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Akimi4 [234]
3 years ago
9

Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, IN

C. Consolidated Statements of Income Fiscal Year Ended ($ thousands) January 29, 2011 Net sales $21,942,193 Cost of sales, including buying and occupancy costs 16,040,461 Selling, general and administrative expenses 3,710,053 Provision (credit) for computer intrusion related costs (11,550) Interest expense (revenue), net 39,137 Income from continuing operations before provision for income taxes 2,164,092 Provision for income taxes 824,562 Income from continuing operations 1,339,530 Gain from discontinued operations, net of income taxes 3,611 Net income $ 1,343,141 U.S. federal statutory income tax rate 35.0% Effective state income tax rate 4.1% Impact of foreign operation -0.5% All other -0.5% Worldwide effective income tax rate 38.1%

Business
1 answer:
vazorg [7]3 years ago
8 0

Answer:

Explanation:

1)Use spreadsheet for the required computations. Enter values and formulas in the spreadsheet as shown in the image below.

2)The obtained result is provided below.

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Which statement best describes the difference between an epidemic and a pandemic?
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Answer:

An epidemic is contained to a region, and a pandemic is global.

Thank you.

BY GERALD GREAT.

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2 years ago
Why are marketers interested in consumers' levels of disposable income?
julsineya [31]
<span>Disposable income describes the amount of a family's money that is still available after all other necessities are handled. Advertisers are interested in this because they want to know what consumers that have large amounts of disposable income are interested in and are less concerned about the interests of those with very little disposable income.</span>
5 0
3 years ago
All of the following are correct about what managers should know about firms based in a country with a national competitive adva
elena-s [515]

Answer: c. Success is guaranteed as the firm implements its chosen international business-level strategy.

Explanation:

Firms that have a hold on national competitive advantage have to consider that which favours the market they operate in within where they are based in carrying out their decision or policies considering their business. It would be unprofitable when the firm chooses it's policies for success based an international business level strategy as this may seems to fail. Strategies that should be considered are those that focuses on what impact it would play in the market of the nation.

6 0
3 years ago
Read 2 more answers
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No journal entry
Karolina [17]

Answer:

The journal entries are as follows:

(i) (a) Under allowance for doubtful account method:

Allowance for doubtful accounts A/c Dr. $13,300

              To accounts receivable                           $13,300

(To record the bad debts written off)

(b) Under direct write off method:

Bad debt expenses A/c Dr. $13,300

          To accounts receivable         $13,300

(To record the Bad debts written off)

(ii) Bad debts expenses A/c Dr. $15,300

               To Allowance for doubtful accounts $15,300

(To record the bad debt expense)

6 0
3 years ago
Newton Corporation entered into the following transactions during its first year of operations. (Assume all transactions involve
makkiz [27]

Answer:

Newton Corporation

Net income for the year = $120

Explanation:

a) Data and Calculations:

Direct materials cost =   $400

Direct labor cost =            800

Manufacturing overhead 400

Total manufacturing cost $1,600

Cost per unit = $8

Ending Inventory of finished goods = 150 units * $8 = $1,200

Cost of goods sold = 50 * $8 = $400

Sales revenue = 50 * $12 = $600

Newton Corporation

Income Statement

For the year ended December 31:

Sales Revenue     $600

Cost of goods sold 400

Gross income       $200

Selling & Admin.

 expense                 80

Net Income          $120

b) Newton Corporation's net income is the difference between the Sales Revenue, cost of goods sold and selling and administrative expenses.

8 0
2 years ago
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