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Vika [28.1K]
3 years ago
12

Purple Rose Corporation reported pretax book income of $500,000.

Business
1 answer:
Vikentia [17]3 years ago
5 0

Answer: $68,000

Explanation:

Let us assume that we are given a tax rate of 34% to use in computing the question. Therefore, Purple Rose's current income tax expense or benefit will be:

Pre-tax book income = $500,000

Less: Tax depreciation = $300,000

Net Income = $500,000 - $300,000 = $200,000

Current income tax expenses at 34% will then be:

= 34% × Net income

= 34/100 × $200,000

= $68,000

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9. Study Question #9 Ch 7. Evaluate the following statement describing the strategy that East Asia used from the 1970s to the 19
horsena [70]

Answer:

East Asia's accomplishment in accomplishing a high development rate is a miracle.The example of overcoming adversity centers around outside trade,savings of government and above all in teaching young men and young ladies so that by accomplishing high education level they can accomplish high financial growth.East Asia likewise have a high PPP(Purchasing Power Parity)which helped them to accomplish high growth.Countries like China and Japan are putting more in colleges.  

Fare - situated methodology assumes a significant job being developed of East Asia.Many nations like Japan,Taiwan,China moved to send out polocies to cultivate high econmic growth.Of course,open exchange will be a significant development driven motor and the creating nations will considered it as a most significant weapon in accomplishing growth.Thus,industrialisation is a significant rebound for East Asia to accomplish high financial development.  

Therefore,industralisation,openness to trade,educational accomplishment and import-send out approaches helped East Asia to accomplish high econmic development.  

(b)We know the idea of 'theory of unavoidable losses or Total Factor Productivity.It states that at one point including one extra factor of creation brings about a lessening increment in output.For example,if we utilize laborers to fabricate an item then at a specific level the creation is steady and by utilizing more,the yield decreases.So we can say that the given articulation is valid.  

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8 0
3 years ago
On January 1, a company issued and sold a $440,000, 6%, 10-year bond payable, and received proceeds of $434,000. Interest is pay
Harlamova29_29 [7]

Answer:

The carrying value of the bonds immediately after the first interest payment is $434,300.

Explanation:

Face value of the bond = $440,000

Proceeds from bond issue = $434,000

Discount on bond payable = Face value of the bond - Proceeds from bond issue = $440,000 - $434,000 = $6,000

Total number of seminual = Number of years of bond maturity * Number of semiannual in a year = 10 * 2 = 20

Discount amortizaton per semiannual = Discount on bond payable / Total number of seminual = $6,000 / 20 = $300

Carrying value after first interest payment = Proceeds from bond issue + Discount amortizaton per semiannual = $434,000 + $300 = $434,300

Therefore, the carrying value of the bonds immediately after the first interest payment is $434,300.

3 0
2 years ago
I need help please??
IRISSAK [1]

At the Warren Technology center there is constant use of participative counseling towards workers. The company also is in charge of providing health care, dental plan expenses, food bonuses and money bonuses in short periods of 3-4 months. Workers inside Warren Technology enjoy their work; many paid employees affirm that the supervisors and managers are strict but friendly and they enjoy the presence of other workers. Also, participative counseling is mostly used inside the work place. Many employees that work inside the factory have sometimes family issues, things they would like to get off their chest, unresolved issues, etc. So, imposing inside Warren Technology a healthy and active “participative counseling” area, workers can be more productive, be sane, and mentally stabilized. Many workers at Warren Technology are Latinos and Americans. Both cultures differ a lot in terms of family matters, internal relationships, morals, etc. For example: a typical Latino family matters are “We don’t have enough money”, “There are too many people living inside the household”, “The church we go to make us pay a lot of money just to attend a sermon”, “My son/daughter is out of control, they have become rebellious and we need to give them more discipline”, “My mother/father won’t stop nagging”. American culture problems are usually more different. For example: an American will usually say “My wife and I don’t give each other as much love as we used to”, “The kids are all grown up and out of the house”, “I am so depressed and lonely”, “I need a partner”, etc. By providing competent and experienced personnel the workers feel more lifted in spirit, they enjoy their work more, and are glad they have a free service that can listen to their problems and give solemn positive and professional advice. Managers and supervisors from Warren Technology keep their eyes alert to see if any worker may feel down or may be in need of some emotional type of assistance. Once a manager or supervisor notices a pattern that is continuous they send the worker into participative counseling to help with their problems. While counseling the counselors need to make sure not to get too attached to the workers and employees, they need to maintain a distance so they won’t get emotionally attached to the employees that may come in or out of the office very frequently. A security agreement can sometimes be made in order to keep the workers case a secret, for personal records or sometimes it can be sold with the consent of the worker in order to give it to study labs and research facilities. A development plan is made between managers/supervisors and the staff who work as counselors in order to see what the workers need, how to make the job easier for everyone, and most importantly the way to help workers in the most efficient and effective way possible. Feedback mechanisms are also provided but in order to organize problems, projects, etc. Both employees and counselors need to cooperate together in order to make things fair and easier for everyone working inside Warren Technology. The same I myself would like to follow these same processes and procedures just as Warren Technology provide since they are very effective as well as productive and efficient and all the workers are very joyful and happy to work in this particular environment no matter in what department they are supposed to work in.

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3 years ago
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slamgirl [31]
<span>D is the correct answer. Income summary is a sort of "catch-all" account that holds both revenues and expenses before recording them as retained earnings. These will then be rectified at the end of the manual accounting period. If there is a net profit or loss for the business, it will be reflected during the accounting period in the income summary.</span>
6 0
3 years ago
In what way(s) do private loans differ from federal loans? interest rates are based on credit history fewer repayment options co
seraphim [82]

<u>All answers are correct</u><u>  is the correct option .</u>

What is the advantage of federal loans over private loans?

  • Private loans and some credit card interest rates are frequently significantly more expensive than the fixed interest rate. Look up the APRs for federal student loans right now.
  • The interest rate is predetermined and may be significantly less than those for some credit cards and private loans.

What distinguishes private loans from federal loans?

The main distinction between federal and private loans is that federal loans are provided by the government, whereas private loans are provided by banks, credit unions, and other financial institutions.

Learn more about federal loans

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4 0
2 years ago
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