Answer:
$4.8 million reduction
Explanation:
Given that
Cost to the company = $12 million
Expected to generate revenues next year = $280 million
Corporate tax rate = 40%
Based on the above information, the effect would be
The cost to the company is treated as an expense and therefore it is deducted from the revenue. Moreover, there is a reduction of $4.8 million i.e come from
= $12 million × 40%
= $4.8 million
This amount is shown reduction in taxes
When addictions escalate and the individual loses his or her job or drops out of school, this is a sign of a serious problem.
This means that this person has become so addicted to something that they cannot lead they normal lives anymore. Addiction has taken control over everything, and they will leave anyone behind because of it. It is a serious problem that needs to be taken care of.
Answer:
winning the group romm contract: $14,967.50
normal tuesday revenue $16,175.50
Explanation:
group contract:
125 rooms x $ 109 = 13,625
normal rooms:
(220-125) x $ 141.50 = <u> 13,442.5 </u>
total revenue: 27,067.5
variable cost: 220x55= (12,100)
contribution: 14,967.5
If it doesn't win the contract
will sale 220 x 85% = 187 rooms at 141.5 each
187 rooms x (141.5 - 55) = 16.175,5
An advantage for making socially responsible business decisions is that it improves public image.
- Corporate social responsibility is the concept whereby organizations integrate environmental and social concerns into their operations. An example of corporate social responsibility is an organization that gives scholarships to students.
- Corporate social responsibility helps in the improvement of the public image of the company. It also makes an organization more sustainable. Also, it can help in the attraction and the retention of employees.
In conclusion, corporate social responsibility also gives an organization a competitive advantage over its competitors and enhances its reputation.
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Answer:
The answer is A) $2,000
Explanation:
According to the IRS Publication 525 (2018), Taxable and Nontaxable Income
<em>"</em><em><u>If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service</u></em><em> or safety achievement, you generally can </em><em><u>exclude its value from your income</u></em><em>. However, the amount you can exclude is limited to your employer's cost and </em><em><u>can’t be more than $1,600</u></em><em> ($400 for awards that aren’t qualified plan awards) for all such awards you receive during the year. Your employer can tell you whether your award is a qualified plan award. Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that don’t create a significant likelihood of it being disguised pay." </em>
Ed has to include the $2,000 he received as income but the $250 watch can be excluded.