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Mama L [17]
2 years ago
9

"A corporation has annual sales of​ $18 million, total assets of​ $4 million, a debt ratio of​ 40%, depreciation expense of​ $20

0,000, and a tax rate of​ 40%. The​ corporation's total​ stockholders' equity is equal to"
Business
1 answer:
oee [108]2 years ago
6 0

Answer:

$2.4 million

Explanation:

The total assets of the firm are funded by both debt and equity,hence, the total assets is the same as total equity plus total debt based on the accounting equation formula below:

total assets=equity+debt

tota assets=$4 million

equity=unknown

debt can be  derived using the debt ratio as shown thus:

debt ratio=debt/total assets

debt ratio=40%

debt=unknown

total assets=$4 million

40%=debt/$ 4 million

debt=40%*$4 million

debt=$1.6 million

$4 million=equity+$1.6 million

equity=$4 million-$1.6 million

equity =$2.4 million

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What is the taxable amount of social security income reported on the tax return if a single taxpayer's income included only $9,4
maw [93]

Answer:

$0

Explanation:

If an individual's total income (including Social security benefits + all other types of income) is less than $25,000, or $32,000 for married couples, then he/she will not have to pay any taxes on their Social Security benefits. Only if total income is higher than the current thresholds, should Social Security benefits be taxed. Depending of the individual's total income, between 50-85% of Social Security benefits must be taxed at the individual's tax bracket.

6 0
3 years ago
A number of factors influence the sample size for a substantive test of details of an account balance. All other factors being e
umka2103 [35]

Answer: D. Smaller measure of tolerable misstatement.

Explanation:

The sample size simply means the number of participants that are included in a study. They're the group of subjects which are picked and selected from the population and represents the general population for that study.

From the options given, it should be noted that a smaller measure of tolerable misstatement will lead to a larger sample size.

8 0
3 years ago
Southern Markets has sales of $78,400, net income of $2,400, costs of goods sold of $43,100, and depreciation of $6,800. What is
Helen [10]

Answer:

36.35%

Explanation:

According to the scenario, computation of the given data are as follows,

Sales = $78,400

Net income = $2,400

Cost of goods sodl = $43,100

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So, we can calculate the EBIT value by using following formula:

= EBIT ÷ Sales

= ($78,400  - $43,100 - $6,800) ÷ ($78,400)

= $28,500 ÷ $78,400

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Hence, the common-size statement value of EBIT is 36.35%

3 0
2 years ago
Why would a firm spend over 2 million dollars for a 30-second ad on a television during the super bowl
KatRina [158]

Answer:

cause many people will see it

Explanation:

becoz many pipo will be watching TV during that time that's why it costed that much coz many will see it

7 0
3 years ago
Read 2 more answers
Plz plz plz plz help me !!!!!!!
monitta

3. I would want the elected representative to support this. If there is a tax on clothing coming in then it would be more expensive and less people will buy it.

6.  I wouldn't want the elected representative to support this. This would eliminate entry barriers and price controls, which would most likely make the trucking company that my factory uses to transport prices' go up.

I don't know the rest

6 0
2 years ago
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