Claton Industries has revenues of $128,000 for 2020. Their operating expenses are $80,000, and the income tax is $12,000. What is the net income for this company

Answers

Answer 1

Based on the information given the net income for this company is $36,000.

Net income

Using this formula

Net income=Revenues-Expenses

Where:

Revenues=$128,000

Expenses=$80,000+$12,000=$92,000

Let plug in the formula

Net income=$128,000-$92,000

Net income=$36,000

Inconclusion the net income for this company is $36,000.

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Related Questions

seven ways a student can make money through agriculture​

Answers

Answer:

1.by learning is school

2.by helping farmers out there with

little idea you have.

3.by practicing it.

4.plant and sell it.

Nour's organization buys raw materials from all over the world, and in turn, sells finished goods world-wide. What type of organization does Nour run?

Answers

There are a lot of firms. Organizational buyers is the type of organization that Nour run.

What is Organizational buyers?

Organizational buyers are known to be people or firm that often buy direct from the manufacturers of products  as at the time when the products are complex and said to be expensive pieces of equipment that needs custom design and installation.

Note that the organizational buyer often purchases in a lot of large volumes of goods to sell to others.

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All of the following are true statements about Individual Retirement Accounts EXCEPT: A the earliest a taxpayer may make an annual contribution is January 1st of that tax year B the latest a taxpayer may make an annual contribution is April 15th of the following tax year C if the taxpayer obtained a 4 month filing extension, he can make the annual contribution up to the extension date D annual contributions may be made even if the person is covered by another qualified retirement plan

Answers

The statement that "if the taxpayer obtained a 4 month filing extension, he can make the annual contribution up to the extension date" is an untrue statement about an Individual Retirement Account.

What is an Individual Retirement Account?

An Individual Retirement Account refers to a saving account that allows workers to save their money for retirement in a tax-advantaged way.

The true statement about the Individual Retirement Account includes:

the earliest the taxpayer can may make an annual contribution is January 1st of the tax year.the latest the taxpayer can may make an annual contribution is April 15th of the following tax year.the annual contributions may be made even if the person is covered by another qualified retirement plan.

Therefore, the Option C is correct.

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A statement of an employee's biweekly earnings is given below. Earnings Deductions Week Ended Regular FED. SOC. MED STATE WITH. WITH. CARE. WITH. NET PAY 9/10 $_____ $98. 00 $52. 88 $12. 37 $22. 54 $667. 17 What is the employee's gross pay? a. $818. 05 b. $830. 42 c. $840. 59 d. $852. 96 Please select the best answer from the choices provided A B C D.

Answers

Gross pay refers to the earnings of the employee before taxes and other deductions. The gross pay of the employee will be $852.96.

What is gross pay?

Gross pay refers to the total amount that employees earn before taxes and deductions. It is used to calculate the salaries and wages of the employees.

If the taxes and other deductions are subtracted from the gross pay, the result will be the net pay of the employee.

The gross pay of the employee for the given question will be:

[tex]\begin{aligned}\rm Gross \:pay &=\rm Net\:pay + Expenses\\\\&= \$667.17 + \$98.00 +\$52.88 + \$12.37 +\$22.54\\\\&= \$852.96\end[/tex]

Therefore the correct option is D.

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Blanchard Corporation issued a 1-year, 9%, $150,000 note payable on April 30, 2022. Interest expense for the year ended December 31, 2021, is $8,000. $9,000. $12,000. $6,000.

Answers

The interest expense for the year ended December 31, 2021, for Blanchard Corporation is b) $9,000.

How is interest expense computed?

Interest expense is prorated.  Since Blanchard Corporation issued the notes on April 30, the interest expense for the year will not be for 12 months but only 8 months (May to December).

Data and Calculations:

Note payable = $150,000

Interest rate = 9%

Period of note = 1 year

Date of issuance = April 30, 2020

Interest expense at December 31, 2021 = $9,000 ($150,000 x 9% x 8/12)

Thus, the interest expense for the year ended December 31, 2021 is b) $9,000.

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100 Points!! PLS HELP ASAP!! In a short response of approximately 75 words, explain what type of company would elect to develop and manage an internal marketing department.

Answers

Mid-sized regional companies would elect to develop and manage an internal marketing department.

What is internal marketing?

