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zlopas [31]
2 years ago
15

The United States will import 3 million CDminusRom drives if​ ________ tax per CDminusRom drive is levied on imported CDminusRom

drives. A. no B. a​ $10 C. a​ $15 D. a​ $25
Business
1 answer:
Brums [2.3K]2 years ago
8 0

Answer:

A. no

Explanation:

If there is no tax rate per CDminusRom, to import it will cost less. It is easier when there is no tax rate attached. Therefore, The United States will import 3 million CDminusRom drives if​ ____NO____ tax per CDminusRom drive is levied on imported CDminusRom drives. Hence, the answer is A

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Kyle, a single taxpayer, worked as a free-lance software engineer for the first three months of 2017. During that time, he earne
mr Goodwill [35]

Answer:

The Amount of FICA Taxes (Self-Employment and Employment Related) does Kyle Owe for the Year 201 is $11,915.

Explanation:

Calculation of the Amount of FICA Taxes (Self-Employment and Employment Related) does Kyle Owe for the Year 2017 are displayed in the document attached.

Download xlsx
7 0
3 years ago
Pretax financial statement income for the year ended December 31, 2018, was $25 million for Scott Pen Company. Scott’s taxable i
valkas [14]

Answer:

Option B $9 million is the correct answer.

Explanation:

The current portion of income tax expense is the taxable for the year multiplied by the prevalen tax rate in the year.

Current portion of income tax expense=taxable income*tax rate

taxable income is $30 million

tax rate is 30%

current portion of income tax expense=$30 million*30%=$ 9 million

Option B is the correct answer

However,if one chooses option A,it implies that one had used pretax net income of $25 million in computing the income tax expenses instead of taxable income on which tax is payable

6 0
3 years ago
Read 2 more answers
Trails End Vacations has a $2,200 account receivable from the Sun City Kiwanis. On March 11, the Kiwanis makes a partial payment
Pavlova-9 [17]

Answer:

Cash $1,050 (debit)

Accounts Receivable :Sun City Kiwanis $1,050 (credit)

Explanation:

When Kiwanis makes a partial payment to settle their account, in Trails Ends records, we recognize (1) an the increase in the assets of cash and (2) recognize a decrease in the assets of accounts receivable.

3 0
3 years ago
If the market rate of interest is 6 percent, what is the present discounted value of $1,000 that will be paid in
Pachacha [2.7K]

The formula for percent discount value after n years at the rate r is given by 
pdv=fv/(1+r)^n 
where fv is the fixed value  
here only fixed value is given to us so we will calculate the discounted value for coming 10 years 
after  
year 1=943.4
 2=890
 3=839.62
 4=739.09
 5=747.26
 6=704.96
 7=665.06
 8=627.41
 9=591.90 
10=558.39
6 0
3 years ago
Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c
Anna35 [415]

Answer:

11.06%

Explanation:

Calculation to determine What will be the WACC for this project

First step is to calculate the Weight of Debt

Weight of Debt = $750,000 / $1,708,000

Weight of Debt = 0.4391

Second step is to calculate the Weight of Preferred Stock

Weight of Preferred Stock = $78,000 / $1,708,000

Weight of Preferred Stock = 0.0457

Third step is to calculate the Weight of Equity

Weight of Equity = $880,000 / $1,708,000

Weight of Equity = 0.5152

Fourth step is to calculate After Tax Cost of Debt

After Tax Cost of Debt = 11.1% * (1 – 0.40)

After Tax Cost of Debt = 6.66%

Now let calculate WACC using this formula

WACC = (Weight of Debt * After Tax Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Equity * Cost of Equity)

Let plug in the formula

WACC = (0.4391 * 0.0666) + (0.0457 * 0.1220) + (0.5152 * 0.1470)

WACC = 0.02924406+0.0055754+0.0757344

WACC =0.1106*100

WACC =11.06%

5 0
2 years ago
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