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den301095 [7]
3 years ago
11

Determine income tax expense under the current situation:Taxable income during the year: $220 millionChange in future taxable am

ounts during the year: $16 millionTax rate: 25%.
Business
1 answer:
MatroZZZ [7]3 years ago
7 0

Answer: $51 million

Explanation:

Based on the values given in the question, the income tax expense would be calculated as:

Taxable Income = $220 million

Less : Deferred Income = $16 million

Form the above, we would then calculate the tax expense as:

= 25% × ($220 - $16)

= 25% × $204 million

= 0.25 × $204 million.

= $51 million

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The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling stra
ICE Princess25 [194]

Answer:

The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called  Monte Carlo simulation.

The correct answer is D

Explanation:

Monte Carlo simulation is an idea of taking random samples from a mathematical model that represents a real life situation. It is an approach that attempts to model real world uncertainty into the evaluation of projects.

6 0
3 years ago
A swimming suit originally priced at $89 is marked down to $52. Find the percent of markdown on the original price. Round to the
Blizzard [7]

Answer:

40%

Explanation:

First , we need to know the markdown amount.

This is $89 - $52 = $37

Percentage of this on the original price would be:

37/89 * 100 = 41.57%

Converting this to the nearest tenth of a percent is 40%

8 0
3 years ago
Dma corporation has bonds on the market with 19.5 years to maturity, a ytm of 6.6 percent, and a current price of $1,043. the bo
Sonbull [250]
Given:
<span>bonds on the market with 19.5 years to maturity
</span><span>a yield to maturity of 6.6%,
current price of $1,043
face value of $1,000

YTM = Coupon payment / current price
6.6% = Coupon payment / 1,043
6.6% * 1,043 = Coupon payment
68.838 = coupon payment

Coupon rate = Coupon payment / Face Value
Coupon rate = 68.838 / 1,000
Coupon rate = 0.068838 or 6.88%

The coupon rate of DMA Corporation's bonds is 6.88%. 

Regardless of its price in the market, each bond will have 68.838 annual interest payment or 34.419 semi annual payments.</span>
6 0
4 years ago
In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in
m_a_m_a [10]

Answer: $19,687 million

Explanation:

From the question, we are informed that Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15% and that the 2016 income statement reported income tax expense of $2,953 million.

The amount reported by Microsoft as income before income tax expense that year will be calculated as:

= 2,953 million / 15%

= $19,686.67 million

= $19,687 million

8 0
3 years ago
What are yeezys made out of?
REY [17]
Feminist's tears........
7 0
3 years ago
Read 2 more answers
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