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
Arte-miy333 [17]
3 years ago
10

Bumble Bee Co. had taxable income of $7,000, tax depreciation of $5,000, book depreciation of $2,000, and accrued warranty expen

se of $400 on the books although no warranty work was performed. What is Bumble Bee's pretax accounting income?
Business
1 answer:
NeX [460]3 years ago
8 0

Answer:

$9,600

Explanation:

Calculation for Bumble Bee's pretax accounting income

Using this formula

Pretax accounting income=Taxable income-Accrued warranty expense+(Tax depreciation-Book depreciation)

Let plug in the formula

Pretax accounting income=$7,000-$400+($5,000-$2,000)

Pretax accounting income=$7,000-$400+$3,000

Pretax accounting income=$9,600

Therefore Bumble Bee's pretax accounting income will be $9,600

You might be interested in
As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales in
7nadin3 [17]

Answer:

A. bill of lading

Explanation:

The bill of lading is the document that supports the sales invoice as the bil of lading contains the details regarding the shipment and the confirmation with respect to the delivery

So as per the given situation since it is mentioned in the question that for shipping documents the sales invoice should be supported by the bill of lading

hence, the same is to be considered

8 0
3 years ago
When a financial friction is added to the short-run model it: Group of answer choices shifts the MP curve up. shifts the IS curv
Alexeev081 [22]

Answer:

When a financial friction is added to the short-run model it: shifts the MP curve up.

Explanation:

The short-run model, IS/MP model, describes the Investment-Savings/Monetary Policy model used by the US Federal Reserve to decrease the real interest rate through the Federal Funds rate, i.

The Federal Funds rate is the interest rate that commercial banks with excess reserves lend to others in deficit.  The resulting shift occasions a decrease in the real interest rate which triggers an increase in the inflation rate, and vice versa.  With such short-run changes in the interest rate, inflation and output is influenced in desirable directions by the Federal Reserve as a foundation to achieve long-term shifts in the AD-AS model.

The AD-AS model is a long-term model that describes Aggregate Demand and Aggregate Supply which impact long-term inflation, interest rates, and output.

7 0
3 years ago
Hawaiian food would be an example of what type of cuisine?
iragen [17]
Nouvelle cuisine



Hope it helps


Pls mark as brainlist
8 0
3 years ago
A company sells two products with information as follows: ​ A B Sales price per unit $12 $22 Variable cost per unit $10 $10The p
Tanya [424]

Answer:

Option (c) : $80,000

Explanation:

As per the data given in the question,

                                         A        B

Sales price                      $12     $22

Less: Variable cost         $10     $10

Contribution per unit      $2      $10

Time required in hours  0.25    0.50

Contribution per hour     $8      $20

Rank                                 2          1

Company should produce only product B to maximize the contribution.

Total contribution = $20 × 4,000

= $80,000

5 0
3 years ago
The discount rate is the interest rate charged by:_______.
disa [49]

Answer:

B

Explanation:

I believe it is the interest rate the federal reserve uses for loaning to banks. Its the minimal rate, also.

5 0
3 years ago
Other questions:
  • Compton Corporation, with operations throughout the country, will soon allocate corporate overhead to the firm's various respons
    9·1 answer
  • Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insure both cars with t
    6·1 answer
  • Gerry, one of your subordinates, seems to care so much about being liked that he rarely states strong opinions in meetings of yo
    12·1 answer
  • What condition is necessary for a fiat money system to work? customers with checking accounts cannot earn interest on those acco
    5·2 answers
  • Pompeii, Inc., has sales of $53,500, costs of $24,400, depreciation expense of $2,600, and interest expense of $2,350. If the ta
    5·1 answer
  • American president obama enacted a five-year freeze on federal salaries to help the government achieve its objectives of reducin
    15·1 answer
  • Determining the magnitude of possible losses from a premature death can be complicated. the best method is the
    15·1 answer
  • Quincy lives on pretzels and seafood salads. The price of pretzels is 1 dollar per bag and the price of seafood salads is 2 doll
    7·1 answer
  • Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,400,000, with an addit
    15·1 answer
  • The __________ shows how the capital is structured in the business, including the value of assets and the amount the firm owes a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!