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3 years ago

During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000

Business

1 answer:

mixer [17]3 years ago

6 0

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

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lora16 [44]

Invest into 3D printing organs you will become a million trust me

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2 years ago

Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made without recourse. The local

PIT_PIT [208]

Answer:

Correct one is Option D.

Explanation:

Fair value of its 20% interest in the receivables 8000

Less: Factoring fee=50000*3% =1500

Amount receivable from factor= 8000-1500=6500

7 0

3 years ago

. The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2010, they each buy 100 heads of

EastWind [94]

Answer:

a. For 2010 =$325 For 2011 = $445

b. 136.92%

c. 38.89%

Explanation:

a. The computation of the price of each vegetable is shown below:

For year 2010:

= Cauliflower price + broccoli price + carrots price

= $200 + $75 + $50

= $325

For year 2011:

= Cauliflower price + broccoli price + carrots price

= $225 + $120 + $100

= $445

b. The computation of CPI is shown below:

= (2011 Price ÷ 2010 Price) × 100

= ($445 ÷ $325) × 100

= 136.92%

c. The inflation rate is shown below:

= (2011 per total vegetables price - 2010 per total vegetables price) ÷ 2010 per total vegetables price

= ($5.00 - $3.60) ÷ $3.60

= 38.89%

Per vegetable price = (Price of each vegetable ÷ number of each vegetable)

For 2010:

Cauliflower = ($200 ÷ 100) = $2

Broccoli = ($75 ÷ 50) = $1.5

Carrots = ($50 ÷ 500) = $0.10

The total would be $3.60

For 2011:

Cauliflower = ($225 ÷ 75) = $3

Broccoli = ($120 ÷ 80) = $1.5

Carrots = ($100 ÷ 500) = $0.50

The total would be $5.00

7 0

3 years ago

Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning operating asse

STALIN [3.7K]

Answer: 0.22

Explanation: Return on total assets is calculated by dividing net income or operating income from average total assets. It is a profitability ratio which is used by analysts to evaluate the ability of the firm to generate revenue from the given level of assets it have.

$=\:\frac{operating\:income}{Average\:total\:assets}$

where,

$Average\:total\:assets=\frac{410,000+\:440,000}{2}$

= $425,000

Now,putting the values into equation :-

$=\:\frac{92,000}{425,000}$

= 0.22

8 0

3 years ago

Who receives the benefits and profits from a joint-stock company?

mojhsa [17]

The one who receives the benefits and profits from a joint-stock company are the shareholders, the board of directors, from the higher hierarchy to the lowest position in the company can have benefits and can profit but it only depends on where in the hierarchy they are in to identify how much will they have.

6 0

3 years ago