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
Flura [38]
4 years ago
8

Operating income and tax rates for C.J. Company’s first three years of operations were as

Business
1 answer:
Oksana_A [137]4 years ago
8 0

Answer:

Correct option is C ; the DTA - Deferred tax asset  is $300,000

Explanation:

For losses of Year 2015 DTA should be created at 31/12/2015 as due to this loss future income will get reduced and consequently company's tax liability will get reduced.

DTA = 750,000 x 40% = 300,000

In year 2016 tax rate is 40% so DTA will be at this rate as after setting off the loss of year 2015 with income of 2016 the company will benefit by 750000 x 40%=300000 due to lesser income tax liability.

Hence the DTA - Deferred tax asset  is $300,000

You might be interested in
Based on the scenario and the knowledge gained from this section, address the following:
Anna11 [10]
I don't know your scenario, but I can give an example for discussing federalism, and hope that it will be helpful to you!

The main effect that the the division of power between the federal and state governments has on its citizens is that the lives of the citizens differ depending on the state they live in.

Let's take the death penalty: people living in a state with this penalty can fear being falsely condemned to it (happens often!) and the people who live elsewhere don't need to fear it.

Also, let's take possesion of small amounts of marihuana: a person would be punished differently for it, depending on the state they live in.
6 0
3 years ago
to answer this question. In week 1 the inventory manager discovers, much to his horror, that instead of 65 tacos in inventory, t
rodikova [14]

Answer:

D.110

Explanation:

They had 6.5 instead of 65.

Number of production shortage

65/6.5=10

Now this is equal to 10 × 10 + 10

=110

8 0
3 years ago
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3
UkoKoshka [18]

Answer: $66,810,000

Explanation: take the balance at the beginning of the year add it to the net income from statement of comprehensive incomes then minus the cash dividends declared from the total of the beginning balance and net income then get the retained balance at the end of the 20Y3 year  of 66 810 000.

The stock dividends of 2,600,000 have two accounts involved which is stock( inventory) and dividends declared which is an liability.

  Sumter Pumps Corporation        

         

   retained income statement for the year ending 31 december 20Y3      

         

balance 01/jan/20Y3      $59,650,000      

         

CHANGES IN EQUITY          

Net Income      8,160,000    

dividends paid and declared          

Cash dividend      1,000,000    

stock dividend      0    

         

balance 31 dec 20Y3      $66,810,000      

4 0
3 years ago
Which sentence does not control exuberance?
alekssr [168]

Answer:

The matter was handled really unfairly

Explanation:

Exuberance in a statement are usually identified by the use of the words - really and completely.

These words tend to give an expression of making excess effort in doing something. So exuberance is not controlled.

Overuse of intensifiers in a sentence shows exuberance and this is not ideal in business communication.

Various intensifiers include - very, definitely, really, actually, totally, extremely, and completely.

4 0
3 years ago
Today, you turn 23. your birthday wish is that you will be a millionaire by your 40th birthday. in an attempt to reach this goal
Degger [83]

dude thats easy all u have to do is multiply 40 and 50


4 0
4 years ago
Other questions:
  • Cellar Wines has a debt-equity ratio of 0.54, sales of $728,700, net income of $94,900, and total debt of $382,000. What is the
    8·1 answer
  • Janet is identifying the set of privileges that should be assigned to a new employee in her organization. which phase of the acc
    7·1 answer
  • Monetary Policy in Flosserland: In Flosserland, the Department of Finance is responsible for monetary policy. Flosserland has ha
    13·1 answer
  • A neighborhood swim club charges a one-time fee of $25 to join and $85 each month. If m is the number of months of membership an
    13·1 answer
  • Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each. What is Elenor’s gross
    13·1 answer
  • One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar
    8·1 answer
  • Overdraft fees can be avoided by
    14·1 answer
  • When every element in a salad could easily stand on its own, the salad is
    6·1 answer
  • Boone Brothers remodels homes and replaces windows. Ace Builders constructs new homes. If Boone Brothers considers expanding int
    10·1 answer
  • Explain why unions have declined in power in the last few decades.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!