Explanation:

Money is a term or instrument that is generally used in making transaction of goods and services. Individuals use money as a medium of exchange, unit of value and for making standard deferred payments. It is easy to store money. We can easily measure the value of goods and services in terms of money. Now days, money is normally utilized as a medium of exchange.

5 0
3 years ago
Jackson Manufacturing Company had a beginning inventory of $23,000. During the year, the company recorded inventory purchases of
harina [27]

Answer:

$82,000

Explanation:

Jackson manufacturing company has a beginning inventory of $23,000

The recorded inventory purchases is $125,000

The cost of goods sold is $66,000

Therefore the ending inventory can be calculated as follows

= $23,000+$125,000-$66,000

= $148,000-$66,000

= $82,000

3 0
3 years ago
If Congress increased the tax rate on interest income, investment a. and saving would increase. b. would increase and saving wou
vagabundo [1.1K]

Answer:

The correct answer is letter "D": and saving would decrease.

Explanation:

Increases in interest rates are not beneficial for economic growth. <em>By paying more taxes companies' revenues are reduced discouraging entrepreneurs to go on new ventures</em>. Besides, entities would be pushed to take measures such as lay-offs to compensate part of the losses due to paying more taxes. <em>If unemployment increases the household savings tend to decrease.</em>

6 0
3 years ago
Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe
umka2103 [35]

Answer:

Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm

Explanation:

The answer is already stated within the question, but I'll provide  the explanation.

In order to reach a solution, Jenny would have to offer Abe an amount to get rid of the dog that is more than Abe's benefit of owning the dog, which is $200.

On the other hand, since Jenny bears a cost of $400 from the bark, she would only be willing to spend as much as $400 to resolve the situation. Therefore, the acceptable range for the amount of the agreement for both parts is:

$200 < X < $400.

Since $300 is within that range. Jenny paying Abe $300 to give the dog to his parents is a possible solution.

6 0
3 years ago
Read 2 more answers
Other questions:
  • A firm produces output using capital and labor. The​ firm's marginal product of labor ​(MP Subscript Upper L​) is 40 and its mar
    15·1 answer
  • Jody borrowed $25,000 from her controlled corporation for six months. She used the funds to pay her daughter's college tuition.
    6·1 answer
  • Uniform Supply accepted a $10,200, 90-day, 8% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on
    9·1 answer
  • Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $ 450.00 and
    10·1 answer
  • Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a
    13·1 answer
  • Betty (25 years old) studied music education in college and graduated a year ago. She currently works as a music teacher at a ye
    7·1 answer
  • You’ve borrowed $21,518 on margin to buy shares in Ixnay, which is now selling at $40.6 per share. You invest 1,060 shares. Your
    7·1 answer
  • The price elasticity of gasoline supply in the United States is 0.4. If the price of gasoline rises by​ 8%, what is the expected
    7·1 answer
  • Inez is compensated based on a plan that pays a base salary, with commission in addition. Inez receives $40,000/year salary (and
    10·1 answer
  • You obtain the following estimates for an AR(2) model of some returns data
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!