Answer:
D) Carry the loss forward to reduce income in future years
Explanation:
The IRS allows corporations to carry losses both forward and backwards in order for them to reduce their taxable income. A corporation can carry an operating loss back two years, and it can carry them forward up to 20 years in order to reduce taxable income generated in subsequent years. A backwards carryover lowers the taxes that the corporation might owe to the government.
D. Higher education costs continue to rise and create problems for students.
b) $21,000.
c) $20,000.
d) $18,000.
e) $27,000.
Answer:
c) $20,000.
Explanation:
The computation of the estimated ending inventory is shown below:
We know that
Cost of goods sold = Beginning inventory + purchase made - ending inventory
And, the
Sales - gross profit = Cost of goods sold
$100,000 - $100,000 × 30% = Cost of goods sold
So, cost of goods sold would be
= $100,000 - $30,000
= $70,000
Now the ending inventory would be
$70,000 = $18,000 + $72,000 - ending inventory
$70,000 = $90,000 - ending inventory
So, the ending inventory would be
= $90,000 - $70,000
= $20,000
Based on 30% gross profit ratio, the estimated end inventory for the Big Box Store for the second quarter is $20,000, after accounting for cost of goods sold from the total available inventory.
The Big Box Store operates at a 30% Gross Profit Margin, implying 70% of the sales are accounted as Cost of Goods Sold (COGS). Therefore, the COGS for the second quarter would be $100,000*0.7 = $70,000.
The initial inventory at the beginning of the quarter was $18,000 and $72,000 amount of inventory was purchased during the quarter. So total available inventory is $18,000 + $72,000 = $90,000.
If we subtract the COGS from total available inventory that gives us the estimated ending inventory. That is $90,000 - $70,000 = $20,000. Therefore the estimated ending inventory from Box Store will be $20,000.
#SPJ3
a. Productivity
b. Technology
c. Business Model
c. Cost of Resources
Answer:
It is Business Model (C)
Explanation:
Option (A) False. An increase in the productivity of a factor of production will reduce unit cost of production and thereby causes supply to increase.
Option (B) False. Improvements in technology increases the productivity of the company which results in an increase in supply. It also reduces unit cost of production in the long-run.
Option (C) True. This is an internal approach to successful operation of the business. Hence, it shouldn't cause changes in supply
Option (D)False. A change in production costs will affect the quantity that can be supplied.
Answer:
business model is not a factor
Explanation:
Answer:
= $3 million
Explanation:
Banks are mandated by banking regulation to keep a percentage of their total deposit and can lend the balance. This is called the required reserve
The amount by which the total deposit exceeds the required reserve is called the excess reserve
The required reserve = Transaction × reserve requirement
= 0.10 × 100
= $ 10 million
Excess reserve = Transaction account balance - required reserve
= 100 - 10 = $90 million
With a decrease in reserve ratio to 0.07,
Excess reserve = 100 - (0.07 ×100)
= $ 93 million
Increase in excess reserve = $ (93 - 90) million
= $3 million
Answer:
Excess reserve will increase by $3 million
Explanation:
In this secanrio the reserve requirement is 0.10 that is 0.10* 100 million= $10 million.
The excess reserve is 100 million- 10 million= $90 million.
When there is a required reserve reduction to 0.07 then the reserve will be 0.07* $100 million= $7 million.
The excess reserve will be $100 million- 7 million= $93 million
Therefore the increase in excess reserve is $93 million- $90 million= $3 million
Second-generation students. On Apex.