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3 years ago

5

Acompany that is rated by both product and function is using organization B Hierarchia C. Marked Please select the best answer f

rom the choices provided

1 answer:

Tems11 [23]3 years ago

7 0

Answer:

Matrix

Explanation:

Quizlet

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Tanner, Inc. incurred a financial and taxable loss for 2018. Tanner therefore decided to use the carryback provisions as it had

inessss [21]

Answer:

The refund claimed should be shown as a benefit due to loss carryback in 2018.

Explanation:

Since Tanner, Inc. incurred a financial and taxable loss for 2018. and decided to use the carryback provisions as it had been profitable up to this year, the amounts related to the carryback should be reported in the 2018 financial statements as a benefit due.

Tax loss carryback is when a corporation <u>retrospectively adjusts its tax returns for prior periods</u> if it incurs a net operating loss (NOL) in current period.

The loss carryback <u>generates a tax refund</u> for the business because it reduces previous year tax liability. After the carried back loss is applied, it will be <u>as though the business overpaid taxes the previous year; which will now be shown as a benefit in the current year</u>

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3 years ago

Julie has a solid work history and wants to apply for a job within her career field. What is the best type of resume for her to

Evgen [1.6K]

It would be,
<span>chronological</span>

7 0

3 years ago

Read 2 more answers

Calculate the required rate of return for Mercury Inc., assuming that investors expect a 5% rate of inflation in the future. The

My name is Ann [436]

Answer:

Option C is correct.

<u>The required rate of return for Mercury Inc., assuming that investors expect a 5% rate of inflation in the future is 18%.</u>

Explanation:

Real risk free rate = 3%

Inflation Premium = 5%

Nominal risk free rate Rf = Real risk free rate + Inflation Premium = 3% + 5% = 8%

Market risk premium (Rm –Rf) = 5%

Beta = 2

As per CAPM, required rate of return = Rf + beta * (Rm – Rf) = 8% + 2 * 5% = 18%

8 0

4 years ago

In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do

nekit [7.7K]

Answer:

4. Amend the articles of incorporation.

Explanation:

The articles of incorporation is the document of incorporation prepared by the promoters a corporation which provide general information about the corporation submitted to their home state to get the entity incorporated.

The Board of Directors of a corporation has no power to amend the articles of incorporation but must followed some procedure before it can be amended. However, it needs the vote of majority of the directors before the proposal can be submitted to Secretary of State

5 0

3 years ago

National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature o

Jobisdone [24]

Answer:

The price of the bonds $483,841.97

Journal entry:

Dr cash $483,841.97

Dr discount on bonds payable $16,158.03

Cr bonds payable $500,000.00

Explanation:

Using a financial calculator, we determine the bond price by using the following inputs:

N=8(number of semiannual coupons in 4 years=4*2=8)

PMT=22500 (semiannual coupon=face value*coupon rate*6/12= $500,000*9%*6/12=$22,500)

I/Y=5(semiannual yield=10%%*6/12=5%)

FV=500000( the face value is $600,000)

CPT PV=$483,841.97

Bond discount=face value-bond price

Bond discount=$500,000-$483,841.97

Bond discount=$16,158.03

The double entries are to debit cash and discount on bonds payable with $483,841.97 and $16,158.03 respectively while bonds payable is credited with the face value of $500,000

8 0

3 years ago