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icang [17]
3 years ago
11

Assume that Clampett, Incorporated, has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,0

00 of dividends. Assume that Clampett, Incorporated, never operated as a C corporation and that the corporate tax rate is 21 percent. What is Clampett, Incorporated's excess net passive income tax
Business
1 answer:
liubo4ka [24]3 years ago
4 0

Answer:

$21,000

Explanation:

Calculation to determine Clampett, Incorporated's excess net passive income tax

Using this formula

Excess net passive income tax = ( Interest income + Dividends ) × Tax rate

Let plug in the formula

Excess net passive income tax = ( $60,000 + $40,000 ) × 0.21

Excess net passive income tax = $21,000

Therefore Clampett, Incorporated's excess net passive income tax will be $21,000

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Plutonic Inc. had $400 million in taxable income for the current year. Plutonic also had an increase in deferred tax liabilities
Sergeu [11.5K]

Answer:

Increase of 130 million

Explanation:

In this question, we are looking to evaluate what has happened to change in deferred tax assets. We proceed as follows;

Firstly, we calculate the current tax.

Mathematically = 40% of 400 million = 40/100 * 400 million = 160 million

Now, as we can see in the question, a decrease in deferred tax asset resulted in an increase in tax expense to a tune of $50 million

This brings the total tax expense to 160 million + 50 million = 210 million

We can see from the question that the company has only recognized a tax expense of $80 million.

This means that the change in deferred tax asset was an increase of 210 million- 80 million = $130 million

8 0
3 years ago
Betsy wants to determine if the types of products advertised on television vary depending on the time of day. Which type of arch
Step2247 [10]

Betsy should employ content analysis type of archival research approach in this scenario.

<h3>Content Analysis</h3>

The existence of particular words, topics, or concepts in a given set of qualitative data can be found by using the research tool of content analysis. The presence, significance, and connections of such specific words, themes, or concepts can be quantified and examined using content analysis. To check for bias or partiality, for instance, academics can assess the language used in a news piece. The meanings included in the texts, as well as their authors, readers, and even the culture and time period in which they were written, can all be inferred by researchers. Almost any instance of communicative language can be used as a source of data, including interviews, open-ended inquiries, field study notes, dialogues, and open-ended questions. For the sake of analysis, a single study may examine numerous textual genres.

Learn more about content analysis here:

brainly.com/question/13248426

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4 0
2 years ago
Alysha Johnson is a manager who communicates effectively, successfully motivates and leads her workers, and allows them leeway i
Alexeev081 [22]

Answer: strategic techniques

Explanation:

Alysha Johnson is a manager who communicates effectively, successfully motivates and leads her workers, and allows them leeway in making decisions. Copeland is said to have good strategic techniques.

Strategic management techniques is necessary for organizations as it helps them plan and also implement projects in a.way that the company's mission and goals.will be achievable. Copeland is utilizing this technique well as he communicates with the workers so that company's goals can be achieved.

8 0
3 years ago
The following are data concerning cash received or paid from various transactions for Orange Peels Corporation: Sale of land $10
vichka [17]

Answer:

A. $190,000

Explanation:

The breakdown analysis of Balance Sheet and Income Statement in terms of Cash in the form of Operating, Investing and Financing activities is known as Cash Flow Statement or the Statement of Cash Flows.

In Investing Activities Cash Flow we simply add Cash Proceeds from the sale of assets and subtract any proceeds from the purchases. The difference between the two is called Cash Flow from investing activities and it how much cash surplus or deficit we have from Investing Activities of Cash.

In the Statement of Cash Flows calculating Net Cash provided by investing activities is simple. Simply add Sale of Land, Sale of Equipment and Issuance of Common Stock. Subtract Purchase of Equipment from it and you will get the Net Cash Flow from Investing Activities.

Payment of Cash Dividend is the Financing Activities item so will not be taken into consideration in Investing Activities Cash flow as follows:

(+) Sale of Land $100,000

(+) Sale of Equipment $50,000

(+) Issuance of Common Stock 70,000

(-) Purchase of Equipment $30,000

NET CASH FLOW from INVESTING ACTIVITIES $190,000

4 0
3 years ago
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?
Ne4ueva [31]
In general, it is true that if the frequency is higher, then you make more money. For example, suppose you have a capital 1$ and the interest rate can be either 50% compunded annually or 25% compounded semiannually (same total interest in a year, different compounding rate). In the first case you get 1.5$ back at the end of the year, while in the second case after 1 semester you have 1.25$. After 2 semesters, you have 1.56$. You cannot make infinite money this way though; you can at most gain a factor of 2.7 by reducing the intervals of compounding.
The correct answer is the highest frequency, namely when the interest is compounded as frequently as possible (as long as the total interest rate is the same).
3 0
3 years ago
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