Answer: <em>Amount of budgeted income tax expense = $10,668</em>
Explanation:
Given:
Sales = $118,800
COGS = $48,500
Depreciation expense = $1,500
Interest expense = $250
Other expenses = $41,880
We'll compute the amount of budgeted income tax expense using the following formula:
Amount of budgeted income tax expense = 40% of (Sales - COGS - Depreciation expense - Interest expense - Other expenses)
= $118,800 - $48,500 - $1,500 - $250 - $41,880
= 40% x $26,670
= $10,668
Answer:
e. 9.33 times
Explanation:
Data provided as per the given question
Price of share = $200,000 and $50,000
Earning per share = $40,000
The calculation of price-earnings ratio is shown below:-
Price earning ratio = Price of share ÷ Earning per share
= ($200,000 - $50,000) ÷ $40,000
= $3.75 per share
Therefore price earning ratio
= $35 ÷ $3.75
= 9.33 times
Answer:
29,700 dollars is your answer
Explanation:
Answer:
Uncollectible Accounts = $9,950
Explanation:
Uncollectible Accounts in :
Not yet due = $30,000 * 4% = $1,200
1-60 days = $15,000 * 25% = $3,750
more than 60 days due = $10,000 * 50% = $5,000
Total = $9,950
Answer:
Increase in government purchases will have a larger impact om real gross domestic.products.
Explanation:
Consumers' behaviors are unpredictable and they also have a choice between spending the increase in their disposable income due to the decrease in personal taxes and saving.
Consumers can choose to save this increase rather than spending it. And when it is saved it has little impact real gross domestic product.
Whereas if it is government, increase government purchases has direct impact on real gross domestic product. Its multiplier's effect is larger than that of the consumers'