1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vladimir [108]
3 years ago
12

The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax

accounting income: $280
Pretax accounting income included: Overweight fines (not deductible for tax purposes) 10 Depreciation expense 69 Depreciation in the tax return using MACRS: 102
The applicable tax rate is 33%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is:________.
a. $102.
b. $33.
c. $247.
d. $257.
Business
1 answer:
densk [106]3 years ago
5 0

Answer:

d. $257

Explanation:

Calculation to determine what Franklin's taxable income ($ in millions) is:

Accounting income$280

Add Permanent difference: Fines $10

Less Temporary difference: Depreciation ($33)

($102-$69)

Taxable income $257

Therefore Franklin's taxable income ($ in millions) is:$257

You might be interested in
An investor purchases an original issue discount general obligation municipal bond (OID) on the offering and holds it to maturit
qaws [65]

Answer:

not taxed

Explanation:

original issue discount which are new issue municipal bonds do not have their interest income taxed at the federal level by the IRS. An investor that purchases the municipal bond from the secondary market however would be accreted and have his income from the bond treated as ordinary income and would be taxed. But interest from original issue discount bonds are not taxed and are also not taxed when held to maturity

3 0
3 years ago
"UN accepts Bhutan's graduation
nexus9112 [7]

Answer:

an Evi score of 32 or below

Explanation:

in 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the above

an Evi score of 32 or belowin 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the above

4 0
3 years ago
What are some of the ethical concerns that come to mind for companies seeking to sell to the bottom of the pyramid?
lions [1.4K]

Explanation:

There are certain ethical concerns for some companies seeking to sell products to the bottom of the pyramid. This is associated with problems like appropriate Products where the concerns are related to the creating of the products which are created in the same way. Companies like Nestle and Nike had faced issues and also ethical scrutiny for their charges of such exploitation in the developing countries.

There are other ethical concerns which are related to advertising and  misrepresentation of their products and their services.

These companies understands the characteristics of the advertising and potential dangers that are related to their product.

5 0
3 years ago
You want to invest some extra money by purchasing some stocks, but you do not know which company is a good investment choice. Wh
kherson [118]

Answer:

A Stockbroker

Explanation:

A stockbroker is a person engaged in the buyng and selling of stocks and securities on a recognized stock exchange on behalf of his clients/investors.

In investing some money in purchasing some stocks, a stockbroker is the right person to engage because stockbrokers buy securities and stocks from the issuing company directly and they are versatile in this aspect as they know companies with good dividends and interest. They give competent investment advice on stocks and companies issuing securities. It is best to work with and engage a stockbroker in purchasing stocks.

Stockbrokers act like the agent of their clients/investors on whom they enter transactions on the stock exchange. They own their principal, that is the investors/clients duties of reasonable care, utmost good faith, loyalty. The stockbroker has a duty to obtain the best selling price or pay the most reasonable price for the stocks on behalf of his clients.

3 0
4 years ago
Would it be possible for a company to report negative free cash flow and still be highly valued by investors; that is, could a n
Firlakuza [10]

Answer:

Yes, a negative free cash flow can be viewed optimistically by some investors depending on what they are looking for.

Explanation:

A negative free cash flow refers to inability of the business to generate enough cash flow.

This could be seen at face value as a disadvantage but an investor will check the books to know why and that will help to make a more informed decision.

Some companies start out acquiring infrastructure, setting up internal structures, human resources and internal workings of the organization years before proper sales that attract consistent cash flow starts to trickle in.

This pre-operating and initial operating expenses does not reflect well on paper thereby giving a negative free cash flow.

An investor would be optimistic about investing in a company of this sort that has put in place the right conduit to generate and sustain massive cash flow in the nearest future.

3 0
4 years ago
Other questions:
  • Data concerning Sinisi Corporation's single product appear below: Selling price per unit $ 200.00 Variable expense per unit $ 58
    12·1 answer
  • Ronald is actively using social media to gather buying information. He prefers social media because of its ability to create per
    8·1 answer
  • The description "G2 jobs include those classes of positions for which the duties are to be performed with minimal supervision an
    10·1 answer
  • What is a good conductor to electricity
    15·2 answers
  • The adoption of specific ground rules that specify acceptable behaviors by project team members can improve working relationship
    15·1 answer
  • A financial institution always keeps all of your money in the vault. true false
    11·2 answers
  • Which expression is equivalent to 12(3 + m)? Group of answer choices 36 + 12m 3m + 12m 36m 36 + m
    5·1 answer
  • A firm that decides to expand internationally based on the availability of government subsidies in the host country is pursuing
    11·1 answer
  • Victor works for a telemarketing company that is on a very tight budget. He has been tasked with finding a method for the compan
    11·1 answer
  • There are private schools in america where kids pay up to $60,000 per year for room and board. This is an example of?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!