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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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Consider the market for economic textbooks. Explain whether the following event would cause an increase or decrease in supply or
saw5 [17]

Answer:

A. Decrease in supply

B. Increase in quantity supplied.

C. Increase in supply

D. Decrease in supply

Explanation:

If the price of paper increases, the cost of production increases and supply falls.

If the price of economics textbooks increases, the quantity supplied increases in line with the law of supply.

If the number of publishers increase, the supply would increase.

If there are expectations that prices would rise in the future, suppliers would decrease supply now and increase it in the future in order to earn a higher revenue.

I hope my answer helps you

6 0
3 years ago
Interior Airline is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 10% per
Oksanka [162]

Answer:

$10

Explanation:

Interior airline is expected to make a dividend payment of $3

The growth rate of the dividend is 10%

The risk free rate of the return is 4%

The expected return on the market portfolio is 13%

The stock beta of interior airline is 4

The first step is to calculate the cost of equity

r= 4% + 4(13%-4%)

r= 4% + 4(9)

r= 4% + 36

r= 40%

Therefore, the value of the stock using the constant growth DMM can be calculated as follows

Value of the stock= 3/(40/100-10/100)

= 3/(0.4-0.1)

= 3/0.3

= $10

Hence the value of the stock is $10

4 0
3 years ago
Beverly decides to go on a great trip to Hawaii. She needs someone, however, to take care of her two dogs, Creaky and Toady, whi
Gnesinka [82]

Answer:

d. She is discharged from performance because of impossibility of performance.

Explanation:

Alice's refusal to keep Creaky and Toady can be based on fact that She is discharged from performance because of impossibility of performance. Discharge of contract by impossibility of performance usually occurs when the contractual duty cannot be performed due to unforeseen and uncontrollable circumstances, such as death, illness etc, which can lead to the party been released from a contract on the ground that such uncontrollable circumstances have rendered performance impossible.

3 0
4 years ago
Consider the following story: When Joe didn't have renter's insurance, he was very careful not to leave candles lit in his apart
fiasKO [112]

Answer: Moral hazard

Explanation: Moral hazard can be defined as a situation when an individual increases his risk even when he has the option to no to, as he knows that he is insured and the potential loss will be bore by someone else.

In the given case Joe starting taking risk of fire as he knew that if there comes any loss, it will be bore by the insurance company. Hence the economic problem in this theory is Moral hazard .

4 0
3 years ago
The upper-level managers of one world enterprises are meeting for the week to look at the long-term company goals and overall di
oee [108]

Answer:

In this meeting, top managers of one world are <em>doing strategic planning.</em>

Explanation:

In the field of business management, strategic planning can be described as organizational planning in which priorities are discussed, goals are set, operations are strengthened, agreements are made on common goals and agendas and assessment of the different works of the organization are made.

As in the scenario depicted above, the upper-level managers had a meeting with the CEO to discuss future plans and make an assessment of the current works, hence we can say that strategic planning was being done in the meeting.

3 0
3 years ago
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