1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svp [43]
3 years ago
15

A company has the following budget information: Sales: $118,800; COGS: $48,500; Depreciation expense: $1,500; Interest expense:

$250; Other expenses: $41,880. If the company budgets 40% for income tax expense, the budgeted net income will be _______$ .
Business
1 answer:
ycow [4]3 years ago
4 0

Answer:

If the company budgets 40% for income tax expense, the budgeted net income will be $16,002

Explanation:

Total expense of the company = COGS + Depreciation expense + Interest expense + Other expenses = $48,500 + $1,500 + $250 + $41,880 = $92,130

Pretax income = Sales - Total expense = $118,800 - $92,130 = $26,670

Income tax expense = $26,670 x 40% = $10,668

The budgeted net income = Pretax income - Income tax expense = $26,670 - $10,668 = $16,002

You might be interested in
The tax rates are as shown. taxable income tax rate $0 – 50,000 15% 50,001 – 75,000 25% 75,001 – 100,000 34% 100,001 – 335,000 3
Goshia [24]
To get the answer, first you have to identify at which rate is your taxable income falls. From the rage of <span>100,001 – 335,000, it have 39%. Then you will just simple multiply it.
Income x 0.39 = tax rate
the answer is </span><span>$</span>50,510.07.
3 0
3 years ago
Before Pepsi-Cola stamped freshness dates on its cans, few consumers considered cola freshness an issue. After Pepsi spent about
Vilka [71]

Below are the complete options:

changing beliefs about the extent to which a brand has certain attributes

encouraging the consumer to use stimulus generalization

adding new attributes to the product

encouraging the consumer to use stimulus discrimination

changing the importance of attributes

Answer:

changing the importance of attributes

Explanation:

Freshness dates shows for how long a drink can be considered to not have expired. For example Pepsi can be considered to give freshness from 6-9 months after the date printed on the bottle.

Pepsi spent about $25 million on advertising and promotion related to freshness dates. Initially freshness dates were only seen as important by a few people.

This resulted in 61 percent of cola drinkers now thinking it is important.

This exemplifies how importance of a product's attribute can be changed

6 0
3 years ago
An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve dow
ZanzabumX [31]

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

7 0
3 years ago
Pls choose A,B,C, or D!!
Artemon [7]

Answer:

a

Explanation:

6 0
3 years ago
Read 2 more answers
Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable c
ozzi
<span> $300,000 / 30% = 1,000,000 - 300,000 = $700,000 </span>
5 0
3 years ago
Other questions:
  • 1. Identify various governmental policies and actions that a company takes advantage of when doing business. Some examples inclu
    15·1 answer
  • Kimble Electronics issued its 6%, 20-year bonds payable at a price of $855,000 (face value is $900,000). The company uses the st
    5·1 answer
  • The appearance of coca-cola and ford on american idol is an example of which type of integrated marketing communications?
    10·1 answer
  • BidBuy is the world's leading online auction company. When BidBuy was founded ten years ago it was the first online auction comp
    7·1 answer
  • Researcher access to confidential records adds to the vulnerability of workers who participate in workplace studies. Inappropria
    6·1 answer
  • OSHA can help a business avoid this type of risk
    11·2 answers
  • A corporation purchases 20 000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the
    10·1 answer
  • On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 6%. The market intere
    8·1 answer
  • Which area should be of greatest concern to beverage managers when hosts or sponsors are charged per-person prices for open bars
    14·1 answer
  • Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $72,000 and equipment dep
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!