Partnership business can't be successful without mutual understanding?

Marlin Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased

jeyben [28]

Answer:

b. $233,100 tax expense

Explanation:

The computation of the current income tax expense or benefit is shown below:

But before that first we have to need to find out the taxable income i.e

= Pretak book income + increase in net reserve warranties + exceeded amount - dividend deduction

= $1,000,000 + $25,000 + $100,000 - $15,000

= $1,110,000

Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%

So,

= $1,110,000 ×21%

= $233,100

By multiplying the taxable income with the tax rate we can get the income tax expense

7 0

3 years ago

The following information is available regarding John Smith's capital account in Technology Consulting Group, a general partners

bekas [8.4K]

Answer:

32.35%

Explanation:

Calculation for What is Smith's partner return on equity during the year in question

First step is to calculate the Ending partner equity

Ending partner equity = $32,000 + $11,000 - $7,000

Ending partner equity = $36,000

Now let calculate the partner return on equity

Partner return on equity= $11,000 / (($32,000 + $36,000)/2)

Partner return on equity= $11,000/($68,000/2)

Partner return on equity= $11,000/$34,000

Partner return on equity= 32.35%

Therefore Smith's partner return on equity during the year in question will be 32.35%

7 0

3 years ago

__________ segmentation is the most common basis of consumer market segmentation because these segments are easy to define and u

Law Incorporation [45]

Answer:

a. Demographic

Explanation:

In demographic segmentation market is segmented on the basis of variables like age, gender, family size, marital status, occupation, religion, income, employment etc.

Therefore, Demographic segmentation is the most common basis of consumer market segmentation because these segments are easy to define and usually easy to reach.

4 0

3 years ago

TEME is a manufacturer of toy construction equipment. If it pays out all of its earnings as dividends, it will have earnings of

Virty [35]

Answer:

$8.078 million

Explanation:

we must use the same time periods, so instead of using an annual discount rate, we should use a quarterly rate:

effective quarterly interest = (1 + 0.16)¹/⁴ - 1 = 0.0378 = 3.78%

dividends per quarter = 0.3 million + 0.05 million = $0.35 million

terminal value of firm in quarter 4 = 0.35 / 0.0378 = $9.26 million

present value of terminal value = $9.26 / (1.0378)⁴ = $7.983 million

present value of 4 quarterly dividends = $0.3 x 3.64879 (PVIFA, 3.78%, 4 periods) = $1.095 million

NPV = -$1 + $1.095 + $7.983 = $8.078 million

4 0

3 years ago

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A critical first step in the initiating phase of a project is to conduct a needs analysis, which:____________.A. identifies the

kobusy [5.1K]

Answer: D. identifies the problems or desires that the project must resolve or address.

Explanation:

A critical first step in the initiating phase of a project is to conduct a needs analysis, which: identifies the problems or desires that the project must resolve or address.

The product must perform to provide the functionality expected, solve the identified problem, and deliver the benefit and value wanted.

5 0

3 years ago

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Partnership business can't be successful without mutual understanding?​

Partnership business can't be successful without mutual understanding?