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dimulka [17.4K]
3 years ago
5

Marlin Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased

by $25,000. In addition, book depreciation exceeded tax depreciation by $100,000. Finally, Marlin subtracted a dividends received deduction of $15,000 in computing its current-year taxable income. Marlin's current income tax expense or benefit would be:a. $236,250 tack expense
b. $233,100 tax expense
c. $210,000 tax expense
d. $205,800 tax wxpense
Business
1 answer:
jeyben [28]3 years ago
7 0

Answer:

b. $233,100 tax expense

Explanation:

The computation of the current income tax expense or benefit is shown below:

But before that first we have to need to find out the taxable income i.e

= Pretak book income  + increase in net reserve warranties + exceeded amount - dividend deduction

= $1,000,000 + $25,000 + $100,000 - $15,000

= $1,110,000

Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%

So,

= $1,110,000 ×21%

= $233,100

By multiplying the taxable income with the tax rate we can get the income tax expense

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harkovskaia [24]

Answer:

1. None of the above

2. All of the above

Explanation:

According to the path-goal theory of leadership, the level of involvement a manager utilizes should (1) be the same for all employees in the department, (2) be either low or high management involvement regardless of the circumstances, and (3) not be influenced by subordinates' expectations. Which statements are correct?

<u>NONE OF THE ABOVE</u>

<u>The Path-Goal theory of leadership stipulates that managers should adapt a leadership style that is employee oriented for the purpose of organizational goal achievement. </u>

<u />

This is an ability issue. When a manager's performance deteriorates because manager's ability has deteriorated. The steps to be taken will be in the order below:

(1) Determine if the resources are adequate,

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<u>All of the above steps are correct in that order</u>

3 0
3 years ago
Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to s
UNO [17]

Answer:

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six  fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

4 0
3 years ago
Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of . The company u
Papessa [141]

Answer:

4.2 years

Explanation:

Here is the complete question

Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of $44,000. The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.

Required:

Compute Project A's payback period.

Payback = amount invested / cash flow

cash flow = net income + depreciation

depreciation = (cost of asset - salvage value) / useful life

(385,000 - 44,000) / 5 = 68,200

Cash flow = 68,200 + $ 23,100 = 91300

$ 385,000 / 91300 =4.2

6 0
3 years ago
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jekas [21]

Answer:

New-Task.

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New-task purchase is that purchase made by a business of which need has not arisen before. The business didn't made decision to make purchase for this new product or purchase before. The new-task purchase decision is made by the business when a need to purchase is perceived internally or by the clients.

In the given scenario, the need to purchase 'cars as part of its sales compensation' defines the criteria of new-task purchase. In this case, Capitol's need to buy or add 'cars' into its sales compensation represents need to make 'New-task purchase.'

Therefore, the correct answer is new-task purchase.

6 0
3 years ago
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coldgirl [10]

answer:

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1. identity document

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5 0
3 years ago
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