Answer:
$7,776,899
Explanation:
Calculation to determine what interest expense would it recognize in its 2021 income statement
Interest expense= $388,844,955 * 8% * (3 months/12 months)
Interest expense= $31,107,596.4 * 3/12
Interest expense= $7,776,899
Therefore the interest expense that would be recognize in its 2021 income statement is $7,776,899
This process of attempting to influence today's children to purchase SI when they become adults is an example of : Consumer perception.
<h3>What is consumer perception?</h3>
Consumer perception is a marketing concept aimed at creating customer's impression, awareness and consciousness about a company product offerings.
Customer perception is typically affected by the following:
- Advertising
- Reviews
- Public relations
- Social media
- Personal experiences
Therefore, the process where Sports Illustrated its publication and attempt to influence today's children to purchase SI when they become adults is an example of consumer perception.
Learn more about consumer perception here : brainly.com/question/6772250
Answer:
The company's net income for 2015 is loss $62,000 ( -$62,000)
Explanation:
During 2015, Rainbow Umbrella Corp. had sales of $730,000
Total expense for 2015 = Cost of goods sold + Administrative and selling expenses + Depreciation expenses + Interest expense = $450,000 + $90,000 + $160,000 + $92,000 = $792,000
Sales - Total expense = $730,000 - $792,000 = -$62,000<0
The company recorded loss in 2015 the amount of $62,000 and didnot have to pay tax.
Answer:
Regressive tax
Explanation:
Social Security tax is the tax that is not exempted from employers and employees and which the funds are used to finance the Social Security program.
The Social Security tax finances the retirement, disability, and other benefits that eligible Americans receive under the Old-Age, Survivors, and Disability Insurance (OASDI) Program - the legal name of Social Security in the United States of America.
It is a Regressive tax in the sense that it takes a larger percentage of income from low-income earners than from their high-income counterparts, thereby further widening the already wide social divide between the rich and the poor.
