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jek_recluse [69]
3 years ago
14

Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before deducting bonus and income ta

xes, above $100,000. Income before bonus and income taxes is $250,000. The effective income tax rate is 30%. Required: 1. Compute the amount of Raymond Moss's bonus. Bonus
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

$22,500

Explanation:

Raymond Moss's bonus is computed as the excess of $100,000 of income before bonus and income taxes.

In other words, the income before bonus and income taxes of $250,000 minus $100,000 is the amount upon which the bonus is computed.

Bonus=excess of income before bonus and income taxes*rate of bonus

income before bonus and income taxes.=$250,000-$100,000

income before bonus and income taxes.=$150,000

bonus rate=15%

Bonus=$150,000*15%

Bonus=$22,500

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kirill [66]

Answer:Taste, packaging levels of sugar, and what ingredients the chocolate has, if it's from a eco company like fair trade or from normal production in factories etc.

Explanation:

The amount of ingredients and the effect on the enviroment  as a whole.

5 0
3 years ago
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Preferred stock is a "hybrid" security. Preferreds typically pay a fixed dividend, so they are a fixed-income security like a bo
alexdok [17]

Answer:

The correct answer is True.

Explanation:

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3 years ago
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Nina has a convex utility of wealth function, u(x). She is contemplating two prospects, L and M, where L is a mean preserving sp
Ksenya-84 [330]

Answer: B. Nina will prefer L to M.

Explanation:

Convex utility of wealth function, u(x) is the risk-loving consumer having a a convex utility function, it's slope gets steeper as the wealth increases making the curvature of the utility function measuring the customer's attitude towards risk

Nina will prefer L to M as she has convex utility function as risk loving.

7 0
3 years ago
zzy Division of Marine Boats Corporation had the following results last year​ (in thousands). Sales $ 4 comma 700 comma 000 Oper
o-na [289]

Answer:

C. $ 168 comma 000

Explanation:

The computation of the residual income is shown below:

= Operating income - minimum return

where,  

Operating income is $600,000

And, the minimum return equal to

= Invested asset amount × minimum rate of return

= $3,600,000 × 12%

= $432,000

Now put these values to the above formula  

So, the value would equal to  

= $600,000 - $432,000

= $168,000

We simply applied the above formula

3 0
3 years ago
Jane recently moved to a new city. she is adjusting her current spending plan to fit her new lifestyle. she needs to find new de
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Answer:

i will say to use share or cooperatives

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