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
salantis [7]
3 years ago
11

Franklin Corporation just paid taxes of $152,000 on taxable income of $512,000. The marginal tax rate is 35% for the company. Wh

at is the average tax rate for the Franklin Corporation?
Business
1 answer:
fredd [130]3 years ago
4 0

Answer:

29.69%

Explanation:

Franklin corporation just paid taxes of $152,000

The taxable income is $512,000

Therefore, the average tax rate can be calculated as follows.

= Amount of taxes paid/amount of taxable income

= $152,000/$512,000

= 0.2969×100

= 29.69%

Hence the average tax rate for Franklin's corporation is 29.69%

You might be interested in
A perfectly competitive market is initially in long-run competitive equilibrium. each firm in the market is earning zero economi
Simora [160]
The answer to the question you are asking is e
4 0
3 years ago
Telecom Co. enters into a​ two-year contract with a customer to provide wireless service​ (voice and​ data) for​ $40 per month.
Sergio039 [100]

Answer:

The answer is: C) There are two distinct performance obligations: the wireless service and the phone.

Explanation:

Performance obligation refers to a promise made by a company to deliver a good or service to a customer. A series of goods or services that are very similar and are transferred at the same time to a customer can be considered as one single performance obligation.

For example, the voice service and the data service are considered one single wireless service. But the cellphone is totally different so it has to be considered a separate performance obligation.

7 0
3 years ago
Demand curves slope___ because as prices increase and other things remain
GenaCL600 [577]
I think the answer is Downwards;increases
8 0
3 years ago
Anheuser-Busch/InBev Company, Inc., has been given the exclusive right to the name Budweiser and is legally protected from other
vichka [17]

Answer:

trademark

Explanation:

A trademark is a property which is intellectually a sign or a design which helps in the recognition of the product. The design or sign which particularly defines and helps in the identification of a product is said to be a trademark of a product. A trademark can be found on the location of the packaging, label or the product. Legally, it is recognized as intellectual property.

3 0
3 years ago
It is ____ to say that Cold Goose’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annu
stira [4]

Answer:

The answer is "Incorrect and all but one".

Explanation:

It's wrong because it assumes that its millennial generations of Cold Goose through financing activities only at end of Years second and third were equivalent to both the employer payment of its organization to preserved profits, $869,437, and $1,133,180 separately.  It is because transactions including payable accounts are included in everything but several of the items reported in the currently operated.

7 0
3 years ago
Other questions:
  • A master production schedule quantity of 300 units will arrive in week 6. Weekly demand over weeks 3 through 10 is forecasted at
    9·1 answer
  • . A company is authorized to issue 750,000 shares of $5 par value common stock. Prepare journal entries to record the following
    8·1 answer
  • 2. Which of the following statements about money are correct?
    10·2 answers
  • The Analytical Hierarchy Process is used to decide among three projects that we'll call A, B, and C. The total score for project
    9·1 answer
  • 98 points! Please answer 1 sentence or more for each question
    12·2 answers
  • Mintzberg characterized managers' interaction with people both inside and outside of their work units as their _______ roles.
    6·1 answer
  • Nment
    7·2 answers
  • the liability created when supplies are bought on account is called an account payable ,true or false​
    10·1 answer
  • How a researcher knows what is topical within his or her subject and why it is important to know that
    7·1 answer
  • An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling ca
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!