Frahm Company incurred a first quarter operating loss before income tax effect of $4,000,000. This is a normal occurrence for Frahm because of seasonal fluctuations. Experience has demonstrated the income earned during the remaining quarters far exceeds the first quarter losses each year. Frahm estimates its annual income tax rate will be 30 percent. What net loss should Frahm report for the first quarter?

Answers

Answer 1

Answer: $2,800,000

Explanation:

From the question, we are informed that Frahm estimates its annual income tax rate will be 30 percent and incurred a first quarter operating loss before income tax effect of $4,000,000.

The net loss should Frahm report for the first quarter will be:

= $4,000,000 - (30% × $4,000,000)

= $4,000,000 - (0.3 × $4,000,000)

= $4,000,000 - $1,200,000

= $2,800,000


Related Questions

A developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area. The owners of the older, lesser-valued houses in the neighborhood may find that the values of their homes are affected by what principle

Answers

Answer:

Progression

Explanation:

Progression in real estate occurs when the property in a given area improves in value as a result of more expensive property bring built in the area.

This is one major way real estate appreciates in value. Some property owners wait for others to develop the area and naturally their own property appreciates in value.

In this scenario the developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area.

Trident's corporate headquarters has assessed the performance of its various unrelated business units. In allocating money across these units, Trident uses its general organizational competencies to:

Answers

Answer: Increase value through internal capital market

Explanation: The general organizational competence may be regarded as the skills, personalities or industrial expertise showcased or exhibited by employees of a firm particularly it's top ranking workers who are involved in critical decision making. These competencies could help foster strategic plans required to accelerate the growth and development of the organization. Venturing into different markets by organizationa is called unrelated diversification which is the case with Trident as described in the scenario above, the method of resource and funding allocation on the basis performance of each of the business performed by the corporate headquarters which is achieved through general organizational competence has helped increase organization's value through internal capital markets.

In the second case study, why did the court MOST likely feel that the agent's limited dealings with the buyer did not constitute the creation of an agency? A) The agent never spoke directly with the buyer. B) Dual agency is illegal. C) The buyer and agent did not complete an agency agreement, either oral or written. D) The buyer did not like the agent from the very beginning.

Answers

Answer:

C) The buyer and agent did not complete an agency agreement, either oral or written.

Explanation:

Agency agreement, which is a binding contract between an agent and another person, (most likely a buyer) is an important document which helps to establish the relationship between both and the agency which renders the help. Since, there was no agreement whether oral or written, their dealings do not constitute the creation of an agency.

Alto Company issued 7% preferred stock with a $100 par value. This means that: Multiple Choice Only 7% of the total paid-in capital can be preferred stock. Preferred shareholders are entitled to 7% of the annual income. The amount of the potential dividend is $7 per year per preferred share. Preferred shareholders have a guaranteed dividend. The market price per share will approximate $100 per share.

Answers

Answer:

The amount of the potential dividend is $7 per year per preferred share.  [$100 x 7%] = $7

Explanation:

The preferred stockholder will receive $ 7 per share held each year provided there are sufficient net income to distribute those dividend.

Which transaction or event required the journal entry: debit Interest expense for $250 and credit Interest payable for $250

Answers

Answer:

Loan or loan note with a specific interest rate

Explanation:

When the firm has taken a loan from the bank or issued loan notes which have the specific interest rate or coupon rate respectively paid in arrears. The interest expense will accrue each year with the entry by debiting the interest expense and crediting the interest payable and when the interest will be paid the entry will be credit cash and debit interest payable.

Which of the following will happen when the economy makes the transition from its short-run equilibrium to its long-run equilibrium? (Note: Do not adjust the graphs to reflect the transition to the long run.) Check all that apply.
A. The price level will fall.
B. The demand for money will fall.
C. The equilibrium interest rate will rise.

Answers

Answer:

C. The equilibrium interest rate will rise.

Explanation:

According to the question, When the economy made the transition from the short run equilibrium to the long run equilibrium than there is a rise in the supply that results in rise in the nominal wages but the real wage would remain unchanged or constant

Therefore the option c is correct and the rest of the options are wrong

Answer:

C. The equilibrium interest rate will rise.

Explanation:

Nominal wages, prices, and perceptions adjust upward to this new price level.

