Answer: $35 million (nearest whole million)
Explanation:
To calculate the current year's tax Payable we will start by ascertaining the Net Taxable income.
Fema Corporation did not account for the net operating loss carryforward of $81 million in the $200 million pretax accounting and taxable income for the current year so we have to do that.
Doing that would be,
= $200 million - 81 million
= $119 million
This is the Net Taxable Income.
We will then use the NEW tax rate which was effected immediately to determine the new Tax Payable,
= $119 million * 0.29
= $34.51 million
= $35 million (nearest whole million)
Answer: Can be issued in return for money borrowed from a bank.
Explanation:
Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.
It can be issued in lieu of money borrowed from a bank as well as an accounts payable.
Well something that is a global trend here is the advancements in technology. This is because it allows business to be done quicker and more efficiently by optimizing time and energy.
Answer:
A. $ 600
Explanation:
Computation of office supplies purchases during February
The formula for calculating the purchases is:
Opening Inventory + Purchases - Expenses = ending inventory Supplies
$ 800 + Purchases - $ 1000 = $ 400
By solving the equation, the purchase value is calculated at $ 600
Another approach is to see that the change in supplies inventory balance is a reduction of $ 400, The expenses of $ 1000 is contributed by a reduction in supplies of $ 400 and the remaining balancing amount of $ 600 is the purchases
The dimension of e-commerce technology involving integration of video, audio, and text marketing messages into a single marketing message and consumer experience is: Richness.
E-commerce is the business performed at an online platform. It involves the interaction between the buyer and seller online for the business to be accomplished. There can be three types of e-commerce: business-to-business, business-to-consumer and consumer-to-consumer.
Richness in e-commerce is defined as the amount of content and the message it is able to deliver to the customers online. If the customers are greatly influenced by the content of the website, the website is considered to have more richness.
To know more about e-commerce, here
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