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nydimaria [60]
3 years ago
8

Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss w

ere (a) a penalty of $5 million assessed by the Environmental Protection Agency for violation of a federal law and paid in 2021 and (b) an estimated loss of $12 million from accruing a loss contingency. The loss will be tax deductible when paid in 2022. The enacted tax rate is 25%. There were no tem
Business
1 answer:
Brums [2.3K]3 years ago
4 0

Answer: Hello your question is incomplete attached below is the complete question

answer:

1) attached below

2) Net operating income ( loss )  = - $104 million

Explanation:

Pretax operating loss = - $137 million

Non deductible Losses ; $5 million fine paid in 2021 ,

estimated $12 million loss from contingency that will be tax deductible in 2022

Enacted tax rate = 25%

Taxable operating income = - $120 million

attached below is the solution

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For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $2,060,000 $4,019,000 $4,085,00
Andrej [43]

Answer:

Investment centre           ROI

1                                    24.9%

II                                   32.0%

III                                 34.0%

Explanation:

<em>Return on Investment is the proportion of operating assets that an investment center earned as as net operating income. </em>

It is calculated as follows

ROI = operating income/operating assets

Investment centre

I                                            1,267,000/5,068,000=24.9%

II                                              2,579,840/8,062,000=32.0%

III                                          4,137,800/12,170,000=34.0%

7 0
3 years ago
As prosperity and economic development rise, ________ increases as well.
crimeas [40]
As prosperity and economic development rise, individualism increases as well.

Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual. 
4 0
4 years ago
Major federal eeo laws have been enacted to prevent discrimination against groups of workers most often affected by unfair emplo
mr Goodwill [35]

Major federal EEO laws have been enacted to prevent discrimination against groups of workers most often affected by unfair employment practices. these groups are referred to as  protected classes.

<h3>What is federal EEO laws ?</h3>

The U.S. Equal Employment Opportunity Commission (EEOC)  can be described as the law that help to  guide against the illegal things with regards to the  discriminatation in  job applicant or an employee.

It should be noted that Major federal EEO laws have been enacted to prevent discrimination against groups of workers most often affected by unfair employment practices. these groups are referred to as  protected classes.

Learn more about federal laws at:

brainly.com/question/12486518

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5 0
1 year ago
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Answer:

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R = ($48,000/$120,000) x $200,000

=0.4×$200,000

= $80,000

S = $200,000-$50,000-$80,000

= $70,000

Therefore the sales value at split-off for products R is $80,000 and S $70,000

6 0
3 years ago
Executives at Southwestern Construction have noticed that the company's construction team in the Phoenix office is more efficien
zimovet [89]

Answer:

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