Answer:
Jacobsen Corporation
Income from continuing operations of $621,000 will be reported.
Explanation:
The income from continuing operations is the same thing as the operating income. It is the pre-tax income that is reported on Jacobsen Corporation's income statement for the year ended December 31, 2016. The tax rate of 30% is applied on this figure to obtain the income tax expense for the year. But, for Jacobsen that has other unusual items, these are taken into consideration before the income tax is imputed to obtain the after-tax income.
Answer:
Option (D) is correct.
Explanation:
Total Overhead Cost:
= (Overhead × Number of cases) for all products
= (20 × 350) + (25 × 550) + (17 × 650)
= 31,800
Total Machine Hours:
= Machine hours × Number of cases
= (5 × 350) + (3 × 550) + (4 × 650)
= 6,000
Overhead Rate:
= Total Overhead Cost ÷ Total Machine Hours
= 31,800 ÷ 6,000
= 5.30
Total product cost per case for Product GC:
= Direct Material + Direct Labor + Overhead
= 80 + 30 + (Machine hours × Overhead Rate)
= 80 + 30 + (3 × 5.3)
= 80.00 + 30.00 + 15.90
= $125.90
Answer:
Option B (Put seller) is the appropriate alternative.
Explanation:
- Put seller relates to the practice including its opportunity to then be implemented. That whenever a put application is approved, this same writer typically takes the equality of opportunity at either the strike amount from the lengthy put grabber.
- Writing possibilities seems to be an opportunity for investors. That being said, the earnings from composing the given opportunity would be constrained to either the premium, although the put buyer could keep going to create revenue or gains until another inventory would be zero.
Some other three situations do not relate to either the type of situation in question. So there is one that is the appropriate one.
e. a, b, and c? All of these are true
These are the choices I found on the internet:
A. C corporations are generally not subject to corporate income tax.
B. C corporations are separate entities for tax purposes.
C. Shareholders of a C corporation have limited liability.
D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.
The false one would be letter A - C corporations are generally not subject to corporate income tax.
C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.
