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vazorg [7]
3 years ago
13

Andrews corporation has income from operations of $227,000. in addition, it received interest income of $22,700 and received div

idend income of $30,100 from another corporation. finally, it paid $10,900 of interest income to its bondholders and paid $47,500 of dividends to its common stockholders. using the 2013 corporate tax schedule, what is the firm's federal income tax
Business
1 answer:
salantis [7]3 years ago
3 0
10,900 + 47,500 = 57,900
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The following items are taken from the financial statements of Cullumber Company for 2022:
Doss [256]

Answer:

                                          Cullumber Company

                                          Balance Sheet

                                          As at 2022

Explanation:                      Amount in $

Current Assets

Accounts Receivable           12,500

Cash                                      13,000

Prepaid Insurance                  6,600

Supplies                                  4,600

Total Current Assets            36,700

Non-Current Assets

Equipment (225,000-36,900)  188,100

Total Assets                            <u>  </u><u>224,800</u>

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable                10,600

Notes Payable                      65,000

Salaries Payable                      3,900

Total Current Liabilities           79,500

Equity

Common Stocks                      97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700)                                          64,300  

Dividends                                   (16,000)

 Total Equity                              145,300

Total Liabilities & shareholders' equity    <u>224,800</u>  

4 0
4 years ago
Customers have become increasingly anxious about breaches of privacy, and it is essential for marketing researchers to _________
myrzilka [38]

Answer:

All of these.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.

Over the years, customers have become increasingly anxious about breaches of privacy and compromise of their data by business firms. Thus, it is essential for marketing researchers to;

I. Conceal or hide consumers' addresses (both work and home) and phone numbers when they share information on any platform.

II. They should only share customer information with the sales department for follow-up.

III. Respect and protect the privacy of all of their customers without question or recourse.

IV They should always refer to the company's code of ethics so as to determine what information are permitted to be released for public consumptions.

6 0
3 years ago
Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $35,000 and yo
neonofarm [45]

Answer:

* The present value (at age 30) of retirement savings is $46,982.

* Amount expect when retiring: $959,089.

Explanation:

* The present value (at age 30) of retirement savings:

The contribution that is made on the 31st birthday = 31 years old salary * 8% = 30 years old salary * 1.04 * 8% = 35,000 * 1.04 * 8% = $2,912.

We apply the formula for calculating the present value of growing annuity to determine the present value of retirement savings at age 30:

[2,912 / ( 9% - 4%)] * [ 1 - [(1+4%)/(1+9%)]^35 ] = $46,982.

* Amount expect when retiring:

We apply the formula for calculating the future value of growing annuity to determine the future value of retirement savings at age 65:

[2,912/ (9% - 4%) ] * [ 1.09^35 - 1.04^35 ] = $959,089

6 0
3 years ago
A frozen foods company changes an ingredient to meet a new government standard. This is an example of
wolverine [178]
Following a federal regulation
5 0
3 years ago
Read 2 more answers
Integrity-based ethics programs:
il63 [147K]

Answer: Option B

                                             

Explanation:  In simple words, integrity based ethics programs refers to the program that an organisation initiates within the workplace with the expectation that employees will follow the defined rules and methods leading to lawful and ethical conduct of activities.  

By using such programs, organisation tries to bring up good results from the company operations, avoidance of potential lawsuits and set a positive image in the eyes of customers.

Hence from the above we can conclude that the correct option is B.

5 0
3 years ago
Read 2 more answers
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