Answer: $35 million (nearest whole million)
Explanation:
To calculate the current year's tax Payable we will start by ascertaining the Net Taxable income.
Fema Corporation did not account for the net operating loss carryforward of $81 million in the $200 million pretax accounting and taxable income for the current year so we have to do that.
Doing that would be,
= $200 million - 81 million
= $119 million
This is the Net Taxable Income.
We will then use the NEW tax rate which was effected immediately to determine the new Tax Payable,
= $119 million * 0.29
= $34.51 million
= $35 million (nearest whole million)
True I hope it’s right :)
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
Credit unions<span> are typically owned and run by members and </span>credit unions<span> limit membership to certain people or groups. </span>
I’d take the first answer as it getting doubled by the number so after the 4th year you’d make $65,536 which already a better deal then the second answer
