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Sophie [7]
3 years ago
11

Green Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased b

y $50,000. In addition, tax depreciation exceeded book depreciation by $100,000. Finally, Green subtracted a dividends received deduction of $25,000 in computing its current year taxable income. Green's cash tax rate is:
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
6 0

Answer:

Green's cash tax rate is 19.425%

Explanation:

The cash tax rate is the taxes payable divided by pretax book income. Green's taxable income is $925,000 ($1,000,000 + $50,000- $100,000 - $25,000). Taxes payable on taxable income is $194,250. The cash tax rate is 19.425% {$194,250/$1,000,000}.    

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As a company grows, it may become necessary for it to create an ______
viva [34]

<u>Answer:</u>

<em>As a company grows, it may become necessary for it to create an </em><u><em>Organizational chart</em></u><em> which is a visual display of the organizational structure which contains lines of authority (chain of command),  staff relationships,  permanent committee arrangements, and lines of communication.</em>

<em></em>

<u>Explanation:</u>

The organization chart is a chart indicating the connection of one department graphically to another, or others, of an organization. It is additionally used to show the relationship of one office to another, or others, or of one capacity of an association to another, or others.  

Using the organization chart continuously, show the "structure of a business", government, or other association. Organization diagrams have an assortment of employments and can be organized from multiple points of view.

4 0
3 years ago
Portal Palace is a door manufacturer that is considering moving into a new regional market. Which of the following would be info
Liono4ka [1.6K]

Answer:

C

Explanation:

Because they need to know they will be successful in the new market.

3 0
4 years ago
During the current year, Elk Company incurred the following direct labor costs: January $40,000 and February $60,000. Elk uses a
Rom4ik [11]

Answer:

January Overheads are <u>under-applied</u> by $2,000.

Explanation:

When,

Actual overheads > Applied overheads we say overheads are under-applied.

Actual overheads < Applied overheads we say overheads are over-applied.

Where,

Applied overheads = Predetermined overhead rate × Actual Activity

Therefore,

Applied overheads (January) = 120% × $40,000

                                                = $48,000

Actual overheads (January) = $50,000.

Conclusion

It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.

Amount of under-applied overheads = $50,000 - $48,000

                                                             = $2,000

5 0
3 years ago
"Pinkmake Inc. is expanding its global operations into Jartainia in spite of the frequent changes in its government due to the a
exis [7]

Answer:

... it must deal with criminal aspects, dangerous situation and violence in general.

Explanation:

5 0
3 years ago
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"What advice would you give in this ethical dilemma? Brittani is serving as interim editor of the company newsletter. She receiv
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<span>Brittani is in an ethical dilemma because she does not want to disrespect the president written article but she must provide him with accurate feedback for the company. Brittani must approach the situation with respect and facts. The best way for Brittani to do this is to call the president and ask for a face to face meeting and to gently point out not only the flaws in the article but also the strong points.</span>
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