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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 following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $ 4,000 $ 2,000 Accounts rece
ICE Princess25 [194]

Answer:

The company's average days to collect receivables is 18.25 days.

Explanation:

For computing the company's average days to collect receivables, first we have to calculate the account receivable turnover ratio. The formula is shown below

Account Receivable Turnover ratio = Net credit Sales ÷ Average accounts receivable

where,

Net credit sales is given

And, the average accounts receivable = (Year 1 + Year 2) ÷ 2

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                                                                = $13,500

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Hence, the company's average days to collect receivables is 18.25 days.

7 0
3 years ago
A "price taker" is a firm that Question 8 options: does not have the ability to control the price of the product it sells. does
Masja [62]

Answer:

Does not have the ability to control the price of the product it sells

Explanation:

A price taker is a firm that doesn't have the ability to control the price of the product they sell.

Price taker exist in a perfectly competitive market where individual firms cannot dictate prices of goods and services.

A perfectly competitive market is characterised by

1) presence of large number of buyers and sellers.

2) There is free entry and exit.

3) Sellers sell homogenous product, that is, identical product.

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3 years ago
The introduction of a union into an industry
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Answer:

Option A (Raises wages and employment in that industry)

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A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.

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2 years ago
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solniwko [45]

Answer:

The risk premium is 4.4%

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The risk premium on any given investment is the difference between the risky investment and the risk free investment and in this case we know treasury bonds are risk free and offer a certain return of coupons because they come from governments rather than the fictional ones like the one from risky investment inc so to find the risk premium we say :

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3 0
3 years ago
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