Federal tax legislation generally originates in which of the following?
a. Internal Revenue Service
b. Senate Finance Committee
c. House Ways and Means Committee
d. Senate Floor
e. None of these
c
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Medina Company has a tax rate of 30 percent and is considering a capital project that will make the following annual contribution to operating income: Cash revenues $140,000 Cash expenses (40,000) Depreciation (45,000) Operating income before income taxes $55,000 Income taxes (16,500) Operating income $38,500 Using the receipts and disbursements method, net cash inflows are
A) $(83,500). B) $43,500. C) $83,500. D) $100,000.
A retailer with high inventory turnover is likely to have _____
a. high gross margin return on investment b. low operating costs c. low employee turnover d. high profits
A company is currently operating at 60% capacity producing 10,000 units. Cost information relating to this current production is shown in the following table:?Per UnitSales price$21.00Direct material$6.00Direct labor$4.12Variable overhead$2.23Fixed overhead$0.80The company has been approached by a customer with a request for a special order for 5,000 units. What is the minimum per unit sales price that management would accept for this order if the company wishes to increase current profits?
What will be an ideal response?
All of the following are true concerning marine insurance except:
A) bottomry was an early form of insurance that covered the outstanding balance on a loan for a ship B) respondentia was an early form of insurance that covered outstanding loans on cargo C) the earliest ocean marine contracts only covered losses caused by pirates and ship owner's fraud D) originally coverage did not specify (list) the individual perils causing loss