Business, 07.03.2020 02:58 marjorieheckaman
GAdams Inc began operating in 2015. The company lost money the first year but has been profitable ever since. The company’s taxable income (EBT) for its first five years is listed below. Each year the company’s corporate tax rate has been 35 percent. Year Taxable Income 2015 -$4 million 2016 1 million 2017 2 million 2018 3 million 2019 5 million Assume that the company has taken full advantage of the Tax Code’s carry-back, carryforward provisions and that the current provisions were applicable during these years. How much did the company pay in taxes in 2018 and 2019 respectively?
Answers: 3
Business, 22.06.2019 21:00
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
Answers: 2
Business, 23.06.2019 06:00
Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
Answers: 1
Business, 23.06.2019 12:40
Acompany finances the purchase of equipment with a $500,000 5-year note payable. the note has an interest rate of 12% and a monthly payment of $11,122. after two payments have been made, what amount should the company report as the note payable balance in its december 31 balance sheet?
Answers: 2
GAdams Inc began operating in 2015. The company lost money the first year but has been profitable ev...
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