answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
2 years ago
9

Eckert Corporation's partial income statement after its first year of operations is as follows:

Business
1 answer:
Arte-miy333 [17]2 years ago
4 0

Answer:

A. $2,700,000

Explanation:

For computing the deduction amount for depreciation tax, first we have to calculate the total amount of deferred tax amount which is shown below:

Total Deferred tax amount = Deferred tax × (percentage value ÷ tax rate)

= $90,000 × (100% ÷ 30%)

= $300,000

And the depreciation expense in this year is $2,400,000

So, the total amount deducted would be

= $300,000 + $2,400,000

= $2,700,000

You might be interested in
Many tire centers and new car dealers offer to fill tires with nitrogen instead of compressed air, often at a significantly incr
STatiana [176]

Answer and Explanation:

a) the advantage if using Nitrogen is that pure nitrogen does not leak out of tires as fast as oxygen do. Molecules of Nitrogen are much larger that those of Oxygen so nitrogen filled tires will remain inflates longer than air filled tires.

b) it is consistent with the ideal gas law (PV= nRT). Volume is inversely proportional to pressure and directly proportional to the temperature which mean that every 10 degree change in temperature will result in 1 psi change in tire-inflation pressure.

c) Yes there is another chemical reason. Air contains moisture which can build up within and corrode the wheels and tire pressure monitoring system resulting in tire rot from within but Nitrogen gas is much drier and allows a more steady pressure inside the tire.

d) No I will not pay extra for nitrogen filled tires because there's no huge difference between nitrogen and air filled tires. Nitrogen contains only about 93-95% nitrogen and the rest air ,while ordinary air-filled tire contains 78% nitrogen and the rest air. Besides nitrogen gas do not protect nor repairs faulty tires, you still have to check your tires from time to time and ordinary air is much cheaper than nitrogen and in some regions free. So I think its just a marketing strategy and do not have much use.

5 0
2 years ago
You're in a conference room with Javier and Jim, an assistant director who reports to you. The other three people in the room, i
Ivahew [28]

Full question:

You are a manager at Leland Enterprises, a transportation

company, and work in the headquarters building. You report to the director, Javier.

Javier is known around the office as a hothead--quick to anger, slow to praise anyone. He tends to demean people publicly when he thinks their work is substandard, which is just about all the time. He has a weak spot for doughnuts, which seem to make him happy, so you and your coworkers regularly bring in sweets to, as you say, "appease the monster." Javier is favored by upper management for his decisiveness and strong ability in business analytics, which have led to strong corporate results. Upper management is hands-off toward Javier's management of his team. As a result, turnover is quite high as employees realize they can either adapt to his environment or leave, but not change it much.

Decision Point: Javier's Goals

You're in a conference room with Javier and Jim, an assistant director who reports to you. The other three people in the room, including your friend Emily, report to Jim.

Javier ends the meeting by saying, "So that's just the way we do things around here." One of your employees asks, "Could you tell me a bit of detail about our projection goals?" Javier responds, "No, you all know enough—you do your jobs and let me work out the details. This meeting is over. Turn to your neighbor and give our secret GIMME handshake." People jostle, rolling their eyes, and perform a middle-school-type crazy handshake.

In what ways do you see the organizational culture of Leland Enterprises transmitted?

Select the best options from the choices below and click Submit.

Ethics

Innovation

Symbols

Stories

Socialization

Language

Rituals

Answer:

Rituals

Explanation:

Corporate rituals are demonstrated in the example above. They may be repetitive sequences that could take the form of habits or ceremonies that express and reinforce the values of the organization such as what goals are most important, and which people are important and which ones are superfluous. This is seen when the manager asks to give the Gimme shake.

5 0
2 years ago
Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continu
yuradex [85]

Answer:

Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continue this policy until two more dividend payments have been paid. Three years after the last normal dividend payment, the company plans to pay a final liquidating dividend of $32 per share. What is the current market value of this stock if the required return is 14.7 percent?

The current market value of this stock = $16.78.

