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algol [13]
3 years ago
6

Compute the income tax liability for each of the following unrelated C corpo- rations.

Business
1 answer:
Stella [2.4K]3 years ago
6 0

Answer and Explanation:

The computation of the income tax liability for each situation is given below:

a. Tax Liability on Darter Corporation is

= 21% of $68,000

= $14,280  

b. Taxable liability On Owl Corporation is

= 21% of $10,800,000

= $2,268,000

c. Tax liability on On Toucan Corporation, a personal service corporation is

= 21% of $170,000

= $35,700

In this way it should be calculated

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Monica owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided
Vanyuwa [196]

Answer:

Companies must be prepared at all times to add to or adapt their product lines to satisfy the desires of customers for them to remain competitive.

Explanation:

One of the strategies companies to remain competitive is to adjust to the demand of customers. This will allow a company to retain current customers and win potential new customers.

Although this strategy may require additional fund but failure to adapt and add new product lines that satisfy wants of the customers can the company out of business.

Therefore, companies must be prepared to add to or adapt their product lines to satisfy customers' desires in order to remain competitive.

6 0
3 years ago
At best buy they have a 42" TV that sells for $1250 and is on sale 15% and sales tax is 6.5%.What is the final cost?
lys-0071 [83]
First, calculate the discount.

15% of 1250 is 187.5

Then, subtract 187.5 from 1250.
You get 1062.5

Next, to calculate the sales tax. I'm not 100% sure if you're supposed to do this before the discount or after, I'm just assuming after.

Anyway, 

6.5% of 1062.5 is approxamately 69.06.

Add that to 1062.5 to get the final answer of $1131.56
7 0
2 years ago
Suppose that the required reserve ratio is 8.00 %. What is the simple money (deposit) multiplier?
77julia77 [94]

Answer:

12.5

Explanation:

Money multiplier gives the maximum amount money supply can increase to given the reserve ratio

Money multiplier = 1 / r = 1 / 0.08 = 12.5

8 0
3 years ago
Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $95,000. The annual cash inflows for t
Citrus2011 [14]

Answer:

internal rate of return is 20.463%

Explanation:

given data

Year   Cash Flow

1         $48,000

2         $46,000

3          $41,000

equipment cost = $95,000

to find out

Determine the internal rate of return

solution

we consider here  internal rate of return  is x

so we can say present value of inflows = present value of outflows

equate here

$95000 = \frac{48000}{(x)} +\frac{46000}{(x)^2} +\frac{41000}{(x)^3}  

solve it we get

x = 20.463 %

so internal rate of return is 20.463%

5 0
3 years ago
Refer to the following trial balance. ​ Debit Credit Cash $19,000 ​ Accounts Receivable 40,000 ​ Merchandise Inventory 62,000 ​
Kryger [21]

Answer:

The answer is B.

Explanation:

Gross profit is the difference between a company's net sales or total revenue and cost of sales or cost of goods sales.

Sales revenue is $433,000

Cost of Goods Sold is $240,000 ​

Remember that Gross profit is Sales revenue - cost of goods sold.

Sales revenue----------------------------$433,000

Minus: Cost of Goods Sold----------$240,000

Gross profit--------------------------------<u>$193,000</u>

5 0
3 years ago
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