So we have to reverse engineer into this answer.
we know that 30% of some number equals 27.75
so .3x=27.75
Divide both sides by .3
x= 92.50
Answer:
The correct answer is $23,600.
Explanation:
According to the scenario, computation of the given data are as follows:
Pretax financial income = $173,000
Taxable income =$118,000
Tax rate = 20%
So, we can calculate the income taxes payable by using following formula:
Income taxes payable = Taxable income × Tax rate
= $118,000 × 20%
= $23,600
Hence, the amount to be reported as income taxes payable at December 31, 2020 is $23,600.
The free enterprise system can produce unfavorable effects when they reduce competition and protect inefficient competitors.Also,results are annoying when costs of legal intervention are greater than benefits for the consumers.
I hope it helps.
Thank you
Answer:
The factories will increase economic growth because more jobs will be provided.
Explanation:
Given:
The board of directors at Millco announces plans to build six new regional factories in the United States that will produce capital and consumer goods for the entire western hemisphere.
To find: If economic growth increases or decrease.
Solution:
Economic growth will increase as more jobs will be provided which increases employment.
Answer:
amortization amount per month: $ 1,400
Explanation:
the discount will be the difference between the face value and the value at which the bonds were actually issued:
3,000,000 - 2,916,000 = 84,000
Now to calculate the straight-line amoritzation we divide by the total number of payment:
5 years x 2 payment per year = 10 payment
$84,000 discount / 10 payment = 8,400 amotization per payment
payment are made between 6 month thus, monthly amortization: 8,400 / 6 = 1,400