Answer:
Income tax expense of $14 million should report in the income statement
Explanation:
Southeast Airline should report the income on the basis of their earning in the year.
Earning Before Tax = $30 Million
Tax on Earning Before Tax = $30 Million x 40% = $12 million
Gain on disposal = $5 million
Tax on Gain on disposal = $5 million x 40% = 2 million
Total Income tax = $12 million + $2 million = $14 million
Another way
Total Income tax = ( $30 million + $5 million ) x 40% = $14 million
Answer:
what type of answer do you need?
Explanation:
?
Answer:
Getting Hacked
Explanation:
Information is one of the (if not the most) powerful weapon that exists and a great asset to those that possess it. That being said if you get hacked and that information gets stolen it can easily turn from being an asset to a liability. The individual that stole this information can use it against you in many ways such as stealing money, blackmail, using your identity, etc. The possibilities are endless.
Answer:
Amount to be borrowed $18,040
Explanation:
The computation of the amount that should be borrowed is given below:
Opening cash balance $29,500
Add Cash Receipts $98,000
Less Cash Disbursements -$122,540
Balance before adjustment $4,960
Desired ending cash balance $23,000
Amount to be borrowed $18,040
Sales: $914,000
Variable Costs: $498,130
Operating Income: $196,000
Contribution Margin Ratio = ?
Formula:
Contribution Margin Ratio = (Sales – Variable Costs) / Sales
Solution:
Contribution Margin Ratio = ( $914,000 - $498,130) /
$914,000
Contribution Margin Ratio = 45.5% (Answer)