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
vovikov84 [41]
3 years ago
6

GMC is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expenses associated with the new S

UV launch would generate operating losses of $30 million next year. Without the new SUV, GMC expects to earn pre-tax income of $80 million from operations next year. GMC pays a 30% tax rate on its pre-tax income.
Required:
1. The amount that GMC owes in taxes next year with the launch of the new SUV is closest to __________.
Business
1 answer:
uranmaximum [27]3 years ago
4 0

Answer:

$24 million

Explanation:

Given that

Tax rate = 30%

Pre-tax income = $80 million

The calculation of  pre-tax income next year is shown below:-

The 30% taxes on pre-tax income × $80 million next year

= 30% × $80 million

= $24 million

Therefore, SUV is not introduced so here we will not consider the operating loss for the next year $30 million.

You might be interested in
In many​ countries, people hold money as a cushion against unexpected needs arising from a variety of potential scenarios​ (e.g.
RoseWind [281]

Explanation:

precautionary demand for money is classified as money that are held to cover for unforeseen occurrence e.g, an accident or illness.

It should also be noted that:  The amount of money held for such purposes is broadly dependent on the level of income and expenditure.

With more income the precautionary demand will increase because there are more likely to be surprises in the timing or magnitude of the correspondingly high expenditures

A higher rate of interest represents a higher opportunity cost of holding money for any reason, including the precautionary reason, and so leads to lower precautionary holdings.

7 0
3 years ago
Jack and marcus have just graduated college. they roomed together at state university and now want to continue their friendship
mel-nik [20]

Friendship is a state of enduring affection, esteem, intimacy, and trust between two people. Hence, there is sense of friendship among Jack and Marcus.

<h3>Advantages Of Living Near Your Workplace</h3>

  1. Jack and Marcus can avoid traffic and stay away from pollution
  2. It will help them save a lot of time
  3. They will end up saving money
  4. They will help you stay healthy
  5. It increases flexibility

Therefore, they (Jack and Marcus) will have the above advantage.

learn more about living near workplace: brainly.com/question/1162014

#SPJ1

7 0
2 years ago
After the Interview The job search doesn't end with the interview. After your interview, be sure to follow up with the appropria
iogann1982 [59]

Answer:

The correct answers are letters "A", "D", and "E": Use a business letter format; Send a separate letter to each interviewer; Mention something you liked about the interview.

Explanation:

A <em>job interview </em>does not end after leaving the prospective company where you could work. Most organizations decide to choose one applicant over another if they contact their interviewers after the interview. For that purpose, that last contact must be a <em>formal letter stating what your impressions are of the company and why you are still interested in obtaining the job position</em>. Besides, if there was more than one interviewer, <em>a unique letter should be addressed to each of interviewer</em>.

3 0
3 years ago
Jonathan Mfg. adopted a job-costing system. For the current year, budgeted cost driver activity levels for direct labor hours an
Hitman42 [59]

Answer:

C. $ 7,500

Explanation:

Estimated direct labor cost                                                       $ 100,000

Estimated direct labor hours                                                          20,000 hours

Predetermined rate per direct labor hours                  $ 5 per direct labor hour

Actual hours used on a job                                                             1,500 hours

Applied overhead based on the predetermined overhead

rate per direct labor hours

$ 5 per direct labor hours * 1,500 hours                                         $ 7,500

The information regarding machine hours is not relevant to the requirements of the question.  

4 0
3 years ago
Precision Paper Products produces both paper towels and paper napkins. The production process begins with the receipt and pulpin
alexdok [17]

Answer:

d. The maintenance costs associated with the napkin folding machine.

Explanation:

The cost that required one or more processors to produced a final product is known as joint cost

Here in the given question, the maintenance cost is not considered to be a joint cost as this cost are associated with the paper napkins

Also, the pulping, screening, rolling, etc are considered to be joint cost

Hence, the correct option is d.

4 0
3 years ago
Other questions:
  • According to zillow, the typical selling price of single-family homes for sale in Corvallis, Oregon in Spring 2018 are provided
    15·1 answer
  • Auditors must gather evidence, and obtain documentation around identified risks. A risk in the purchasing process is that a purc
    12·1 answer
  • In the lab, once the installation process was complete and you returned to the server manager, an amber caution symbol indicated
    6·1 answer
  • What budget item does NOT necessarily include monthly expenses?
    6·1 answer
  • The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction
    11·1 answer
  • Free pointsvguf dhscjbf hcjn
    11·2 answers
  • Crop-share lease is a kind of land lease, where a specified percentage of the crop is paid to the land owner for use of the land
    9·1 answer
  • Money Bank has $500 million dollars in deposits and has 12 percent reserve ratio, how much can Money Bank lend
    13·1 answer
  • What types of new products could be targeted at low-income customers in emerging economies?
    10·2 answers
  • 19. Suppose Wamba Itd paid a dividend last year amounting to sh 100,000. The dividend stream is expected to grow by 10% indefini
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!