In a production of 1000 plastic moldings, 75 were incompletely formed and had to be discarded. Based on these data the total production of plastic moldings should have what estimated proportion of incompletely formed moldings?
0.075
You might also like to view...
Downsizing often results in one-time charges against income
Indicate whether the statement is true or false
Which of the following is not a correct usage of the SWOT framework?
A. take advantage of the opportunities presented by the environment B. remedy the weaknesses or work around them C. protect the firm from environmental weaknesses D. build on its strengths
If you are self-employed, you have to pay both the employer and employee portions of FICA, for a total rate of 20 percent
Indicate whether this statement is true or false.
Provo Corporation, a U.S. corporation, received a dividend of $350,000 from its 100 percent owned German subsidiary. A withholding tax of $35,000 was imposed on the dividend. The dividend qualifies for the 100 percent dividends received deduction. What are the U.S. tax consequences to Provo on receipt of the dividend, assuming the foreign tax credit limitation is not binding and the company breaks even on its U.S. operations?
A. Taxable income of $350,000, net U.S. tax liability of $0, and $14,000 FTC carryforward B. Taxable income of $0 and $35,000 FTC carryforward C. Taxable income of $0 and $0 FTC carryforward D. Taxable income of $350,000, net U.S. tax liability of $20,000, and $0 FTC carryforward