Computing cash flows from financing LO P3 Additional short-term borrowings $ 20,000 Purchase of short-term investments 5,000 Cash dividends paid 16,000 Interest paid 8,000 Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)

Answers

Answer:

Cash flows from Financing Activities $4,000

Explanation:

Computation of cash flows from financing activities

Additional short-term borrowings $20,000

Less Cash dividend paid ($16,000)

Cash flows from Financing Activities $4,000

Therefore the Cash flows from Financing Activities will be $4,000.

The general expenses necessary to run the business are called Question 30 options: operating expenses. annual projections. 10-year forecasts. profits.

Answers

Answer:

Operating expenses

Explanation:

Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .

Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.

Examples include rent , payroll ,transportation , security fees among others.

Answer:

operating expenses

Explanation:

textbook

Assume that you plan to buy a share of XYZ stock today and to hold it for 2 years. Your expectations are that you will not receive a dividend at the end of Year 1, but you will receive a dividend of $9.25 at the end of Year 2. In addition, you expect to sell the stock for $150 at the end of Year 2. If your expected rate of return is 16 percent, how much should you be willing to pay for this stock today?

Answers

Answer:

Price to be paid today = $118.35

Explanation:

The price of a share can be calculated using the dividend valuation model  

According to this model the value of share is equal to the sum of the present values of its future cash dividends discounted at the required rate of return.  

The model can applied as follows:

PV of dividend = D×(1+r) ^(-n)

D- dividend , r - required rate , n- number of year

D- 9.25,  r - 16%, n = 2

PV of dividend = 9.25 × (1.16)^(-2)= 6.9

PV of disposal value

PV of dividend = F ×  (1+r) ^(-n)

D- disposal value  , r - required rate , n- number of year

PV of disposal value  = 150 × (1.16)^(-2)= 111.47

Price to be paid today

Total present value  =  6.9  +  111.47  = 118.35

Price to be paid today = $118.35

The span of control for a manager: a. should never exceed 7 subordinates. b. varies somewhat from manager to manager, but most managers operate best with a span of control of about 9 employees. c. depends on a number of factors, and can vary from one manager, location and type of employees. d. is no longer a relevant issue in this day of computerized offices .

Answers

Answer:

c. depends on a number of factors, and can vary from one manager, location and type of employees.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of supervising and ensuring his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.

In Business management or human resource management, span of control can be defined as the number of subordinates or junior level staffs who are directly controlled by a superior (manager).

Basically, the span of control for a manager depends on a number of factors, and can vary from one manager, location and type of employees.

This ultimately implies that, span of control is directly proportional to the organizational structure and any other factor around them.

Dave, the president of a small corporation, has a wild weekend. He spends a night with a prostitute, gambles illegally, drinks excessively, and uses drugs. Some would suggest he has committed various

Answers

Answer:

victimless crimes.

Explanation:

A harmless wrongdoing is an unlawful demonstration that is consensual and comes up short on a griping member, including such exercises as medication use, galnblina, sex entertainment, and prostitution. Nobody is hurt, or if hurt happens, it is discredited by the educated assent regarding willing members.

Dave, the president of a small corporation, is committing victimless crimes.

What are the Victimless Crimes?

An illegal act that usually only directly concerns the perpetrator or takes place between two willing adults is referred to as a "victimless crime." It is debatable whether a victim is involved because it is very much in nature.

A victimless crime occurs whenever the victim is not aware of the crime or the harm that has been done to him. Victimless crimes include many things.

Public order violations are another name for victimless crimes. Gambling is the most frequently mentioned victimless crime, and there has been some debate about whether crimes fall under this category. Crimes that cause injury to another person are not regarded as victimless crimes.

Learn more about Victimless Crimes here:

https://brainly.com/question/13274305

#SPJ5

function of the money.​

Answers

Answer:

The function of money is that it allows us to buy things and exchange it for things we want.

Those who make dispositional attributions regarding poverty and unemployment tend to adopt political positions that:________

a. offer more direct support to the poor.
b. are unsympathetic to the poor.
c. tend to blame the poor for their problems.
d. are more neutral regarding poverty and unemployment.

Answers

Answer:

a. offer more direct support to the poor.

Explanation:

You were asked to provide a report on performance of the project. The project is composed of 6 phases with each phase lasting for 2 weeks and an approved budget of $10,000 for the entire project. You are now at end of week 6. At this point you've spent exactly half your budget and the work that was planned for phases 1, 2, and 3 has been completed.
A. Project is on time and on budget
B. The project is on time, but we cannot determine whether the project is on budget
C. The project is on budget, but we cannot determine whether the project is on time
D. It's impossible to tell anything

Answers

Answer:

Option B. The project is on time, but we cannot determine whether the project is on budget

Explanation:

Each of the phase takes 2 weeks and $100,000 and at the end of the week 6 we can say that 3 phases of the project have been completed. Therefore, the task of completing 3rd phase is within time (3*2=6), which means that the project is on time.