Internal marketing can be divided into two categories: a campaign or communication plan that is specifically directed at your staff. Campaigns for employee engagement or wellness/benefits programs, for instance. campaigns intended to inform, engage, and socialize personnel before the start of an external campaign.

Internal marketing is now a key component of a successful marketing plan, therefore organizations should give it a top priority. Internal marketing is, to put it simply when a company advertises to its employees about its mission, goals, culture, goods and services, and brand.


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On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.
Ten percent (2.8 million) of the options were forfeited when an executive resigned in 2022. All other options were exercised on July 12, 2025, when the stock’s price jumped unexpectedly to $26 per share.

Answers

Answer:

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.

Ten percent (2.8 million) of the options were forfeited when an executive resigned in 2022. All other options were exercised on July 12, 2025, when the stock’s price jumped unexpectedly to $26 per share.

If the seller dies before you accept the offer, the contract is unenforceable under the defense of impossibility. False True

Answers

Answer:

of the seller dies before you accept the offer, the contract is unenforceable under the defense of impossibility is true

As the owner of a small business, esma would like to move the sale of her candles from storefronts to the internet. She can readily make this move for her business because technological advances allow:.

Answers

Thanks to technology, almost anyone to be global, with two varying results: Small companies can get started more easily but move slower.

Facts about Internet commerce Allows for more access to customers from around the world. Increases chances of profitability.

Small companies have smaller catalogues to sell and so can easily get involved in internet commerce. They however, are not as rich as large companies which means that they will not be able to invest enough to move as fast as large companies.

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4 types of resources an entrepreneur will need to start a new business​

Answers

Answer:

small business, scalable startup, large company , and social

Explanation:

this are resources of an entrepreneur will need to start a new business

human resources, finance, capital, land

Suppose the government wanted to develop a national high-speed rail network. The federal government supplies states with the money to do so but imposes very strict laws on how it will be spent. This type of funding is most likely to come from

Answers

This type of funding is most likely to come from a categorical grant. The money that the federal government gives to states and local organizations is referred to as a category grant. Project grants and formula grants are the main methods used to do this.

Grants with specific categories include those for Head Start, Medicaid, and food stamp programs. They describe the purposes for which the money is to be used and give funds for particular government agencies or initiatives.

Project grants, formula grants, formula-project grants, and open-reimbursement grants are a few examples of categorical grants. Grants with open-reimbursement arrangements are made after the fact and reimbursed for expenses, as with Medicaid.

Formula grants are determined by a mathematical formula depending on the population of a state and other variables. Grant money earmarked specifically for projects or categories is known as a project grant.

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If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.

Answers

Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.

What is Consumer Choice

Consumer choice refers to the aspect of microeconomics  that deals with the decisions  consumers make with regard to products and services.

     This involves how consumers decide which products to purchase or consume over time.

Factors affecting Consumer Choice

Psychological FactorsSocial Factors.Cultural factorsPersonal FactorsEconomic Factors

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If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 in 90 days, it could:___________.
a. obtain a 90-day forward purchase contract on euros.
b. sell euros 90 days from now at the spot rate.
c. obtain a 90-day forward sale contract on euros.
d. purchase euros 90 days from now at the spot rate.

Answers

A 90-day forward-sale purchase contract will help to reduce or eliminate the risk facing the U.S. Firm.

What is a Forward sale Contract?

This refers to a special contract between two parties to purchase or sell an asset at an agreed price on a future date.

The fact that the price has been set and agreed upon protects the parties from fluctuations, which in this case, is exchange rate risks.

The correct answer, thus, is A.

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In year 1, Casa Corp. has depreciation expense for income statement purposes of $20,000. The depreciation deduction on the tax return was $30,000. The enacted tax rate is 40%. Casa's pretax income for the year was $100,000, and its taxable income was $90,000. If this is the only difference between pretax income and taxable income, the journal entry to record tax expense for the year would include which of the following entries?
i. credit deferred tax liability of $36,000
ii. debit tax expense of $40,000
iii. credit deferred tax liability of $4,000
iv. credit taxes payable of $36,000
v. debit deferred tax asset of $10,000

Answers

Based on the tax rate, the pretax income, and the taxable income the following entries should be recorded:

Credit deferred tax liability of $4,000. Debit tax expense of $40,000.Credit taxes payable of $36,000.

Why should these entries be made?