Explanation:

Current market value of this stock = $1.78/1.147 + $1.78/1 .147∧3+ $32/1.147∧6

Current market value of this stock= 1.55187 + 1.78/1.509 + 132/2.27709

Current market value of this stock= 1.55187 + 1.17959 +  14.053

The current market value of this stock = $16.78.

8 0
2 years ago
A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of d
Andre45 [30]

Answer:

The firm's profit maximization price = $81.25

Explanation:

We are given:

Marginal cost MC = $65

Elasticity of demand ED = -5

Therefore, Using the rule of thumb pricing, we have the equation:

P = \frac{MC}{1+(1/ED)}

P = \frac{65}{1+(1/-5)}

P = \frac{65}{0.8}

P = $81.25

Therefore the firm's profit maximization price is $81.25

5 0
2 years ago
Read 2 more answers
On October 29, 2017, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The ra
sveta [45]

Answer:

a. Nov 11, 2017

Dr Cash $4,900

Cr sales $4,900

Nov 30, 2017

Dr Warranty expense $294

Cr Estimated warranty Liabilities $294

Dec 9, 2017

Dr Estimated warranty Liabilities $196

Cr Cash $196

Dec 16, 2017

Dr Cash $14,700

Cr sales $14,700

Dec 29, 2017

Dr Estimated warranty Liabilities $392

Cr Cash $392

Dec 31, 2017

Dr Warranty expense $882

Cr Estimated warranty Liabilities $882

b. Jan 5,2018

Dr Cash $9,800

Cr Sales$9,800

Jan 17,2018

Dr Estimated warranty Liabilities $462

Cr Cash $462

Dec 31,2018

Dr Warranty expense $588

Cr Cash $588

Explanation:

a. Preparation of the journal entries to record above transactions and adjustments for 2017

Nov 11, 2017

Dr Cash $4,900

Cr sales $4,900

(Being to record razors sold for cash)

Nov 30, 2017

Dr Warranty expense $294

Cr Estimated warranty Liabilities $294

($4900*6%)

(Being to record warranty expense)

Dec 9, 2017

Dr Estimated warranty Liabilities $196

Cr Cash $196

(14 razors*14)

(Being to replaced 14 razors)

Dec 16, 2017

Dr Cash $14,700

Cr sales $14,700

(Being razors sold for cash)

Dec 29, 2017

Dr Estimated warranty Liabilities $392

Cr Cash $392

(28 razors*14)

(Being to replaced 28 razors)

Dec 31, 2017

Dr Warranty expense $882

Cr Estimated warranty Liabilities $882

($14,700*6%)

(Being to record warranty expense)

b. Preparation of the journal entries to record above transactions and adjustments for 2018

Jan 5,2018

Dr Cash $9,800

Cr Sales$9,800

(Being to record razors sold for cash)

Jan 17,2018

Dr Estimated warranty Liabilities $462

Cr Cash $462

(33 razors*14)

(Being to replaced 33 razors)

Dec 31,2018

Dr Warranty expense $588

Cr Cash

(6%*$9,800) $588

(Being to record warranty expense)

5 0
2 years ago
Other questions:
  • Basil wishes to start a landscaping company, selling plants and landscaping services to new residents of new england manor, a su
    5·2 answers
  • On December 31, 2017, Dow Steel Corporation had 770,000 shares of common stock and 47,000 shares of 9%, noncumulative, nonconver
    5·1 answer
  • Gudenas Company makes a credit card sale to a customer for $500. The credit card sale has a grace period of 30 days and then an
    14·1 answer
  • Say you own an asset that had a total return last year of 11.65 percent. If the inflation rate last year was 2.75 percent, what
    7·1 answer
  • Geraldine was injured in a car accident, and the insurance company has offered her the choice of $25,000 per year for 15 years,
    10·1 answer
  • Jack is considering a management position in an accounting firm. If Jack can’t negotiate a salary of at least $90,000, he plans
    12·1 answer
  • A food worker vomits a few hours before he is scheduled to work, but he feels better in
    11·2 answers
  • Sheila purchased Turner AAA bonds in May, 2016 for $47,600. In September 2018, she sold the bonds for $51,500, paying commission
    15·1 answer
  • Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
    11·1 answer
  • 7. A roofer is installing a roof that requires 178
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!