Answer:
The cost of those meals should be tax-free to employees
Explanation:
The lateness of employees to their respective duties after lunch obviously affected business, negatively. This negative impacts of lateness were solved by lunch planning.
For convenience sake of the employer, employer paid meals were furnished within the business environment. Because employees were late from lunch, employer arranged free meals in order for employees to be on time from lunch.
As long as lateness has been reduced then their meals should be tax free.
18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
Explanation:
The given is,
Madge is the manager at sports arena
3,500 patrons per event
Ticket takers can process 200 event-goers per event
Step: 1
Let, x - No. of ticket takers
Formula to calculate ticket takers,
Substitute the values,
= 17.5
x ≅ 18 ticket takers
Madge should hire 18 ticket takers.
Result:
18 ticket takers should Madge hire, if Madge is the manager at a sports arena that draws an average 3,500 patrons per event and each ticket taker can process 200 event-goers per event.
Answer:
5
Explanation:
Given that,
Beginning assets = $80,000
Ending asset = $120,000
Operating income = $200,000
Interest expense = $18,000
Average common stockholders’ equity = $20,000
Average total assets:
= (Beginning assets + ending asset) ÷ 2
= ($80,000 + $120,000) ÷ 2
= $100,000
Leverage ratio:
= Average total assets ÷ Average common stockholders' equity
= $100,000 ÷ $20,000
= 5
Answer:
KPD’s tax expense for 2022 is $9 million.
Explanation:
$ in Millions
Taxable Income (10/25%) 40
Add: Tax basis depreciation (80-74) 6
Accounting Income before Deprecation 46
Less: Accounting Deprecation (100-90) 10
Accounting Income 36
Tax expense (36x25%) 9
