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Kitty [74]
3 years ago
11

The payment represents rent for the years 2022 and 2023, the period covered by the lease. Kraft Company is a cash basis taxpayer

. Kraft has income tax payable of $230,000 at the end of 2021, and its tax rate is 25%. What amount of income tax expense should Kraft Company report at the end of 2021?
Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

Don't know the answer but gl

Explanation:

just neeed to use the app for answer hope you have a good day ;]

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The following monthly data are available for Coronado Industries. which produces only one product: Selling price per unit, $38;
In-s [12.5K]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit= $38

Unit variable expenses= $14

Total fixed expenses= $42,000

Actual sales for June= 3000 units.

First, we need to calculate the break-even point in dollar using the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 42,000/ [(38 - 14)/38]

Break-even point (dollars)= $66,500

Now, we can calculate the margin of safety in dollars:

Margin of safety= (current sales level - break-even point)

Margin of safety= (3,000*38 - 66,500)

Margin of safety= (114,000 - 66,500)

Margin of safety= $47,500

5 0
3 years ago
Consumer surplus Select one: a. is the amount of a good that a consumer can buy at a price below equilibrium price. b. is the am
Burka [1]

Answer:

b. is the amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus = willingness to pay less price of the good.

Let assume a student is willing to pay $30 for a book and the price of the book is $15. The student's consumer surplus is $30 - $15 = $15

I hope my answer helps you

8 0
3 years ago
Why did Starbucks create the ‘Starbucks College Achievement Plan?’ How does it help the company make money and remain competitiv
Bumek [7]

Explanation:

I mean, everybody deserves to have an achievement plan. So why not make one from it?

7 0
3 years ago
A firm can effectively use its operations function to yield competitive advantage through all of the following except
ira [324]

Answer:

The correct answer is b.setting equipment utilization goals below industry average.

Explanation:

A firm cannot achieve competitive advantage by setting its equipment utilization goals as this will not retain its customers.

If a firm wants to achieve competitive advantage it can achieve it by;

Addressing its customers concerns and customizes the products according to their needs.  

Providing customers their ordered products earlier than other companies lead time, which means increase in speed of delivery and shortens the delivery time.

Bring improvement and advancements in its products by using new technology.

Maintain a variety of different product options to cater the needs of its various customers. Offering them a wide range of products will probably reduce chances of customer switch.

4 0
3 years ago
Which of the following best defines an in-text citation?
Thepotemich [5.8K]

<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>

Explanation:

An in-text citation is a reference which is made within the body of text of an academic writing .

It is the  in-text citation that  alerts the reader about a source that has informed your own writing. The exact format of an in-text citation will depend on the style you need to use, for example, APA,MPA style

An in-text citation is used  to, summarize, paraphrase, or quote from another reference source.

For Example :-In APA style in-text citation  uses the author's last name and the year of publication, like (tsield, 2008). For direct quotations, include the page number as well  (tsield, 2008, p. 18).

<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>

6 0
3 years ago
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