Explain the tax rate
Sandstrom Corporation has an extraordinary loss of $150,000, an unusual gain of $105,000, and a tax rate of 40%. At what amount should Sandstrom report each item?
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How does the rate earned on total assets differ from the rate earned on stockholders' equity? Which ratio is normally higher? Explain.
The following define-benefit pension data of doreen Corp. apply to the year 2008. projected benefit obligation, Jan. 1,2008 before amendment.
Using standard costing what is labor rate variance? Actual cost of direct material purchased and used: $115,010.
Healthy Snacks Inc. buys desserts from a caterer at $16.00 per unit and sells them at coffee shops. They have been thinking about buying an oven so they can make the desserts themselves.
Clark, a 12-year-old child, lives with his parents. During the current year, Clark earned $2,400 delivering newspapers. This was his only income.
Global.Com has cash of $75,000; short-term notes payable of $100,000; accounts receivables of $275,000; accounts payable of $135,000: inventories of $350,000; and accrued expenses of $75,000. What is Global's net working capital?
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