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Vesnalui [34]
3 years ago
14

In fiscal 2016, Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The 2016 in

come statement reported income tax expense of $2,953 million. What did Microsoft report as income before income tax expense that year?
What did Microsoft report as income before income tax expense that year?

a. $14,826 million
b. $19,687 million
c. $27,054 million
d. $ 7,571 million
e. None of the above
Business
1 answer:
m_a_m_a [10]3 years ago
8 0

Answer: $19,687 million

Explanation:

From the question, we are informed that Microsoft Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15% and that the 2016 income statement reported income tax expense of $2,953 million.

The amount reported by Microsoft as income before income tax expense that year will be calculated as:

= 2,953 million / 15%

= $19,686.67 million

= $19,687 million

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It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
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The fixed cost of conducting the four promotions is estimated to be 18000 dollars with a variable cost of 3.75 dollars per custo
mote1985 [20]

Answer:please refer to the explanation section

Explanation:

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Minimum Customers Required = 18000/6 - 3.75 = 8000

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4 0
3 years ago
The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often roll
maks197457 [2]

Answer:

A. True

Explanation:

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If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.

5 0
3 years ago
Businesses can legally employ only those workers who a. Were born in the United States b. Have immigrated to the United States b
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Only workers who can demonstrate documentation of eligibility to work in the United States (US) are allowed to work<u> legally </u>in the United States, option (C) is the correct answer.

<h3>Who can be legally employed?</h3>

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However, if you have a Visa, <u><em>you can </em></u>work in the United States without being a US citizen.

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brainly.com/question/19586370?referrer=searchResults

4 0
2 years ago
Karl opens a savings account with $2500. He deposits $1500 every year into the account that has a 0.75% interest rate, compounde
zhuklara [117]

Answer:

Total FV= $29,335.25

Explanation:

<u>First, we need to calculate the future value of the initial investment ($2,500) using the following formula:</u>

FV= PV*(1 + i)^n

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i= 0.0075

n=10*12= 120 months

FV= 2,500*(1.0075^120)

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FV= $23,206.86

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5 0
3 years ago
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