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
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

You might be interested in
The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expec
RUDIKE [14]

Answer:

(A) ​4.8 months

Explanation:

After the expiration of a lease, a maximum of one third allowance is usually given.

Therefore, The expected vacancy at the end of this lease can be calculated as follows:

The expected vacancy = 60% × 12 × (2 ÷ 3) = 4.8 months

Therefore, the expected vacancy at the end of the lease is 4.8 months.

6 0
4 years ago
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and ca
nikdorinn [45]

Answer:

A) Country 1's PPF lies further to the right than country 2's PPF.

Explanation:

Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.

If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF.  As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.

Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.

7 0
3 years ago
Explain how banks have transformed their commercial lending business from asset transformation to brokerage services
faltersainse [42]

Asset transformation by financial intermediaries is the purchase of a primary asset or securities and their transformation into other assets in terms of risk and maturity.

A type of transformation where banks use deposits (mobilized funds) to generate income by pooling deposits to provide loans. More precisely, asset transformation is the process of converting bank liabilities (deposits) into bank assets (loans). Deposits are inherently subject to withdrawal by customers (depositors) at any time or as set out in the deposit contract/agreement. Loans are bank assets because they represent money that the bank lends and expects to receive back in the form of repayment of principal and interest. As such, banks perform asset transformation by providing long-term and short-term loans, with the interest differential being their transformation returns. Banks and other financial institutions usually perform asset transformation by offering their customers various financial products on both sides of the balance sheet, such as deposits, investment and loan products, etc.

Learn more about risk and maturity.

brainly.com/question/20715710

6 0
2 years ago
Classical economist David Hume observed that as the money supply expanded after gold discoveries it took some time for prices to
Alchen [17]

Answer:

a. the prices should have risen, but production should not have changed.

Explanation:

In the case when the money supply is expanded after considering the discoveries of gold so here the prices are increased due to which the economy as the higher employment and the production level. But it is not consistent with the monetary neutrality as the prices are increased but the production level remain same or unchanged

5 0
3 years ago
Scottsdale Manufacturing is organized into two divisions: Fabrication and Assembly. Components transferred between the two divis
Sindrei [870]

Answer:

1. The firm does not have excess capacity.

Minimum transfer price on full capacity = Variable Cost + Contribution to be Lost

Minimum transfer price on full capacity = $360 + ($600 - $360)

Minimum transfer price on full capacity = $360 + $240

Minimum transfer price on full capacity = $600

Transfer Price = $600 per Unit (Market price per unit).

2. The firm does have excess capacity. Minimum transfer price on excess capacity = $360 per Unit (Standard Variable Manufacturing cost per unit).

5 0
3 years ago
Other questions:
  • In one year, the Hotel by the Shore incurred $100,000 in fixed costs. Because the hotel booked 10,000 room nights, its total var
    14·1 answer
  • Consider nominal GDP is 1500 and the money supply is 400. Instructions: Enter numerical values to two decimal places. a) What is
    6·1 answer
  • The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs th
    15·1 answer
  • It is the end of the year but not the end of the pay period. How will this affect the balance sheet?
    14·1 answer
  • Why are savings tools ideal for storing emergency savings? identify at least two reasons. (2 points?
    10·1 answer
  • Price in a perfectly competitive industry: Select one:_____
    14·1 answer
  • The resources owned by firms that shut down in the process of creative destruction:
    6·1 answer
  • During the new employee orientation, the training officer meets with the new EMTs and explains to them the monthly training sche
    15·1 answer
  • Which of the following is not one of the competitive forces included in the competitive forces​ model?
    13·1 answer
  • Milliken Company paid $2.2 million to purchase stock in another company, $1.0 million to repurchase treasury shares, $0.5 millio
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!