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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

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A​ monopolist's maximized rate of economic profits is ​$1500 per week. Its weekly output is 500 ​units, and at this output​ rate
goldfiish [28.3K]

Answer:

Average total cost = $39

Marginal revenue = $32 per unit

Explanation:

The computation of average total cost and marginal revenue is shown below:-

Average total cost = Selling price - (Economic profit ÷ Weekly output)

                              = $42 - ($1,500 ÷ 500)

                              = $42 - 3

                              = $39

Marginal revenue = Marginal cost

So,

Marginal revenue = $32 per unit

Therefore for computing the average total cost and marginal revenue we simply applied the above formula.

8 0
3 years ago
Who popularized the garçonne look?
Whitepunk [10]
The 19th century, the Garçonne look became highly popularized, and this was a major milestone in the history of fashion, as well as the history of America. This style came about around the period the 19thAmendment was passed, so women were gaining more recognition within society. The restrain on what was considered appropriate for a woman to wear was significantly reduced. Coco Chanel, rumored to be bisexual, was one of the pioneers of this look. Gay women slowly started to adopt this fashion, wearing pants, jackets and three-style women suits. The fashion industry was also forever affected by this movement, integrating men’s fashion

Coco Chanel popularized the garçonne look
4 0
3 years ago
A company's competitive strategy should _________.
rusak2 [61]

Answer:

B. be well matched to its internal situation and predicated on leveraging its collection of competitively valuable resources and competencies.

Explanation:

A company competitive strategy is either short term or long term strategy that puts a company ahead or above other competitors, thereby giving the company an advantage after examining the strength and weakness of its competitors and comparing them to its own. The strategy contain how to withstand the market’s competitive pressures, attract customers and assist in improving the company’s market position. It includes marketing a product different from that of your competitors after research, getting quality raw materials and labor at cheap prices and so on.

4 0
3 years ago
The financial statements of Flathead Lake Manufacturing Company are shown below. Income Statement 2017 Sales $ 9,300,000 Cost of
kap26 [50]

Answer:

P/E ratio $13.3

Explanation:

P/E Ratio= Share price/Earnings per share

We need to find out earnings per share first

EPS=Net earnings/Weighted average number of shares outstanding

EPS=$225,000/200,000=$1.13

Now we can find out P/E ratio

P/E=$15/1.13

P/E=$13.3

8 0
3 years ago
You are a​ risk-averse investor who is considering investing in one of two economies. The expected return and volatility of all
galben [10]

Answer:

It's best to invest in the second economy

Explanation:

The question does not provide information on the hypothetical economic expectations of the two economies, but as a risk-averse investor, it's a better idea to try to "spread" the risk instead of concentrating it.

In the first economy, conditions might or might not be good. If they are good, returns will be extraordinary because all stocks will provide good returns, but if conditions take a turn for the worse, all stocks prices will fall and the financial consequences will be catastrophic.

In the second economy, results might never be as good as in the first economy, but they also will not ever be as bad. The risk is spread between various stocks, and while some may fall in price, others will rise, and viceversa. For a risk-adverse investor, this a far better option.

3 0
3 years ago
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