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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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Demand is the amount of a good that __________ can afford and want to purchase at each possible __________ and over a period of
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2 years ago
What should you do when you are in a state of ambiguity with distinct possible outcomes?
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Distinct possibilities, where there are two, three, or maybe four potential future alternatives, represent the second state of ambiguity. And you may make a contingency plan depending on which of those four possibilities might occur in a circumstance where there are distinct possibilities.

How do you make decisions in ambiguous situations?

Embrace a variety of viewpoints. Include intellectuals who hold opinions that differ from your own. You'll gain an understanding of the decision's potential outcomes, what other factors need to be taken into account, and what crucial information is lacking. Decentralize decision-making to the individuals who are most familiar with the "issue."

What is a good contingency plan?

Any circumstance that might interfere with operations should be covered in a comprehensive contingency plan. To include in the plan, take into account the following areas: storms, fires, and earthquakes are examples of natural catastrophes. crises including endangerment to staff or clients, injuries sustained on the job, and mishaps at the workplace.

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7 0
2 years ago
If the nominal interest rate is 18 percent and the real interest rate is 8 percent, the inflation rate is
Kamila [148]

Based on the nominal interest rate and the real interest rate, the inflation rate must be 10%.

<h3>What is the inflation rate?</h3>

The inflation rate is the difference between the nominal rate and the real interest rate.

It can be found as:

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6 0
2 years ago
A World Trade Organization publication calls comparative advantage "arguably the single most powerful insight in economics." Sou
zimovet [89]

Answer:

The ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors is known as <u>COMPARATIVE ADVANTAGE</u>, what makes it such a powerful insight?

  • D) It explains why if individuals, firms, and countries specialize and trade they will be better off

Explanation:

The Heckscher Ohlin theory of comparative advantage states that a country must produce the goods for which they have an abundance of factors of production, e.g. countries with a lot of land can produce agricultural products. When a country is able to produce goods at a comparatively lower price than other countries, they will be able to trade and benefit from it.

Benefits from trade are obtained not by absolute advantages in the production of goods, but by producing goods with a comparative advantage, i.e. lower opportunity cost.

For example, country A can produce 100 bushels of corn and 50 bushels of wheat. Country B can produce 50 bushels of corn and 35 bushels of wheat.

  • country A's opportunity cost of producing 1 bushel of corn = 50/100 = <u>0.5</u> bushels of wheat
  • country A's opportunity cost of producing 1 bushel of wheat = 100/50 = 2 bushels of corn

  • country B's opportunity cost of producing 1 bushel of corn = 35/50 = 0.7 bushels of wheat
  • country B's opportunity cost of producing 1 bushel of wheat = 50/35 = <u>1.43</u> bushels of corn

Even though country A has an absolute advantage in the production of corn and wheat, it will benefit from trade only if it specializes in the production of corn and imports wheat. On the other hand, country B will benefit from trade if it specializes in the production of wheat and imports corn.

7 0
3 years ago
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