Answer:
Mathis Co.
The Tax payable for 2020 is:
= $1,320,000
Explanation:
a) Data and Calculations:
2020 Financial income = $1,200,000
add Litigation expense 3,000,000
add installment sales 2,400,000
Adjusted taxable income $6,600,000
Income tax rate = 20%
Tax payable for 2020 = $1,320,000
b) The litigation expense was deducted from the financial income. This is added back to the income. Installment sales were not included in the revenue for the financial income of 2020. This is also added to the financial income. The net result is the figure for taxable income. This forms the basis for the application of the income tax rate of 20%.
My theory is- The job in which few are employed maybe the job doesn’t have a high demand therefore more people would not want to work for it compared the job that maybe has a high demand would most likely to have more openings.
Having a job not only helps people to earn money to live day by day but also have some benefits in the personal and emotional aspect.
Answer:
It's the end of the world Economy as they say .. we are going threw a serious crisis but this virus was been around just wasn't as bad .
Explanation:
Answer:
The correct answer is the option D: All of the other answers are correct.
Explanation:
To begin with, the fact that it is not reasonable to think in short periods of time when it comes to business management is because basically the short term earnings can be very subjective principally depending on how the company define it, being the accounting and the economic ways of doing it very different and impacting differently as well on the company's way of thinking. Moreover, a company's primary focus must always be on the long run due to the timing that the benefits really impact in the company's accounts and therefore in the pocket of the shareholders or owners.
