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fomenos
3 years ago
6

On June 30, Cheyenne Corp. discontinued its operations in Mexico. On September 1, Cheyenne disposed of the Mexico facility at a

pretax loss of $625,000. The applicable tax rate is 28%. Show the discontinued operations section of Cheyenne’s statement of comprehensive income.
Business
1 answer:
vazorg [7]3 years ago
4 0

Answer:

net loss is : 450,000

tax = 625,000* 28%= 175,000

Explanation:

discontinued operation: in this case , gain or loss always be shown net of taxes in the income statement

total loss = 625,000

net taxes = 175,000

net loss= 625,000-175,000= 450,000

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You have just determined that the actual number of workstations that will be used on an assembly line is 6, using assembly line
Artyom0805 [142]

Answer:

The assembly line efficiency is 4.17% (to 2 decimal places)

Explanation:

Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:

Assembly line efficiency = (actual output) /(required output) × 100

actual output = 25 minutes

if 5 minutes = 1 unit

∴ 25 minutes = 1/5 × 25 = 5 units

∴ actual output = 5 units

required output = 120 units

∴ efficiency = \frac{5}{120} *100

= 4.17%

5 0
3 years ago
The sale of turkeys in the United States is highest in mid- to late November, as people buy turkeys to serve at Thanksgiving. Gr
Vilka [71]

Answer:

Occasion

Explanation:

Segmenting: It is a marketing technique of dividing the marketplace into different segment to implement any marketing plan or introducing new product. These segments should be defined, accessible, actionable and profitable.

There are four type of market segmentation:

  • Demographic
  • Pshychographic.
  • Behavioral.
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Occasion segmentation is one of the way of behavioral segmentation as few market are segmented on the basis of specific occasion and product need to be introduced as per the need of the occassion as it uses customer buying behavior on the particular occasion. Similarly, in the case given the sale of turkey in US increases on the eve of Thanksgiving.

8 0
3 years ago
A note payable was issued in payment for services received. The services had a fair value less than the face amount of the note
Leokris [45]

Answer:

The note payable will be presented in the financial statement at the face amount minus a discount calculated at the imputed interest rate.

Explanation:

The imputed rate is the rate at which the present value of the face amount of the note will be equal to the amount at which it is originally recorded.  

Notes issued or received in exchange for goods or services that do not bear interest at a fair rate are reported at an amount equal to the fair value of the note, the fair value of the goods or services, or the present value of the note using a fair interest rate, whichever is more readily determinable.  

The difference between the recorded amount and the face value is considered a discount and the applicable interest rate regardless of which method is used to value the note.

Because of this, the note is reported at its face amount minus a discount calculated at the imputed interest rate.

3 0
3 years ago
As a result of the seizing up of the capital markets in 2008, and the shutting down of the CMBS market specifically, life insura
SCORPION-xisa [38]

Answer:

The statement given is TRUE:

Explanation: Most of CBMS left in 2008, there was vacuum that was left. Banks just decided to clean up their balance sheets, and did not participate. The life insurance companies took advantage of this period and increased their origination and thus increased the lending to this sector where there was a huge vacuum.

6 0
3 years ago
A customer sells short 100 shares of ABC stock at $30 as an initial transaction in a margin account. The customer must deposit:
Ber [7]

Answer:

The best answer is C.

Explanation:

Regulation T initial margin to short stock is 50% of $3,000 = $1,500. However, since this is a new account, it must meet the minimum initial margin of $2,000 needed to open an account. Therefore, $2,000 must be deposited.

4 0
3 years ago
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