1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
prohojiy [21]
3 years ago
14

Wilcox Corporation reported the following results for its first three years of operation: 2020 income (before income taxes): $30

0,000 2021 loss (before income taxes): $(2,700,000) 2022 income (before income taxes): $3,000,000 There were no permanent or temporary differences during these three years. Assume a corporate tax rate of 20% for 2020 and 2021, and 30% for 2022. Assuming that Wilcox elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2021
Business
1 answer:
inysia [295]3 years ago
8 0

Answer:

$1,890,000

Explanation:

Calculation to determine what income (loss) is reported in 2021

2021 Reported Income loss=[$2,700,000-($2,700,000 × 30%)]

2021 Reported Income loss=($2,700,000-$810,000)

2021 Reported Income loss=$1,890,000

Therefore the income (loss) that is reported in 2021 will be $1,890,000

You might be interested in
Fixed costs may be relevant in a decision.<br> A. True<br> B. False
zhuklara [117]

Answer:

A. True

Explanation:

Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities etc.

Fixed costs may be relevant in a decision because it affects the amount of future cash-flow of a business entity.

For instance, the high fixed costs are usually a determinant for pricing a product that aren't produced in mass because to break even, businesses would need to rake in more revenues to meet the the increasing (high) fixed costs.

5 0
3 years ago
New york city, london, and tokyo are examples of ______ financial centers because of their fiscal transparency and strict tax po
jenyasd209 [6]

New York City, London, and Tokyo are examples of on-shore financial centers because of their fiscal transparency and strict tax policies.

What is the meaning of financial center?

A financial hub, often referred to as a financial center by the International Monetary Fund (IMF), is a city or region that serves as the headquarters for numerous different financial services organizations. With the use of the metaphorical term "hub," the financial services sector is compared to a wheel with a hub and spokes.

Which city is the financial centre of the world?

With the NASDAQ and the New York Stock Exchange, the two biggest stock exchanges in the world, New York is once again in the lead. London comes in second, bruised but unfazed by the aftershocks of Brexit. In the most recent rankings, Shanghai passed Tokyo to take third place worldwide.

Learn more about financial center: brainly.com/question/2338104

#SPJ4

4 0
2 years ago
PART A. MULTIPLE CHOICE - 15 MARKS
I am Lyosha [343]

Answer: a. Economic factors

Explanation:

Company orientation refers to training that is given to new employees to better prepare them to work in the company and be as efficient as possible.

It includes things like occupational health and safety so that the employee may know how best to behave so as not to cause accident or get injured by one. It also includes telling the employees of the various fringe benefits that might accrue to them.

It would not include economic factors as these as not specific to the company.

7 0
3 years ago
Down and Out Co. operates an executive placement service for corporate executives displaced by corporate restructuring. Its mont
lbvjy [14]

Answer:

The average cost at a caseload of 25 attempted placements per month is 105.

Explanation:

The total cost function given in the question first correctly stated as follows:

TC = 25Q^1/2 + 2,500 ................ (1)

A caseload of 25 attempted placements implies that:

Q = 25

Substitute Q = 25 into equation (1), we have:

TC = (25 * 25^(1/2)) + 2,500 = 2,625

The average cost (AC) can now be calculated as follows:

AC = TC / Q = 2,625 / 25 = 105

Therefore, the average cost at a caseload of 25 attempted placements per month is 105.

5 0
3 years ago
In A Knight's Tale, three friends are deciding what to do with 15 silver coins they won in a jousting tournament. They can spend
kondaur [170]

Answers:

Correct answer:

1. Investment

2. Trade-off of present for future benefit

Incorrect answers:

1. The only possible decision

2. The consumption of consumer goods.

3 0
3 years ago
Other questions:
  • A credit card issuer charges an APR of 15.77%, and its billing cycle is 30 days long. What is its periodic interest rate?
    8·2 answers
  • Credit unions are not subject to federal regulations.<br> T/F
    10·2 answers
  • Tool Makers, Inc. make garden rakes extremely well and of the best quality in the industry. Their rakes are difficult to copy, a
    11·1 answer
  • A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15 million with $2 million consi
    7·1 answer
  • What does COBRA status allow you to do?
    5·1 answer
  • Help please: Free rein leaders can be described as ____
    11·1 answer
  • The Converting Department of Soft Touch Towel and Tissue Company had 760 units in work in process at the beginning of the period
    15·1 answer
  • Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
    7·1 answer
  • Melanie's country has recently gone through a change in governance. The new government has enacted policies to reduce barriers t
    8·1 answer
  • Al manages both Brown River Apartments and Orange Acres Condominiums. These complexes are not owned by the same person. In this
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!