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Ad libitum [116K]
3 years ago
13

Major Co. reported 2016 income of $303,000 from continuing operations before income taxes and a before-tax loss on discontinued

operations of $75,000. All income is subject to a 36% tax rate. In the 2016 income statement, Major Co. would show the following line-item amounts for income tax expense and net income: Multiple Choice $109,080 and $228,000. $82,080 and $378,000. $109,080 and $145,920. $82,080 and $193,920.
Business
1 answer:
Mama L [17]3 years ago
3 0

Answer: $109,080; $145,920

Explanation:

Based on the information that have been provided in the question, the following can be gotten:

The amount for income tax expenses will be:

= 36% of $303,000

= 36/100 × $303,000

= 0.36 × $303,000

= $109,080

The net income will be:

Reported income = $303,000

Less income tax = $109,080

Less loss on discounted operation = $48,000

Net income = $145,920

Loss on discounted operation:

= $75,000 × (1 - 36%)

= $75,000 × (1 - 0.36)

= $75,000 × 0.64

= $48,000

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Answer:

the investment's coefficient of variation is 1.25.

Explanation:

The  coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :

<em>Coefficient of Variation = Standard Deviation ÷ Return</em>

Therefore,

Coefficient of Variation = 10 ÷ 8

                                       = 1.25

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3 years ago
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2 years ago
1. What is resistance?<br>utor effect of fricti​
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Answer:

The description of the given question is explained throughout the section below.

Explanation:

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5 0
3 years ago
A preferred share of Coquihalla Corporation will pay a dividend of $8 in the upcoming year and every year thereafter; that is, d
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Answer:

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Explanation:

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Calculate price of preferred share using DDM as shown below:

Price of preferred share = Dividend paid ÷ Required rate of return

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3 years ago
Everything else equal, if the United States runs a large foreign trade deficit, the financing of the deficit will: a. increase g
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2 years ago
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