The entire tax will be debited to the tax expense account which is:

= 100,000 x 40%

= $40,000

The taxes payable however, will be based on taxable income:

= 90,000 x 40%
= $36,000

The deferred tax liability will be the difference between tax expense and tax payable:

= 40,000 - 36,000

= $4,000

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A cabinetmaker is seeking a new customer for a business that makes expensive
cabinets. The cabinetmaker has identified a group of potential customers with high
incomes.
Which method of segmentation is the owner using?
- Behavioral
- Geographic
- Psychographic
- Demographic

Answers

Answer:

It is Demographic

Explanation:

I just took the test

After the Soviet Union collapsed, state assets were sold off quickly and at an extremely undervalued price, and some well-connected entrepreneurs managed to amass huge amounts wealth and quickly became extremely unpopular among the public because of their dominate political influence and control over media outlets. What is the term given to these influential and asset controlling individuals

Answers

The term given to these influential and asset-controlling individuals after the collapse of the Soviet Union was Russian Oligarchs.

Who were the Russian Oligarchs?

Generally, Oligarchs are business leaders wielding significant political-economic influence.  In Russia, the well-connected entrepreneurs amassed excessive wealth from government patronage.

This excessive wealth-amassment alienated them from the Russian public and they became unpopular.  Many of them decided to take up residency outside Russia.

Thus, the term given to these influential and asset-controlling individuals after the collapse of the Soviet Union was Russian Oligarchs.

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If a price floor is not binding, then a. the equilibrium price is above the price floor. b. there will be a surplus in the market. c. the equilibrium price is below the price floor. d. there will be a shortage in the market.

Answers

When a price floor is not binding, the equilibrium price is above the price floor.

What is a price floor?

A price floor is when the government or an agency of the government sets the minimum price of a good or service. It is binding when the price floor is set above equilibrium price. It is nonbinding when it is set below equilibrium price.

Equilibrium price is the price at which quantity demanded is equal to quantity suppled. Price floor is usually set for agricultural goods.

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A town is replacing a sidewalk that serves five homes. The length of the sidewalk is 200 feet. Mary's property has 38 feet of front footage. If the cost of the project to be paid by a special assessment is $7,000, what will Mary's assessment be?
a. $1,400.
b. $1,330.
c. $184.
d. $1,840.

Answers

Answer:

B

Explanation:

This looks like a straight proportion question.

38 feet = x dollars

200 feet = 7000 dollars         Cross Multiply

200x = 38 * 7000                    combine

200x = 266000                       Divide by 200

x = 266000/200

x = 1330

Select the education or qualification that is best demonstrated in each example. Anastasia is a School Social Worker with a four-year college degree. Vikram is a Religious Activities Director who plans activities and events. Summer is a Sociologist who collects and records information about people and their behavior. Jayden interviews people to figure out whether they qualify for government assistance.

Answers

Based on the activity that each person is engaging in, the education or qualification best suited for them are as follows:

Anastasia - Bachelor's degree. Vikram - Planning and organizational skills.Summer - Research skills. Jayden - Communication skills.

How are the above demonstrated?

Anastasia is engaged in a Bachelor's degree program as these are given by colleges and usually last for four years. Vikram is using planning and organizational skills to plan the needed activities and events.

Summer is using research skills to collect and record information about people, and Jayden needs communication skills to be able to interview people.

In conclusion, various skills are needed to accomplish various tasks.

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Answer:

1. Anastasia is a School Social Worker with a four-year college degree.

✔ bachelor’s degree

2. Vikram is a Religious Activities Director who plans activities and events.

✔ organizational skills

3. Summer is a Sociologist who collects and records information about people and their behavior.

✔ research skills

4. ayden interviews people to figure out whether they qualify for government assistance.

✔ communication skills

Explanation:

HAVE A GOOD DAY

Which nims management characteristic helps to eliminate?.

Answers

Answer:

Chain of command and unity of command help to ensure clear reporting relationships exist and eliminate the confusion caused by multiple, conflicting directives. Incident managers at all levels must be able to control the actions of all personnel under their supervision.

Ham and eggs are complements. If the price of ham rises, the demand for eggs will.

Answers

Answer:

true

Explanation:

Answer:

Explanation:

Decrease

Give justification


An investment firm rates bonds for Aard Co Inc. as "B+," while bonds of Deva Corp. are

rated "AA." Which level of measurement would be appropriate for such data?

