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3 years ago

Taxable income of a corporation

Business

1 answer:

kobusy [5.1K]3 years ago

6 0

Answer:

Option b. Differs from accounting income due to differences in interperiod allocation and

permanent differences between the two methods of income determination.

Explanation:

Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.

A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.

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If psychologists find that rich people are less satisfied with their jobs compared to poor people, this would mean that wealth a

dybincka [34]

Answer:

negatively correlated

Explanation:

Variables are negatively correlated if an increase in one variable causes a decrease in the other variable. Negative correlation usually has a value of -1.

The psychologists found that rich people are less satisfied with their jobs compared to poor people, so as one's wealth increases, job satisfaction decreases. This shows that wealth and job sanctification are negatively correlated.

Variables are positively correlated if an increase in one variable causes a increase in the other variable. Negative correlation usually has a value of +1.

If wealth and job satisfaction were positively correlated, rich people would have more job satisfaction when compared to poor people

8 0

3 years ago

stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The requ

USPshnik [31]

Answer:

The stock price 5 years from now will be 44.46

Explanation:

The stock price will increase like compound interest at the same rate as the dividends.

$Stock(1+ g)^{time} = Amount$

Stock 35.25

time 5

dividend grow rate 0.0475

$35.25 (1+ 0.0475)^{5} = Amount$

Amount 44.45588696

The stock price 5 years from now will be 44.46

Reasoning:

In five years, if we calcualte the gordon dividend growth model:

$\frac{divends_{year5}}{return-growth} = Intrinsic \: Value$

and year 5 dividends would be:

$Dividend\: (1+ g)^{5} = Divends_{year5}$

$\frac{Dividend\: (1+ g)^{5}}{return-growth} = Intrinsic \: Value$

we can arrange the formula like this:

$\frac{Dividend}{return-growth} \times (1+ g)^{5}= Intrinsic \: Value$

The first part is the current stock price so our formula is confirmed.

$$Market Value Today \times (1+ g)^{5}= Intrinsic \: Value$

6 0

3 years ago

Preparing a Selling and Administrative Expenses Budget Fazel Company makes and sells paper products. In the coming year, Fazel e

Verdich [7]

Solution and Explanation:

The following is the selling and administrative expense structure of the Fazel company for the year. According to the given information and the data:

The Variable selling expenses (19730000* 3%) 591900

The Fixed Expenses

The Salaries expense 960000

The Utilities expense 365000

The Office space expense 230000

The Advertising expense 1200000

The Total Fixed expense 2755000

The Total selling & admin Expense 3346900

Note: the variable expense is calculated by multiplying the total sales given in the question with the percentage of the commission given

5 0

3 years ago

Your health club is offering a free one-year membership for the person who attends the most yoga classes in March. This results

nalin [4]

Answer:

The economic principle is "people usually exploit opportunities to make themselves better off".

Explanation:

Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.

So, there is an opportunity for every individual to get a free one year membership. So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, this will tend every individual to grab and exploit that opportunity to make themselves better off.

Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".

4 0

3 years ago

On september 1, 2018, fortune magazine sold 660 one-year subscriptions for $74 each. the total amount received was credited to d

Dafna1 [17]

The Company recorded 660 x 74 = $48,840 in deferred revenue. This is a liability account that means they still owe the service or good which they have been paid for.
Every month, the company records an adjusting entry, recognizing one twelfth of the 48,840, 4,070, because they have earned another month of that deferred revenue by providing the magazine.
The journal entry on December 31, 2018, will be
Deferred Revenue 4,070
Revenue (4,070)
If this is the first time they've made the entry, then they will recognize earned revenue for Sep, Oct, Nov and Dec,
Deferred Revenue 16,280
Revenue (16,280)

3 0

3 years ago