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asambeis [7]
3 years ago
5

Cantlay, Inc., earns pretax book net income of $800,000 in 2019. Cantlay acquires a depreciable asset that year, and first-year

tax depreciation exceeds book depreciation by $80,000. Cantlay reported no other temporary or permanent book-tax differences. The pertinent U.S. Federal corporate income tax rate is 21% and Cantlay earns an after-tax rate of return on capital of 8%. What is Cantlay’s current income tax expense for the year?
Business
1 answer:
RideAnS [48]3 years ago
6 0

Answer:  $151,200

Explanation:

The Tax depreciation exceeds book depreciation so this excess will have to be removed from the income before tax is calculated as it is tax deductible.

Current Income Tax = (Pretax book income - Excess tax depreciation) * Income tax rate

= (800,000 - 80,000) * 21%

= $151,200

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Fill in the blanks with given options:
Scorpion4ik [409]

Answer:

2. a demand curve

Explanation:

4 0
3 years ago
The ability to provide field-level help is often referred to as:
madam [21]
<span>This is often referred to as context-sensitive help. It is help that refers to a single situation and state, and depends on the situation, or 'context', of the circumstances. This is because fields are specialized, and general knowledge is usually not applicable to specific sets of circumstances.</span>
7 0
4 years ago
Third-degree price discrimination for concessions at ball parks is not applied to adults and children because__________.
olga_2 [115]

Because Adults may replace products from children who can buy cheaply.

These levels of price differentiation are also known as individual pricing (tier 1 pricing), product versioning or menu pricing (tier 2 pricing), and group pricing (tier 3 pricing). .

In third-degree price discrimination, different consumer groups charge different prices for the same product. These consumer groups can be identified based on certain characteristics such as age, gender, location and time of use.

Third-class monopoly price discrimination means that monopolists charge different prices for the same product in different markets because the price elasticities of demand differ. Quite common in the market.

Learn more about discrimination at

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6 0
2 years ago
Kim Airedale, a manager of Waggers, Inc., was reviewing the water bills of a dog daycare and spa. She determined that its highes
DIA [1.3K]

Answer:

D. $2.67

Explanation:

On the high-low method we compare the diference between the highest level and lowest level of activity.

highest 500 dogs 3,600 (fixed + variable cost)

less

lowest 200 dogs 2,800 (fixed + variable cost)

300 dogs    800 variable cost

800/300 = variable cost per dog = 2.6666667 = (2 + 2/3) variable cost of water bill

800 x (2 + 2/3) + fixed cost = 3,600

2133,3333 + fixed cost = 3600

fixed cost = 3,600 - 2,133.33 = 1,466.66667

8 0
3 years ago
The capital asset pricing model is used to calculate the effect of increase in prices of capital assets due to inflation.
Mashutka [201]
False is correct answer.

Hope it helped you.

-Charlie
5 0
3 years ago
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