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Sav [38]
4 years ago
6

Thornton, Inc., had taxable income of $128,267 for the year. The company's marginal tax rate was 35 percent and its average tax

rate was 24 percent. How much did the company have to pay in taxes for the year?
Business
1 answer:
valentinak56 [21]4 years ago
8 0

Answer:

$30784.08

Explanation:

Taxable income can be refer to as the amount of income used to calculate how much tax an  organisation owes to the government in a particular tax year.

Thornton Inc. had taxable income of $128,267 for the year

The company's marginal tax rate is 35 percent

The company's average tax rate is 24 percent

To know how much did the company have to pay in taxes for the year, we multiply the Taxable income by the Company Average tax rate for the year.

=$128,267 * 24%

=$128,267 * 0.24

=$30784.08

Thornton Inc will pay $30784.08 for the year.

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The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men
dusya [7]

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.  

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

6 0
4 years ago
_______ These arrays inherently divide and replicate data among multiple physical drives, and increase performance and redundanc
denis23 [38]

Answer: The correct answer is "Hard Disk Arrays".

Explanation: Hard disk arrays are arrays capable of dividing and replicating data between multiple physical (tangible) drives and include spare disks which enable increased performance and redundancy.

This type of technology is generally implemented with the use of redundant arrays of independent disk schemes that are almost always done through hardware disk array controllers.

5 0
3 years ago
A T-bill with face value $10,000 and 97 days to maturity is selling at a bank discount ask yield of 4.4%. a. What is the price o
Alex73 [517]

Answer: $9,881.44

Explanation:

Price of bill can be calculated with formula:

= Face value * ( 1 - (yield * days to maturity/days in year))

This are usually done using 360 days in a year not 365:

= 10,000 * ( 1 - (4.4% * 97/360))

= 10,000 * 0.9881444444

= $9,881.44

7 0
3 years ago
Several controls are used to safeguard inventory except a.keeping high-priced inventory behind lock and key. b.hiring security g
GalinKa [24]

Answer:

Option C, allowing all employees access to the materials warehouse, is the right answer.

Explanation:

Option C is the correct answer because option C recommends allowing access to all the employees. However, allowing access to all employees will reduce security and increase the risk level. While all given options are helpful in safeguarding the inventory except option C. Thus, in this case, it would be difficult to monitor every employee. So Option C is the right answer.

5 0
4 years ago
Dockside Enterprises Incorporated operates two divisions: (1) a management division that owns and manages bulk carriers on the G
elixir [45]

Answer:

Dockside Enterprises

The minimum transfer price per hour that the repair division should obtain for its services, assuming it is operating at capacity is:

= $47.

Explanation:

Repair division's estimated variable cost per labor-hour = $37

Standard selling price per labor-hour = $77

Labor cost of the hire of outside repair workers per hour = $47

Minimum transfer price = the variable costs plus a calculated opportunity cost

Minimum transfer price = $47 ($37 + $10)

Calculated opportunity cost = $10 ($47 - $37)

4 0
3 years ago
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