Answer:
d. $46,800
Explanation:
Operating revenues $199,700
Less:
Operating expenses <u> $111,000</u>
Operating Profit $88,700
Less:
Interest expense $9,200
Income tax expense <u>$36,000</u>
Net Income $43,500
Add:
Gain from sale <u> $3,300 </u>
Total Net Income <u>$46,800</u>
Answer:
C. It is done to postpone taxes to a future date
Explanation:
Selling short against the box can no longer be done to defer tax to the next tax period
When someone is driving a car or even a motorcycle and is cut off by another vehicle, it can cause an accident. Another result could be one or both drivers threatens the other person or even a pedestrian that was involved. These are examples of "road roage."
Answer:
96.02
Explanation:
Lottery's Expected utility = 
= 10
Income in good state = 100 - 36 + G = 64 + G
Income in bad state = 100 - 36 = 64
Probability in good state = 43%
Probability in bad state = 100% - 43% = 57%
Expected utility = Probability in good state x 
+ Probability in bad state x 
10 = 43% x + 57% x 8
10 = 43% x + 4.56
10 - 4.56 = 43% x
5.44 = = 43% x
5.44 / 43% =
12.65 =
= 
160.0225 = 64 + G
G = 160.0225 - 64
G = 96.0225
G = 96.02
Answer:
Answer:
$420 of revenue, $840 of deferred revenue
Explanation:
Data provided in the question
Paid amount = $1,260
Given months = 6 months
Number of months = 2 months
For two months, the revenue is
= Paid amount × number of months ÷ given months
= $1,260 × 2 months ÷ 6 months
= $420
Now the deferred revenue is
= Paid amount - revenue
= $1,260 - $420
= $840
Hence, the revenue is $420 and the deferred revenue is $840
