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algol [13]
3 years ago
12

Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by

$25,000. In addition, book depreciation exceeded tax depreciation by $100,000. Finally, Tuna subtracted a dividends received deduction of $15,000 in computing its current year taxable income. Book equivalent of taxable income is:
Business
1 answer:
MakcuM [25]3 years ago
8 0

Answer:

$985,000

Explanation:

Pretax income = $1,000,000

Increase in net reserve for warranties = $25,000

Exceed in Tax depreciation = $100,000

Subtracted dividends received = $15,000

Therefore,

The Book equivalent taxable income will be calculated as;

= Pretax income - Dividends subtracted

or

The Book equivalent taxable income = $1,000,000 - $15,000

or

The book equivalent taxable income = $985,000

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The correct answer is d

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Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual div
Colt1911 [192]

Answer:

There's an error in the numbers for this question; I found the correct one and pasted it below;

"Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $1.30 per share but all future dividends will be decreased by 2.75 percent annually. What is a share of this stock worth today at a required return of 15.5 percent? "

Explanation:

Use dividend discount model (DDM) to calculate the stock price

P0 = \frac{D0(1+g)}{r-g}

whereby,

P0 = Current price

D0 = Last dividend paid = 130

g = growth rate = -275% or -2.75 as a decimal

r = required return = 155% or 1.55 as a decimal

Next, plug in the numbers to the DDM formula above;

P0 = \frac{1.30(1-0.0275)}{0.155 + 0.0275} \\ \\ = \frac{1.2643}{0.1825} \\ \\ =6.9277

Therefore this stock is worth $6.93

6 0
3 years ago
. What is a great system to manage money and prevent taking too much from one category? Please describe the
Allushta [10]

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4 0
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You're on a social media team for a outdoors brand called Appalachia. They've decided to revitalize their Pinterest account and
Lapatulllka [165]

Inbound marketing is the process of coordinating and facilitating potential customers to find a particular company.

An outdoor brand called Appalachia can revitalize its Pinterest account and engage its customers on the platform by streamlining content creation:

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Learn more about content creation here: brainly.com/question/26476622

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3 0
1 year ago
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est
Ostrovityanka [42]

Answer:

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Explanation:

Computation of the predetermined overhead rate

Using this formula

Predetermined overhead rate=Estimated overhead/Estimated direct labor cost

Let plug in the formula

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Therefore Predetermined overhead rate will be 150%

6 0
3 years ago
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