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galben [10]
3 years ago
8

Mattel Inc.'s2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,02

2 thousand, provision for income taxes of $91,720 thousand and net nonoperating expense before tax of $109,491 thousand. Assume Mattel’s statutory tax rate for 2016 is 37%. Mattel's 2016 effective tax rate is: Select one: A. 22.4% B. 37.0% C. 19.4% D. 17.7% E. None of the above
Business
1 answer:
Sophie [7]3 years ago
3 0

Answer:

A. 22.4%

Explanation:

Income TAXES

Operating profit before interest and tax  $ 519.233  

Net nonoperating expense before tax -$ 109.491  

Subtotal $ 409.742  

Provision for income taxes -$ 91.720 -22,4%

Net Income $ 318.022  

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Quentin's 2014 net income was $5,000. no dividends were declared or paid during 2014. what was quentin's retained earnings balan
lions [1.4K]

$39,000  was Quentin's retained earnings balance on December 31, 2013.

Retained Earnings in the Beginning (December 31, 2013) =

2014 Retained Earnings - Net income =44,000-5,000 =39,000(Answer)

current Ratio = Current Assets / Current Liabilites =90,000 /72,000= 1.25

Calculating the outstanding balance is very simple. Simply divide the company's current assets by its current liabilities. Current Ratios are assets that can be converted into cash within one year, and current liabilities are liabilities expected to be repaid within one year.

current Ratio relate to the company's financial obligations to be paid within one year. A higher liquidity ratio is clearly advantageous for business. A good cash ratio is between 1.2 and 2. This means that the company has liquid assets twice as much as its liabilities to cover its liabilities.

Learn more about the current Ratio here: brainly.com/question/2686492

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3 0
2 years ago
Insurance is a financial service that allows a
ddd [48]
<span>consumer to share liability with a company.</span>
5 0
3 years ago
Read 2 more answers
what is the annual operating cash flow (OCF) for a 10-year project that has annual sales of $520,000, its variable costs are 60%
Levart [38]

Answer:

$62, 000

Explanation:

Operating Cash Flow  = Operating Income (revenue – cost of sales) + Depreciation

4 0
3 years ago
A company purchased $9,100 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $455 of that merchandise.
elena-14-01-66 [18.8K]

Answer:

$259.35

Explanation:

The computation of the amount of cash paid is shown below:

= (Purchase value of merchandise - returned goods of merchandise - discount charges)

= ($9,100 - $455 - $259.35)

= $8,385.65

The discount charges is

= (Purchase value of merchandise - returned goods of merchandise) × discount rate

=  ($9,100 - $455) × 3%

= $259.35

We simply applied the above formula

3 0
4 years ago
من الامثلة على الازمات المادية الملموسة في المنظمات​
Vsevolod [243]
<h3>مطلوبہ جواب :)</h3>

ریگولیٹری میٹریل کا مطلب یہ ہے کہ ، ہر صورت میں مکمل طور پر مرکبات سے متعلق حد تک ، اور کسی بھی کمپاؤنڈ پر مشتمل کوئی بھی مصنوعات ، جس کی ملکیت ہو ، بیچنے والے یا اس کے کسی بھی ملحقہ (یا دانشورانہ ملکیت اور ان کے کسی ملحقہ) کے زیر قبضہ ہو۔ اس میں یا اس سے وابستہ ملکیتی حقوق):☕️(i) تکنیکی ، سائنسی ، ترقی ، کیمیائی ، حیاتیاتی ، فارماسولوجیکل ، زہریلا ، ریگولیٹری ، آر اینڈ ڈی نوٹ بک اور اس سے متعلقہ مواد ، ☕️(ii) بیچ ریکارڈ ، استحکام ریکارڈ ، طریق کار اور دیگر ریکارڈ اور اس کے لئے درکار معلومات مرکبات کی تیاری ، ساخت ، استعمال ، تقسیم ، مارکیٹنگ ، فروغ ، فروخت ، انتظامیہ یا تشکیل ، ☕️(iii) مصنوعات کی حفاظت سے متعلق معلومات اور دیگر تمام منفی واقعات ، شکایات فائلیں اور مرکبات یا کسی بھی مصنوع سے متعلق دیگر اطلاعات اور معلومات کی تائید کریں۔ کسی بھی کمپاؤنڈ (زبانیں) ، ☕️(iv) کے ساتھ کسی دوسرے ریگولیٹری اتھارٹی کے ساتھ تحریری خط و کتابت اور اس میں احترام کے ساتھ تمام معاون دستاویزات اور ) دیگر اعداد و شمار ، فائلیں ، ریکارڈ اور دیگر معلومات (کسی بھی شکل یا

میڈیم میں ، جہاں کہیں بھی واقع ہیں) مذکورہ بالا سے ملتی جلتی ہیں۔

.

<u>━━━━━━━━━━━━━━━━━━━━</u>

3 0
3 years ago
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