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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

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Which scenario is not a violation of your rights as a debtor?
mars1129 [50]

A scenario that does not describe your rights being violated as a debtor is A. A debt collector calls you every hour between 8 a.m. and 3 p.m.

<h3>What are debt collectors allowed to do?</h3>

Debt collectors are allowed to call you during the daytime from 8 am to 3 pm.

They cannot however call you before 8 am or after 9 pm without your consent as these would be very inconvienient hours. Also, they can't call you at work.

In conclusion, option A is correct.

Find out more on debt collectors at brainly.com/question/25919625.

3 0
2 years ago
As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she
crimeas [40]

Answer:

negotiator

Explanation:

According to my research on different management roles and responsibilities, I can say that based on the information provided within the question Leah is playing the negotiator role. This is the act of bargaining in order to obtain the best possible outcome in a certain scenario. Like what Leah is doing in order to get the best price for certain products.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Read 2 more answers
The best definition of a financial restatement is:________.
gulaghasi [49]
The correct answer is A
3 0
3 years ago
A physical count of merchandise inventory on November 30 reveals that there are 82 units on hand. Assuming that the specific ide
sattari [20]

After computing the cost of inventory that was sold, The Cost of Goods sold is given as $1,334.30.

<h3 /><h3>The calculations related to the exercise are as follows:</h3>

From the information provided (see full question attached),

Inventory at hand as at November 1:

  • there are 29 Units of Inventory at the cost of $5.90 dollars each.

Purchases:

  • 118 units are purchased at $6.30 dollars each;
  • 59 units are purchased at $6.15 dollars each; and
  • 88 units are bought at $6.50 dollars each.

If at the end of the period there are 25 units each form the purchases above and 7 from the existing inventory as at Nov. 1st, then the cost of goods sold is:


((29-7) X 5.9) +((118-25) x 6.3) + ((59-25) x 6.15) + ((88-25) x 6.5))

= $1,334.30

Learn more about Inventory at:
brainly.com/question/24868116

5 0
2 years ago
Velco purchased a delivery truck at the beginning of Year 1 at a cost of $60,000. The truck is estimated to have a useful life t
Alenkinab [10]

Answer:

$10,000

Explanation:

Depreciation of an asset is the systematic allocation of estimated cost to an asset over time. It is added over the years to get the accumulated depreciation that is netted off the cost to get the net book value.

It is given as

Depreciation = (Cost - Salvage value)/Estimated useful life

Depreciation expense for Year 1 (the first year of the asset's life) under the straight-line method would be

= ( $60,000 - $10,000 ) / 5

= $50,000/5

= $10,000

5 0
3 years ago
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