A cost accountant wishes to establish the average amount, ?, spent by executives per day on travel and lodging. The population standard deviation ? = $29 . The accountant wants to be 90-percent confident that the estimate, x, obtained is within $7 of the true mean. How large a sample is needed if the company employs 263 executives?
40
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Amengual Corporation began operations in 2011 and had operating losses of $400,000 in 2012 and $300,000 in 2013 . For the year ended December 31 . 2014, Amengual had a pretax financial income of $600,000 . For 2012 and 2013 . assume an enacted tax rate of 30 percent, and for 2014 a 35 percent tax rate. There were no temporary differences in any of the years. In Amengual's 2014 income statement,
how much should be reported as income tax expense? a. $0 b. $30,000 c. $180,000 d. $210,000
An income statement reports a firm's profit relative to its total investment in plant and equipment
Indicate whether the statement is true or false
To help them avoid unionization, companies employ many different strategies. One of them is that they have adopted two-tier pay scales, in which veteran employees make more than new employees
What is the system that the two-tier system replaced? What will be an ideal response?
Several years ago, Y&S Inc. purchased a patent on a production process for $250,000 and has amortized $91,000 of the cost. Y&S has learned that a rival company recently developed a new process that renders the patent worthless. Consequently, Y&S made a public announcement that it would no longer enforce the patent. What is the tax consequence to Y&S of this unfortunate situation?
A. $159,000 Section 1231 loss. B. $159,000 ordinary abandonment loss. C. $159,000 capital loss. D. Y&S has no tax consequences because it did not sell or exchange the patent.