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RideAnS [48]
3 years ago
11

Cullumber Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported

on the face of the income statement? Sales revenue $ 1100000 Cost of goods sold 617000 Salaries and wages expense 80400 Depreciation expense 119000 Dividend revenue 89500 Utilities expense 10600 Discontinued operations loss 99100 Interest expense 19200
Business
1 answer:
Nataliya [291]3 years ago
3 0

Answer:

$101,520

Explanation:

Income statement will be made as follows:

                                                   $

Sales Revenue                     1100000

Less: COGS                          (617000)

Gross Profit                            483000

Less: Salaries & Wages         (80400)

Less: Depreciation exp.         (119000)

Less: Utilities exp.                   (10600)

Less: Interest expense            (19200)

Earning before tax                  253800

<u><em>Less:</em></u><u><em> </em></u><u><em>Tax(40%)</em></u><u><em>                          </em></u><u><em>(101520)</em></u>

<u><em></em></u>

Hope this helps.

Good luck buddy.

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Answer:

When working on a group project, studying and working within a group will be a necessity, so you need to make it work for you! Studying in groups has its advantages and disadvantages, but the trick is to know when to resort to solo studying and when to go for group studying. Studying with a partner is a valuable way to learn as students help one another at overcoming weak points.

Advantages of Studying in Groups

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Studying in groups allows students to share their different thoughts with one another. This notion usually leads to a better learning process, since brainstorming generates new ideas and thus, students learn the same thing but with different perspectives. Open discussion enhances thinking skills and will give you access to others information and as a result, broadens your mind.

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Students are different and they perceive the same information differently. You can always ask your study mate to clarify a vague point for you and vice versa. Also, this action increases retention and reinforces the ideas, because the more the information is repeated the stronger the memory will be.

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Group studying is the best procrastination solution as it breaks the monotonous learning process and it makes you attentive to what the others are saying. Mock tests and trial quizzes assist those struggling with course materials and those extracting tests and quizzes from them as well.

Disadvantages of Studying in Groups

1. Distraction

The benefits of group studies are a lot but there are also some cons to group studying. You may find it tiresome to stay focused when studying in a group. Sometimes the conversation shifts from studying to trendy events maximizing distraction. Studying alone might be helpful if you need undivided attention to the materials at hand.

2. Lack of Efficiency

Group studying hampers creativity and efficiency and when there are exams on the horizon, efficiency should be the priority. Studying alone will give you time and space to do your personalized studying. Also, when alone, you can focus freely on a certain part because you know you need to and skip other parts that you have already mastered. This allows you to manage your time wisely and prioritise your tasks.

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6 0
2 years ago
Which of the following statements is right about facility location analysis?
RideAnS [48]

Answer:

The correct answer is letter "A": Facility location analysis considers the competitive imperative to be close to customers as to timeliness of deliveries.

Explanation:

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3 years ago
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andrew11 [14]

Answer:

b) 5

Explanation:

W TP MP MRP

1 100  

2 190 90 900

3 270 80 800

4 340 70 700

5 400 60 600

6 450 50 500

7 490 40 400

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the marginal product of n labor = (total product of n labor - the total product of p labor)/(n-p)............(n>p)

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the firm employ input up to marginal revenue product equal to the wage

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where W = 5

the firm will higher 5 workers.

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