Answer:
$30784.08
Explanation:
Taxable income can be refer to as the amount of income used to calculate how much tax an organisation owes to the government in a particular tax year.
Thornton Inc. had taxable income of $128,267 for the year
The company's marginal tax rate is 35 percent
The company's average tax rate is 24 percent
To know how much did the company have to pay in taxes for the year, we multiply the Taxable income by the Company Average tax rate for the year.
=$128,267 * 24%
=$128,267 * 0.24
=$30784.08
Thornton Inc will pay $30784.08 for the year.
Answer and Explanation:
Data provided
Depreciation = $185 million
The Journal entry is shown below:-
Depreciation expense $185 million
To Accumulated depreciation $185 million
(Being depreciation expenses is recorded)
Here we debited depreciation expense as expenses are increasing whereas we credited the accumulated depreciation as the assets decreasing.
The following is not a primary component of an internal control system <u>Control environment .</u>
<u />
The primary cause of inner controls is to assist safeguard an corporation and further its objectives. internal controls characteristic to limit risks and shield property, make certain accuracy of facts, sell operational efficiency, and inspire adherence to policies, rules, regulations, and legal guidelines.
Internal controls are techniques designed to help guard an enterprise and limit danger to its objectives. inner controls decrease risks and guard belongings, ensure accuracy of statistics, sell operational performance, and encourage adherence to policies, policies, policies, and laws.
Determining whether a specific internal manage machine is effective is a judgement because of an assessment of whether the five additives - manage surroundings, risk assessment, manage sports, information and communique, and tracking - are present and functioning.
Learn more about Internal controls here
brainly.com/question/26398073
#SPJ4
If their father Dave allows them to trade chores to achieve gains from trade then "Henry will clean bath tubs; Rose will wash the windows".
<u>Option: C</u>
<u>Explanation:</u>
In this scenario Henry is washing 20 windows or 2 bath tabs in an hour, which showcase his average washing of 10 windows over 1 bath tab in half hour. While here Rose is washing 30 windows or 1 bath tab in an hour by giving average of 15 windows over half bath tab in half hour, which is less than Henry's average of washing.
Thus on considering the above average of work performed by Henry and Rose in equal amount of given time for work, Henry is more prominent to be specialized in cleaning bath tubs while Rose will more expert in washing windows because she is cleaning more windows than Henry in same on hour of time.