Name three or four public services that are made available through the revenue from taxes.

Intel Corporation

statuscvo [17]

Answer:

a. Gross income = sales - COGS

Pretax = gross income - SG$A expense +operating income + non operating income- interest expense - unusual expense

income taxes = Pretax - net income

income statement 2016 2015 2014 2013 2012

sale 59387 55355 55870 52708 53341

COGS 23425 20651 20522 21418 20507

gross earnings 35962 34704 35348 31290 32834

SG&A EXPENSE 21149 19835 19693 18729 18117

operating income 14813 14869 15655 12561 14717

non operating income 533 -51 224 595 463

interest expense 733 337 192 244 90

unusual expense 1677 269 -114 301 217

pretax 27749 29081 31456 25172 29590

income taxes 17433 17661 19752 15552 18585

Net income 10316 11420 11704 9620 11005

b. Average tax rate = total taxes / total taxable income ( for this calculation we need the tax table for identifying the correct tax brackets for each taxable income falling on it.

2016 2015 2014 2013 2012

gross profit margin 0.61% 0.63% 0.63% 0.59% 0.62%

net profit margin 0.17 % 0.21% 0.21% 0.18% 0.21 %

c. is attached

d.income statement 2016 2015 2014 2013 2012

sale 100 100 100 100 100

COGS 39.44% 37.31% 36.73% 40.64% 38.45%

gross earnings 60.56% 62.69% 63.27% 59.36% 61.55%

SG&A EXPENSE 35.61% 35.83% 35.25% 35.53% 33.96%

operating income 24.94% 26.86% 28.02% 23.83% 27.59%

non operating expense 0.90% -0.09% 0.40% 1.13% 0.87%

interest expense 1.23% 0.61% 0.34% 0.46% 0.17%

unusual expense 2.82% 0.49% -0.20% 0.57% 0.41%

pretax 46.73% 52.54% 56.30% 47.76% 55.47%

income taxes 29.35% 31.90% 35.35% 29.51% 34.84%

Net income 17.37% 20.63% 20.95% 18.25% 20.63%

Explanation:

gross profit margin = gross profit/ sales

net profit margin = net profit / sales

no c is an attachment

5 0

3 years ago

Macroland, currency held by the public is 2,000 econs, bank reserves are 300 econs, and the required reserve/deposit ratio is 10

I am Lyosha [343]

Answer:

D)5,000; 7,000

Explanation:

Public is holding 2000 econs and banks reserves are 300 econs. It is mentioned that reserve requirement is 10%.

So total bank deposits must be 3000. Money supply in the economy is (3000 + 2000 = 5000)

When the reserve ratio is 0.1, that means the money multiplier is 10.

If there is an additional inflow of currency because of printing 200 econs by central bank then because of multiplier effect it will be 2000 econs.

Money supply from earlier 5000 econs will become 7000 econs.

Option D is correct.

7 0

3 years ago

Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to bui

faltersainse [42]

Answer:

Policies consistent with the goal of increasing productivity and growth in developing countries are:

1. Protecting property rights and enforcing contracts

2. Providing tax breaks and patents for firms that pursue research and development in health and sciences

Explanation:

To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts. These are the bases for attracting more foreign direct investments. The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property. Without this basic ingredient, foreign direct investments will be hard to attract.

4 0

3 years ago

White Pearl Cosmetics markets skin care products for teenage girls between 16 and 19. In approaching its international markets,

Anna35 [415]

I think (but I’m not sure) it’s global

3 0

3 years ago

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum

Nataliya [291]

Answer:

On disposal, the carrying amount of the asset is derecognized by

Debit Other income/disposal account (p/l) $20,000

Credit Asset account $20,000

Being entries to derecognize the cost of the delivery van

Debit Accumulated depreciation account $18,000

Credit Other income/disposal account (p/l) $18,000

Being entries to derecognize the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account $2,000

Credit Other income/disposal account (p/l) $2,000

Being entries to record cash collected on disposal of the asset

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by

Debit Other income/disposal account (p/l)

Credit Asset account

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

With the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

4 0

3 years ago