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2 years ago

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2016:

Business

1 answer:

Shalnov [3]2 years ago

5 0

Answer:

Option (C) is correct.

Explanation:

Income tax expense:

= Operating income × Income tax rate

= $250,000 × 40%

= $100,000

Total income tax expense:

= (Operating income + Income on discontinued operations) × Income tax rate

= ($250,000 + $70,000) × 40%

= $128,000

Therefore, Freda's separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively.

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A plaintiff sued a defendant in a patent infringement suit. To sustain his claim, the plaintiff was required to demonstrate the

Lelu [443]

Answer:

Yes

Explanation:

A judicial notice is defined as a rule concerning recognition not evidence by a court where a fact that is very well known and attested that there is no room for doubting the fact.

There is no need for formal presentation of evidence.

I'm the given scenario the plaintiff produced three well-known chemistry texts containing explanations of the formula and asked the court to take judicial notice of the formula for the compound.

Since the formula is well known and even contained in well known chemistry texts, the court should take judicial notice of the formula

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2 years ago

"A new machine, with a 4-year life, has an initial cost of $1,200 and annual costs of $380. The equivalent annual cost of this m

Oksana_A [137]

Question

A new machine, with a 4-year life, has an initial cost of $1,200 and annual costs of $380. The equivalent annual cost of this machine is best described as the"

Assuming an interest rate of 10%

Note the interest rate was added by the tutor

Answer:

Equivalent Annual cost = $758.56

Explanation:

The equivalent annual cost is the present value of cost of the new machine divided by the annuity factor.

PV of annuity cost = A× 1- (1+r)^(-n)/r

A- 380, r- 10% n- 4

PV of annual cost = 380 × (1- 1.1^(-4))/0.1=1,204.55

PV of total cost = 1,204.55 + 1,200 = 2,404.55

Equivalent annual cost = PV of cost /Annuity factor

Annuity factor =(1- 1.1^(-4))/0.1 = 3.1699

Equivalent Annual cost = 2,404.55 / 3.1699 = $758.5649

Equivalent Annual cost = $758.56

8 0

3 years ago

If you borrow $100,000 at an annual rate of 8.00% for a 10minusyearperiod and repay with 10 equal annual endminusofminusthemin

Ivahew [28]

Answer:

Amortized loan

Explanation:

An amortized loan is a loan with scheduled periodic payments that are applied to both principal and interest. An amortized loan payment first pays off the relevant interest expense for the period, after which the remainder of the payment reduces the principal.

Interest is calculated based on the most recent ending balance of the loan and the interest amount owed decreases as payments are made. This is because any payment in excess of the interest amount reduces the principal, which in turn, reduces the balance on which the interest is calculated.

3 0

2 years ago

Which component of table setting includes knives?

Keith_Richards [23]

Answer:

Steelware I think

Explanation:

7 0

2 years ago

An engineering firm wrote a new policies and procedures manual that helped everyone know exactly what to do and how to do it. Wh

defon

Answer:

The correct answer is: the cost of it.

Explanation:

To begin with, knowing that planning, organizating, controling and directing are the basis of an structured company in order to achieve efficiently those there is a cost that has to be done, therefore that the major drawback of becoming more structured in the company is the cost of doing it, due to the fact that creating documents and teaching every one how to use it and more, the costs of the company will increase as well as the company will become more structured.

3 0

3 years ago

Read 2 more answers