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
Len [333]
3 years ago
11

In 2018, A Corp. had gross sales of $100,000,000 and business interest income of $20,000,000. A Corp. had deductible business ex

penses (other than interest) of $60,000,000 and business interest expense of $35,000,000. A Corp. had adjusted taxable income (adj. taxable income = taxable income without taking into account non-business income, business interest expense, business interest income or NOL) of $40,000,000.
What amount, if any, of A Corp.’s business interest expense deduction is disallowed in 2018?

What would your answer be (i.e. what amount of A Corp’s business interest expense would be disallowed) if instead A Corp. had gross sales of $1,000,000, business interest income of $200,000, deductible business expenses (other than interest) of $600,000, business interest expense of $350,000 and adjusted taxable income of $400,000? A Corp’s gross sales have been $1M for the past 3 years.
Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer:

Explanation:

Divide by 2

You might be interested in
How would life in the United States be different if people were not allowed to vote
Sliva [168]
Are opinion would not matter and the country would not be free.
Or violence if they chose someone that nobody agrees with.

Hope this helps!
3 0
3 years ago
A producer's market means higher prices.<br><br><br> True False
ahrayia [7]
The answer is True .
6 0
2 years ago
Increased professionalism in police forces has been made possible by two-way radios, telephones, and automobiles. in what way ha
anzhelika [568]
Answer:  
One way in which society has not benefited from the increasing police professionalism is because of the increase, community relations between civilians and police suffered despite the removal of political involvement.
8 0
3 years ago
One assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in th
scoray [572]
A. The size of the factory is fixed.

We know there will always be costs of rent and etc when running a business so even in the short run there is fixed costs. The output is always variable depending on the number of workers. The number of workers is also not fixed, but the size of the factory is because you cant just get up and move your business over night, it costs money and is a lot of work.  
8 0
3 years ago
A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. Assuming 6
NARA [144]

Answer:

35.35  days

Explanation:

For the computation of company’s days’ sales in receivable first we do the following calculations

As we know that

Profit margin = Net income ÷ Sales

0.086 = 187,000 ÷ Sales

Sales = 2,174,418.605

So,

Credit sales = Sales × Sales percentage

= 2,174,418.605 × 0.6

= 1,304,651.163

Receivables turnover ratio = Credit sales ÷ Receivables

= 1,304,651.163 ÷ 126,370

= 10.3241

Now

Days sales in receivables = 365 ÷ Receivables turnover

= 365 ÷ 10.3241

= 35.35 days

4 0
2 years ago
Other questions:
  • Delta Manufacturing has budgeted the following unit sales: 2019 Units April 25,000 May 40,000 June 60,000 July 45,000 Of the uni
    10·2 answers
  • The traditional method of making product mix decision considersA.producing the products with the highest contribution margins fi
    13·1 answer
  • Explain how increased immigration affected the market for low-skilled labor. Discuss which curves shifted, and what happened to
    10·1 answer
  • Toyota, the giant global automaker, paid a heavy price for its ___________ emphasis on cost control. The resulting problems with
    14·2 answers
  • Review the scenario:
    14·2 answers
  • You are given the following information about a portfolio you are to manage. For the long term, you are bullish, but you think t
    7·1 answer
  • Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at
    15·1 answer
  • Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided
    13·1 answer
  • Frictional unemployment is inevitable because: Please choose the correct answer from the following choices, and then select the
    5·1 answer
  • Revenue management methodology can be applied in the case of nonperishable assets.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!