Corporate taxable income earned before December 31, 2017 is taxed using a rate schedule that includes rates ranging from 15% to 39%.
Answer the following statement true (T) or false (F)
True
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Exhibit 14-16 Harry's Inc issued a four-year, $75,000, non-interest-bearing note to a customer on January 1, 2016. Harry also agrees to sell inventory to the customer at reduced rates over a five-year period. Sales are to be evenly spread over the five-year period. Harry's incremental interest rate is 8%, and the present value of the note is $55,125. ? Refer to Exhibit 14-16.What is Harry's
sales revenue connected with the note in 2018 ? A) $4,974 B) $15,000 C) there is no sales revenue on a note payable D) $3,975
Which method of entering a foreign market has a domestic firm actively managing a foreign company or overseas facility?
A. direct ownership B. licensing C. exporting D. joint venture E. contract manufacturing
A customer's negative experiences with a company do not carry as much weight as the positive experiences.
Answer the following statement true (T) or false (F)
Gulinson Corporation has two divisions: Division A and Division B. Data from the most recent month appear below: Total CompanyDivision A Division BSales$591,000$222,000 $369,000 Variable expenses 275,580 113,220 162,360 Contribution margin 315,420 108,780 206,640 Traceable fixed expenses 195,000 66,000 129,000 Segment margin 120,420$42,780 $77,640 Common fixed expenses 65,010 Net operating income$55,410 The break-even in sales dollars for Division A is closest to:
A. $184,531 B. $487,179 C. $267,367 D. $134,694