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
Alex787 [66]
3 years ago
9

A computer company has $3,000,000 in research and development costs. Before accounting for these costs, the net income of the co

mpany is $2,400,000. What is the amount of net income or loss after these R & D costs are accounted for? A : $2,400,000 net income B : $0 C : None of the choices are correct D : $600,000 loss
Business
1 answer:
AfilCa [17]3 years ago
6 0

Answer:

D : $600,000 loss

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

So,The net income or net loss would be

= Net income - research and development costs

= $2,400,000 - $3,000,000

= $600,000 loss

You might be interested in
Tool Manufacturing has an expected EBIT of $ 39,000 in perpetuity and a tax rate of 33 percent. The firm has $ 80,000 in outstan
Thepotemich [5.8K]

Answer:

$208,530

Explanation:

The computation of value of levered firm is shown below:-

For computing the value of levered firm first we need to compute the Value of Unleavened firm

Value of unlevered firm = Earning before interest and tax × (1 - tax rate) ÷ Cost unlevered of Capital

= $39,000 × (1 - 33%) ÷ 15%

= $39,000 × 0.67 ÷ 15%

= $39,000 × 4.67

= $182,130

Now, the Value of levered firm = Value of unlevered firm + Outstanding debt × Tax rate

= $182,130  + $80,000 × 33%

= $182,130  + $26,400

= $208,530

3 0
3 years ago
Mullin, InC., purchases supplies such as paper towels, soap, toilet paper, and seat covers directly from manufacturers and then
coldgirl [10]

Answer:

wholesaler

Explanation:

A wholesaler is part of the downstream supply chain. It operates by purchasing large amounts of certain goods and then reselling them to smaller retailers. Wholesalers act as intermediaries between small retailers that are unable to purchase large amounts from manufacturers, but still need to purchase them at a discount price. Generally, wholesalers do not sell directly to the general public, only to other smaller businesses.

7 0
2 years ago
If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amou
Naddika [18.5K]

Answer:

The rate is greater than 8%

Explanation:

Given

\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )

<em>Missing part of question</em>

I =210

n =2

Required

Is r > 1

We have:

\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )

Substitute values for r and I

210 = 1,000 \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )

Divide both sides by 1000

0.210 = \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )

Add 1 to both sides

1.210 = (1+\frac{r}{100} \right ))^{2}

Take square roots of both sides

\sqrt{1.210} = 1+\frac{r}{100}

1.1 = 1+\frac{r}{100}

Subtract 1 from both sides

0.1 = \frac{r}{100}

Multiply both sides by 100

r = 10

10 > 8

<em></em>

<em>Hence, the rate is greater than 8%</em>

7 0
3 years ago
Assuming that data mining techniques are to be used in the following cases, identify whether the task required is supervised or
Greeley [361]

Answer:

Supervised and Unsupervised Learning:

a. Unsupervised learning

b. Supervised learning

3. Supervised learning

4. Unsupervised learning

Explanation:

The key difference between supervised machine learning and unsupervised machine learning is that with supervised machine learning there is a training dataset (labeled data) on which the algorithm is trained to predict patterns.  With unsupervised machine learning on the other hand, there is no training data.  So, the algorithm discovers patterns on itself without reference to another labeled data or training dataset.

6 0
3 years ago
Brooke and John formed a partnership. Brooke received a 40% interest in partnership capital and profits in exchange for contribu
spin [16.1K]

Answer:

$102,000

Explanation:

According to 26 US code Section 704(c) - Partner's distributive share :

Taxable gain to be recognized from sale = Sale value - ( Partner's share * Fair market value )

Brooke contributed the land, the gain realized before the land was contributed = $120,000 - $90,000 will be allocated entirely to her. She will also be allocated 40% of the gain after the contribution was made = ($150,000 - $120,000) x 40% = $30,000 x 40% = $12,000.

So the total gain recognized by Brooke will be $90,000 + $12,000 = $102,000.

Partnerships are pass through entities, the partners are taxed, not the partnership itself.

3 0
3 years ago
Other questions:
  • At December 31, 2018, before any year-end adjustments, Concord Company's Insurance Expense account had a balance of $2570 and it
    13·1 answer
  • Markets distribute goods and services based on _____. A. revenue B. price C. profits
    5·2 answers
  • Which of the following is NOT true of capital productivity? a. Changing the way a firm handles inventory to reduce capital expen
    11·1 answer
  • Which statement applies to the commodities exchange
    15·2 answers
  • Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginnin
    12·1 answer
  • The fixed costs of the division were $193,000. If the mountain bike division is dropped, 30% of the fixed costs allocated to tha
    5·1 answer
  • According to the path-goal theory, employees with an internal locus of control should prefer a leader who is __________.
    8·1 answer
  • In November 2019, Yammy Fun Inc. purchased advertising for $1,000 that ran in the local November news paper. All purchases and s
    12·1 answer
  • Following are selected accounts for Target Corporation. (a) Indicate whether each account appears on the balance sheet (B) or in
    6·1 answer
  • The December 31, 2020 balance sheet of Barone Company had Accounts Receivable of $400,000 and a credit balance in Allowance for
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!