But here we can't tell which phase exceeded the budget and which didn't exceeded the budget. So this can not be estimated here because of lack of information. Hence we can say that we are unable to form opinion on whether the project was on budget or not.

Communicating public information messages internally to the workforce is important because it allows the PIO to: A. Enlist support and involvement of organization personnel while communicating a consistent message B. Demonstrate commitment to the organization C. Test the message on a " safe" audience D. Add to the measurable statistics

Answers

Answer:

A. Enlist support and involvement of organization personnel while communicating a consistent message

Explanation:

The PIO (public information officer) is responsible for managing communications with the media, public and other agencies regarding information on incidents. The PIO coordiantes information between the incident commander and the staffs and between the emergency operations center. The communication and coordinating of information internally is important because it allows for organization personnel involvement and leads to dissemination of a consistent information

AARP is a powerful political interest group that also maintains a lucrative business providing health and life insurance to its members. What does AARP's strategy suggest about an interest group's ability to secure financial stability

Answers

Answer:

In simple word, The given case relates to the practice of saving the lobbying interest by the political groups using monetary transaction and rules. It is beneficial for such a lobby group to set up a non-profit company.

Community groups can gain financial security by establishing non-profit organisations inside the organization. AARP uses the money from its insurance company to fund its legislative activities.

Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the depositor instructing the bank to pay a specified amount of moneyC. A record set up by a bank for its customerD. Explains the reason for paymentsE. Electronic transfer of cash from one party to another.a. Deposit ticket b. checkc. bank accountd. Remittance advicee. Electronic funds transfer

Answers

Answer:

A. Deposit ticket: List currency coin and checks deposits into an account.

B. Check: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Explanation:

A. Check: List currency coin and checks deposits into an account.

B. Deposit ticket: A document signed by the depositor instructing the bank to pay a specified amount of money.

C. Bank account: A record set up by a bank for its customer.

D. Remittance advicee: Explains the reason for payments.

E. Electronic funds transfer: Electronic transfer of cash from one party to another.

Margarita, age 30, used to work 80 hours a week as a corporate lawyer. this year she quit her job to take care of her five-month-old daughter. she is currently not looking for a job. the survey conducted by the bureau of labor statistics will count margarita today as choose one:

a. not in the labor force.

b. not in the working-age population.

c. a discouraged worker.

d. employed.

e. unemployed.

Answers

Answer: a) Not in the labor force

Explanation:

The category of people not in the labour force are those who either have no interest in working for someone, have retired, or has resigned(with no intentions to work for anyone). This category of persons have no interest in taking up job positions as they want to either rest, face another aspect of their life or can't work again due to their age. Margarita is in the category of those not in the labour force as she looks towards taking care of her daughter and won't be in for any job at the moment.

In increasingly fast-paced markets, price and technology are not enough. ________ is the factor that will often give a company its competitive edge and is defined as the totality of features that affect how a product looks, feels, and functions in terms of customer requirements

Answers

Answer:

Design

Explanation:

Product design involves development of of ideas that will lead to new or different areas products.

Design of a product gives it a unique looks, feels, and functions in terms of customer requirements.

This provides a competitive advantage to the seller by differentiating this product from others in the market.

For example customers that purchase Sony televisions enjoy a unique quality that is associated with Sony televisions. They prefer to buy this product because of these unique traits

For February, sales revenue is $900,000, sales commissions are 5% of sales, the sales manager's salary is $96,000, advertising expenses are $80,000, shipping expenses total 2% of sales, and miscellaneous selling expenses are $2,100 plus 1/2 of 1% of sales. Total selling expenses for the month of February are

Answers

Answer:

$245,600

Explanation:

The computation of Total selling expenses is shown below:-

Particulars                         Calculation                 Amount

Sales Commissions   ($900,000 × 5%)              $45,000

Salary expenses                                                   $96,000

Advertising expenses                                          $80,000

Shipping expenses     ($900,000 × 2%)             $18,000

Miscellaneous selling  

expenses                     ($2,100 + 1 ÷ 2 ×               $6,600

                                      ($900,000 × 1%)

Total Sales expenses                                             $245,600

We simply added all the items

A diversified company has a parenting advantage when it Multiple Choice results in supporting short-term economic shareholder value. avoids acquiring undervalued companies and thus reduces risks. is more able than other companies to create positive collaboration within its portfolio for different specialty groups and geographic locations. is more able than other companies to boost the combined performance of its individual businesses through its high-level guidance, general oversight, and other corporate-level contributions. manages a set of fundamentally similar business operations inside fundamentally similar industries and environments.

