1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zepelin [54]
3 years ago
11

LO 3.2A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the company’s pre-tax

income in order to have $60,000 after-taxes?
$88,235
$19,200
$79,200
$143,000
Business
1 answer:
Keith_Richards [23]3 years ago
4 0

Answer:

$88,235

Explanation:

The computation of the pre tax income is shown below:

We know that

Income after tax = Income before tax (1 - tax rate)

$60,000 = Income before tax × (1 - 0.32)

$60,000 =  Income before tax × 0.68

So, the income before tax would be

= $60,000 ÷ 0.68

= $88,235

If we consider the tax rate than we can easily compute the income after tax

You might be interested in
Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require high
drek231 [11]

Answer:

A. The company paid a higher cost for the direct materials than allowed by the standards.

Explanation:

The following is a logical explanation for this variance:

Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.

7 0
3 years ago
Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to co
Illusion [34]
I’m so sorry i really need points hahhaha hi
6 0
3 years ago
Suppose one rental car company raises its prices and the rival car companies leave their prices unchanged. But when another rent
Karo-lina-s [1.5K]

Answer:

This situation is an example of cross Price elasticity of Demand

Explanation:

If change in Price in Rental Company A doesn't necessitate change in prices in Rental companies B.C.D.E & F

Then the products A has on offer are not close substitutes to the rival companies

However where Rental company G lowers his price and it immediately triggers a Price reduction in Companies B to F, then obviously they offer similar products that are close substitutes and serve similar segment or channel of the Market Size. Thus failure to lower their Price will automatically see Customers rent cars more from Company G.

This situation is an example of cross Price elasticity of Demand

7 0
3 years ago
Since 1960, when the central american beef market began booming, over 25% of the rainforests have been cleared for cattle grazin
faust18 [17]
Since 1960, when the Central American beef market began booming, over 25% of the rainforests have been cleared for cattle grazing is a TRUE statement.
4 0
3 years ago
What is the rate of return when 20 shares of Stock A purchased for \$30/share , are sold for $710? The commission on the sale is
nikklg [1K]

Answer:

ROI=17.33%

Explanation:

the rate of return = Net gain/ initial investments x 100 %

Net gains = (selling price  - commissions) -  purchase price

Purchase price = 20 x $30 = $600

Selling price = 710

Commission = $6

ROI ={( 710 - 6) - 600}/ 600 x 100

ROI = 104/600 x 100

ROI= 0.173333 x 100

ROI=17.33%

7 0
3 years ago
Other questions:
  • S&P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. The firm just paid a dividend of
    6·1 answer
  • Blumen Textiles Corporation began January with a budget for 90,000 hours of production in the Weaving Department. The department
    12·1 answer
  • Assessment
    11·1 answer
  • Write a brief story about a young person shopping at a local mall that incorporates all benefits of marketing ?
    7·1 answer
  • Medical Equipment Supply Company and Natural Rehabilitation Center enter into a contract for a lease of a certain number of whee
    5·1 answer
  • 17) A price tag of $4 for a portable power bank is an example of money as A) a medium of exchange. B) a unit of accounting. C) a
    15·1 answer
  • The last dividend paid by Wilden Corporation was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years,
    12·1 answer
  • Business Rental Corporation (BRC) and Cartage Trucking Companyenter into a contract for a lease of ten hydraulic lifts. Under th
    7·1 answer
  • Which of the following statements regarding culture and government is true? Multiple Choice In the United States, there is a clo
    14·1 answer
  • Retailers handle the financial exchange when a customer pays for a product. This is an example of the ________ function of chann
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!