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inysia [295]
3 years ago
5

The Ziltech Consulting Group reported net income of $1,000,000 for its fiscal year ended December 31, 2021. In addition, during

the year the company experienced a positive pretax foreign currency translation adjustment of $400,000 and an unrealized pretax loss on debt securities of $80,000. The company’s effective tax rate on all items affecting comprehensive income is 25%. The amount of comprehensive income reported on statement of comprehensive income for 2021 would be:
Business
1 answer:
grigory [225]3 years ago
7 0

Answer:

$1,240,000

Explanation:

Given that,

Net income = $1,000,000

Pretax foreign currency translation adjustment = $400,000

Unrealized pretax loss on debt securities = $80,000

Effective tax rate = 25%

Total other comprehensive income:

= Foreign currency translation adjustment - Loss on debt securities

= [$400,000 × (1 - 25%)] - [$80,000 × (1 - 25%)]

= ($400,000 × 0.75) - ($80,000 × 0.75)

= $300,000 - $60,000

= $240,000

Comprehensive income:

= Net income + Total other comprehensive income

= $1,000,000 + $240,000

= $1,240,000

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Jill Gracie's current checkbook balance is $8,900.15. She opened up the bank statement and saw the bank's balance at $7,000.10.
Mrrafil [7]

Answer:

The reconciled balance is:

Explanation:

Cash  8900,15

 

Books  

Cash receipts pending on bank  -9821,55

Checks written                           7986,05

Checks written not recorded       -49,55

 

Banks  

Bank service fee                                   -48,1

Interest earned                                    33,1

 

Bank conciliation                               7000,1

Bank account                                      7000,1

7 0
2 years ago
Adamson, Inc. has the following cost data for Product X: Direct materials Direct labor Variable manufacturing overhead Fixed man
stepan [7]

Answer and Explanation:

The computation of the unit product cost using absorption costing and variable costing is shown below

Under absorption costing

Particulars                   2,000 units             2,500 units               5,000 units

Direct materials per unit     $41                      $41                        $41

Direct labor per unit            $57                     $57                        $57

Variable manufacturing                

overhead per unit                $7                        $7                         $7

Fixed manufacturing

overhead per unit                $10                      $8                         $4

 ($20,000 ÷ 2,000 units)   ($20,000 ÷ 2,500 units)      ($20,000 ÷ 5,000 units)

Unit product cost                 $115                     $113                      $109

Under variable costing

Particulars                   2,000 units             2,500 units               5,000 units

Direct materials per unit     $41                      $41                        $41

Direct labor per unit            $57                     $57                        $57

Variable manufacturing                

overhead per unit                $7                        $7                         $7

Unit product cost                 $105                     $105                    $105

8 0
3 years ago
The name for minimum energy expended to keep a resting, awake body alive is _______________. This represents about 60% to 70% of
Solnce55 [7]

The name for minimum energy expended to keep a resting, awake body alive is basal metabolic rate. This represents about 60% to 70% of total energy expenditure.

What is basal metabolic rate?

As we know that to keep our most life-sustaining activities at a position of rest, our body needs a lot of calories, so basal metabolic rate (BMR) simply helps in determining how much calories are actually needed to perform such activities such as energy needed at the time when our body is resting or we are sleeping. The best basal metabolic rate (BMR) is between 1000-2000, means there should be an intake of around 1000-2000 of calories each day so that these activities should be carried out.

Learn more about basal metabolic rate (BMR) here: brainly.com/question/27976523

#SPJ4

4 0
11 months ago
Watson Foods, Inc. reported the following transactions for September 2019.
natulia [17]

Answer:

(d) $6,000

Explanation:

The computation of the total liabilities is shown below:

Total liabilities = Office equipment purchased - cash paid

                       = $10,000 - $4,000

                       = $6,000

The remaining amount would reflect the note payable which is come under the liabilities accounts which is shown in the balance sheet.

The other information which is given in the question is not related to the liabilities account. Hence, we ignored it.

4 0
3 years ago
Elle wants to understand how much, on average, her ads cost her per click. Which metric would best help her understand this
liq [111]

To find out how much, on average, her ads cost her per click, Elle could use the cost-per-click (CPC) metric.

<h3 /><h3>How to calculate the CPC of an ad?</h3>

You must divide the total spent for an ad by the total number of clicks received. The CPC will be effective if it is aligned with the goals determined by the Return on Investment (ROI) forecast by the company.

Therefore, metrics in digital marketing ads help companies analyze the reach and effectiveness of their ads, increasing control and management.

Find out more about digital marketing here:

brainly.com/question/8367090

7 0
2 years ago
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