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
Katyanochek1 [597]
3 years ago
10

Alpaca Corporation had revenues of $270,000 in its first year of operations. The company has not collected on $18,700 of its sal

es and still owes $26,300 on $80,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $14,500 in salaries. Owners invested $25,000 in the business and $25,000 was borrowed on a five-year note. The company paid $2,400 in interest that was the amount owed for the year, and paid $5,400 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%.Compute net income for the first year for Alpaca Corporation:
a) $ 183,092
b) $ 186,186
c) $ 225,000
d) $ 204,600
Business
1 answer:
liq [111]3 years ago
8 0

Answer:

net income after taxes $102,240

Explanation:

net income:

total revenues                  $270,000

<u>- cost of goods sold         ($80,000)</u>

gross profit                       $190,000

- salaries                            ($14,500)

- interest expense             ($2,400)

<u>- insurance expense          ($2,700)</u>

net income before taxes  $170,400

<u>- income taxes                   ($68,160)</u>

net income after taxes      $102,240

You might be interested in
What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveli
nasty-shy [4]

The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.

<h3>Why was the transcontinental railroad created?</h3>

The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.

Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.

Find out more about transcontinental railroad here:

brainly.com/question/11433327

#SPJ1

4 0
2 years ago
What is the primary disadvantage of outdoor advertising? it provides low flexibility it permits low repeat exposure it provides
nikklg [1K]
The primary disadvantage of outdoor advertising is that it provides little audience selectivity. It is because in outdoor advertising, they try to advertise or make known of their products by placing it on billboards, placing it on vehicles or any exterior places that could be placed on. What makes it have little audience selectivity is that the people who could only notice it is those who could be able to see the advertisement. With that, it makes only few people see it and does not target a lot of consumers.
7 0
3 years ago
Granting access to a user based upon how high up he is in an organization violates what basic security premise?
hodyreva [135]

Granting access to a user based upon how high up he is in an organization violates "the principle of least privileges."

As the principle of least privileges states that a person should be given only those privileges that are needed or are necessary to perform a specific job or task and nothing more.

The principle of least privileges states that you assign users the minimum set of privileges which they require to do their jobs, according to their roles.

The principle of least privilege prevents the spread of malware on your network. An administrator or superuser with access to a lot of other network resources and infrastructure could potentially end up spreading malware to all those other systems which he gets access to.

Hence, if the organization grants access to a user based upon how high up he is then the organization violates the principle of least privileges.

To learn more about the least privileges here:

brainly.com/question/27034248

#SPJ4

3 0
1 year ago
Suppose the market follows a single index model, where the index has standard deviation of 15%. For a stock with firm-specific r
iogann1982 [59]

Answer:

Explanation:

St deviation of stock σ = √( β² x σ₁² + σ₂² )

σ₁ = standard deviation of market = .15 and σ₂ is standard deviation of firm

Putting the values given

.30 = √ ( β² x .15² + .10² )

.09 =  β² x .0225 + .01

β² x .0225 = .08

β² = 3.5555

β = 1.88

3 0
3 years ago
The types of problems the mne confronts when determining the need for training of its local workforces include determining who s
lukranit [14]
The correct answer is all of the above. Multinational corporations grapple with a diversity of challenges when choosing training programs for their employees. These include choosing a program that is sensitive to the local culture and how to reconcile it with the global nature of the corporation. This also introduces the challenge of who should conduct the training.
8 0
3 years ago
Read 2 more answers
Other questions:
  • Your favorite ice cream travels from the producer, who manufacturers the product, through several other organizations before arr
    9·1 answer
  • The income statement of Sheridan Company for 2020 included the following items:
    13·1 answer
  • In order to determine net cash provided by operating activities, a company must convert net income from an accrual basis to a ca
    10·1 answer
  • The country of Cretonia is the only source of the rare mineral zhytan used in nuclear reactors. The country of Fredonte can prod
    14·1 answer
  • Which describes the process of diagnosing an organization's external and internal environments, including deciding on a vision a
    13·1 answer
  • Is the microbial community in the intestine a key to understanding obesity? To explore this question, scientists conducted anoth
    15·1 answer
  • The process of monitoring activities to ensure that objectives are being accomplished as planned and corrections made where sign
    15·1 answer
  • You are looking for your first credit card. You plan to use this credit card only for emergencies and to pay the credit card bal
    5·1 answer
  • A plaintiff sued a defendant in a patent infringement suit. To sustain his claim, the plaintiff was required to demonstrate the
    14·1 answer
  • What is another name for interest group?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!