Answer:
Dental Drilling Company's Income Statement for the year shows Net Income of $56,000.
Please note that:
- figures in bracket represent negative values
- solution in excel format is attached for your reference
Explanation:
Dental Drilling Company
Income Statement
Sales $489,000
Less: Cost of Goods Sold $(156,000)
Gross Profit $333,000
Less: Expenses
Selling and Administrative Expenses $(112,000)
Depreciation Expenses $(73,000)
Earnings before Interest and Tax $148,000
Less: Interest Expense $(45,000)
Earnings Before Tax $103,000
Taxes $(47,000)
Net Income $56,000
A single tax rate applied to an entire base is known as a(n) tax. When the base is divided into a series of monetary amounts, or brackets, and each bracket is taxed at a different rate, this system is known as a <u>Graduated Income Tax .</u>
Explanation:
- In a <u>graduated income tax </u>,the tax rates varies as the income changes.The opposite of gradual income tax is <u>Flat tax</u> (where all the incomes are taxed under the same rate).
- In United State the federal Government uses <u>Progressive Graduated Income tax,in which the tax rate increase as the taxable amount increases</u>
Communication.
Communication is the exchange of information (written/verbal/non-verbal)
Answer:
A). bring the total price of an apartment (including the bribe) closer to the equilibrium price.
Explanation:
Rent control can be regarded as a program set up by the government which control the limit of amount that can be demanded by landlords for leasing out a home as well as renewal of a lease. The law that govern rent control are been enacted by municipalities, and it's a way to make lower-income residents have an affordable living cost. It should be noted that Under rent control, bribery is a potential mechanism to bring the total price of an apartment (including the bribe) closer to the equilibrium price.
<span>The internal growth rate is retained earning( $0.17n) divided by Total Assets($.067n). Note that their will be a 20% cut from the equation $.17n so make sure to take out 20% from that value before dividing by Total Assets. The final equations are
.017n x .017n(.2) = Earnings to Stakeholders or E
.017n - E = Retained Earnings or R
R/.067n = Internal Growth Rate</span>