A) Nominal

B) Ordinal

C) Interval

D) Ratio

Answers

Yea ma’am she will get you in the back of your house in a while and then

In the first stage of the B2B buying process, the buying organization recognizes, through either internal or external sources, that it has a(n) ______ need.

Answers

The recognition of the buying organization in the first stage of the B2B buying process through either internal or external sources, shows that it has an

Unfilled need

What is a Need?

This refers to those things which a person cannot do without and would try to get to ensure survival and this also applies to businesses.

With this in mind, we can see that the B2b purchases has a process which it follows which includes:

Recognizing a needAnalysing possible solutionsDefining product requirements, etc.

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An economic transaction in which one party trades a good or service for another good or services is called.

Answers

Answer:

Bartering

Explanation:

Bartering involves the provision of one good or service by one party in return for another good or service from another party.

Which of the following is an example of inventory at a company? A. A scooter that has been purchased at a store by a customer B. An employee who provides technical expertise C. Fancy dishes and silverware used at a restaurant D. A list of products that a hardware store wants to order.

Answers

Inventory refers to the stock held by the company. An example of inventory could be "Fancy dishes and silverware used at a restaurant".

What is an inventory?

Inventory can be defined as the stock of goods or raw materials held by the company for further production or for sales.

Inventory varies from business to business. For example, for a scooter dealer, the scooters available at the store are his inventory.

For a restaurant business, the dishes, bowls, other utensils, tables, oil, and so on are considered as inventory.

Therefore, the correct option is C.

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Answer is  C

Fancy dishes and silverware used at a restaura

You can use the continuous feedback loop known as the ______ cycle to ensure you're headed in the right direction once you've made plans.

Answers

It is important one uses the planning and controlling cycle to ensure we are headed in the right direction once you've made plans.

What is the planning and controlling?

Both the planning and controlling are important function of management because one's activities helps to accomplish the planned objectives while the other direct and monitor business process,

In conclusion, the adoption of the planning and controlling cycle is important in ensuring we are headed in the right direction once you've made plans.

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Saban Ironworks most recent reported free cash flow was $419.5 million. You project that the FCF will grow at a constant rate of 8% forever. If Saban's WACC is 12%, the firm has $2,580.5 million in outstanding debt, no preferred stock, and 250 million shares of common stock, what is the intrinsic value per share of the common stock assuming the firm holds only operating assets

Answers

Answer:

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize fonexpectedly to $26 per share.

Sweet Dreams sells pillows for $25 each. Variable costs are $15 per pillow. The company is considering improving the quality of materials which will increase variable costs to $19. The company expects the improved materials will increase sales from 1,200 to 1,500 pillows per month. The impact of this change on total contribution margin would be a(n): __________

Answers

The impact of this change on total contribution margin would be : decrease in contribution margin by $3,000

What is contribution margin?

Contribution margin is a product's price minus all associated variable costs, resulting in the incremental profit earned for each unit sold.

In this question, we have to apply the contribution margin formula which is shown below:

Contribution margin = Sales - variable cost

Where,

Sales =  Selling price per pillow × number of pillows sold

= $25 × $1,200

= $30,000

And, the variable cost

= Variable cost per pillow × number of pillows sold

= $15 × $1,200

= $18,000

So, the contribution margin equals to

= $30,000 - $18,000

= $12,000

Now due to material improvement,

The new Sales

=  Selling price per pillow × updated number of pillows sold

= $25 × $1,500

= $37,500

And, the variable cost

= Variable cost per pillow × updated number of pillows sold

= $15 × $1,500

= $22,500

So, the new contribution margin equals to

= $37,500 - $22,500

= $15,000

Hence, the contribution margin decrease by $3,000 ($15,000 - $12,000)

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When mary parker follett referred to the use of communities within an organization, she meant that ______.

Answers

The statement by Mary Parker regarding community in organizations means that managers and subordinates should work together in order to solve issues.

What is a community?

It should be noted that a community consist of a group of people who work towards a common goal.

When Mary parker follett referred to the use of communities within an organization, she meant that managers and subordinates should work together in order to solve issues.

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Environmental sustainability concerns have declined steadily over the past three decades. True False

Answers

Answer:

False ! :)

Explanation:

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