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Katarina [22]
3 years ago
5

AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30.

Business
1 answer:
puteri [66]3 years ago
4 0

Answer:

(C) $10,000

Explanation:

Debit Accounts Receivable for $10,000

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Pretax accounting income for the year ended December 31, 2021, was $53 million for Truffles Company. Truffles' taxable income wa
Anuta_ua [19.1K]

Answer:

$17,820,000

Explanation:

The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period

Taxable income for 2021 = $66million

Enacted or current tax rate for 2021 = 27%

Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million

Hence Current portion of income tax expense = $18 million

4 0
3 years ago
Consider two countries Daria and Atlantis. Daria is a major producer of wheat and rice while Atlantis specializes in the product
Sati [7]
C






I think it would be
8 0
3 years ago
Read 2 more answers
Today, you sold 540 shares of stock and realized a total return of 6.3 percent. You purchased the shares one year ago at a price
GuDViN [60]

Answer:

B. 5.40 percent

Explanation:

Let today's price per share be $X

Total return = [ (New value + Dividend - Old value) / Old price ] *100

Old value = $24 *540 = $12,960

Next, plug in the numbers to the formula;

0.063 = [ (540X + 117  - 12,960)/ 12,960 ]

0.063 = [\frac{540X-12,843}{12,960} ]

multiply both sides by 12,960;

0.063 *12,960 = 540X - 12,843

816.48 = 540X - 12,843

Add 12,843 from both sides and solve for X;

816.48 + 12,843 = 540X

13,659.48 = 540X

Divide both sides by 540;

13,659.48/ 540 = X

X = 25.295

Therefore, today's price per share = $25.30

Capital gains yield= (Today's price - Original price) /Original price

Capital gains yield = (25.295 -24) / 24

=0.05396 or 5.40%

Therefore, Capital gains yield is 5.40%

3 0
3 years ago
A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. if the variable co
aksik [14]

A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. If variable costs are $8 per unit, total fixed costs must be $143,500.

Fixed costs are costs that stay constant no matter changes in production volume, implying that irrespective of whether output rises or decreases, total fixed costs remain constant within the relevant range.

Rent, labor, depreciation, insurance, and other fixed costs per unit fluctuate over the relevant range, on the contrary.

Given,

Selling price = $16

Variable cost per unit = $8

Units sold = 25,500

Pretax income = $60,500

Contribution Margin = (Selling Price Per Unit - Variable Cost Per Unit) * Units Sold

Substituting the provided information into the above calculation yields,

Contribution margin = ($16 - $8) * 25,500 units                                

= $204,000

Formula:

Pretax Income = Contribution Margin - Fixed Costs

This symbolizes,

Fixed Costs = Contribution Margin - Pretax Income

Substituting the provided information into the above calculation yields,

Fixed Costs = $204,000 - $60,500                

= $143,500

Hence, the answer is $143,500.

Learn more about fixed cost:

brainly.com/question/14366141

#SPJ4

6 0
2 years ago
The following statement was made by the vice president of finance of The Electric Company: "The managers of a company should use
RideAnS [48]

Answer:

Check the following explanation.

Explanation:

The goals of managers and shareholders are not always aligned. Agency theory suggests  this misalignment creates the need for costly monitoring through compensation contracts.

To align the goals of the two parties,compensation contracts should be designed to motivate the executive to make decisions that will not only increase his or her wealth, but will also increase shareholder wealth. Steps taken to increase shareholder wealth should be reflected in improved firm performance.Including both components in the contracts helps ensure the decisions of the executive are linked to various time horizons.

Shortterm components motivate the executive to make decisions that have an immediate affect on the firm. Long-term components are necessary to lengthen the decision horizon of the executive and enhance the likelihood of continued improvement in firm value. The long-term incentives in these  contracts can be based on improved shareholder wealth as well as improved firm performance.

8 0
3 years ago
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