Answers

Answer: is more able than other companies to boost the combined performance of its individual businesses through its high-level guidance, general oversight, and other corporate-level contributions

Explanation: The parenting advantage is simply held by that company or organization who thrives more than it's competitors using strategic implementation and adding value to its individual operations in other to facilitate the performance of the company's businesses. Being able to outperform competitiors require high-level guidance and corporate strategy which involves the implementation of a well-defined blueprint designed through high level expertise capable aiding performance and value.

If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with your relationship.

a. True
b. False

Answers

The question is
True

A fishery with populations well below historic levels that has reduced reproductive capacity is called ___________.

Answers

It would be depleted.

Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Lily buys the property and then discovers that the street has no more traffic than any other in its vicinity. Lily is most likely a victim of Group of answer choices

Answers

Options :

a. ​mistake.

b. ​opinion.

c. ​an adhesion contract.

d. ​fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

The introduction of automatic elevator equipment allowed firms to handle the movement of people in a multistory building at less cost, thus decreasing the demand for elevator operators. The best explanation for this change is that the Multiple Choice marginal product of elevator operators was equal to its price. marginal product of automatic elevator equipment was equal to its price. marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators. marginal product of elevator operators divided by its price was greater than that for automatic elevator equipment.

Answers

Answer:

The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators

Explanation:

Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator

This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators

Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?

Answers

Complete Question:

Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?

Group of answer choices.

A. Critical infrastructure category

B. Unstructured threat category

C. Highly structured threat category

D. Structured threat category

Answer:

B. Unstructured threat category.

Explanation:

An unstructured threat category is a term which describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders.

"If a customer calls his registered representative and states the following: "I just got my account statement and I see that your recommendations have lost 15% in value. Clearly, you have made unsuitable recommendations and you will be hearing from my attorney." Which statement is TRUE under FINRA rules regarding how the representative should handle this?"

Answers

Answer:

The representative does not need to take any actions

Explanation:

The representative should not take any actions yet because the customer has not made his complaints in writing. Under FINRA, a customer's complaint is defined as one received by the company in writing through mail(hand written)or electronic mail(email). The financial regulatory authority abbreviated FINRA is a self regulatory organization and non governmental organization in the US that makes and enforces rules and best practices that govern brokerage/security/broker-dealer firms and safeguard the public against fraud and malpractices that might emanate from such firms.

Glenda, the plant manager for ABC Corporation, views the results from the latest survey of employee attitudes. The results show that job satisfaction in the manufacturing plant has dropped significantly since the last survey. This is a ________ source of change.

Answers

Answer:

Human resource problem

Explanation:

Human resources is defined as the people that make up the workforce of a business entity. It is also termed manpower, labour, and personel that make up the employee base of a company.

Considerations of human resources are welfare, benefits, hiring, training, and records. These activities have to be satisfactory to maintain a productive workforce.

In the given scenario Glenda views the results of job satisfaction in the manufacturing plant and notices it has dropped significantly since the last survey.

This is a sign that there is a problem related to the human resources of the company.

Job satisfaction will need to be improved to increase employee productivity

Bob has been training with you for three months. He has lost 15 pounds (7 kg) and has changed his eating habits. A new position with his company is going to require him to travel around the country almost every week. In terms to eating healthy in restaurants, what information would be most beneficial to him

Answers

Answer: Select smaller portions, order grilled items vs. fried, and limit sauces

Exercise often

Explanation:

Dieting asides it involving food has great discipline that is most important. In as much as an individual stops some meal or limit taking some, he needs to be consistent in the decision to stick by appying discipline in eating irrespective of their location, with the goal that was in the mind when the process began. Bob would have to continue with the same routine of food that made him loose weight and what I'll recommend for him would be Select smaller portions, order grilled items vs. fried, and limit sauces. Then, exercise often.

In the absence of a specific contract provision regarding the details of payment, the UCC provides that payment be made in full:A) within 10 days of the time and place that delivery occurs.B) within 20 days of the time and place that delivery occurs.C) within 30 days of the time and place that delivery occurs.D) at the time and place that delivery occurs.

Answers

Answer:

Correct Answer:

D) at the time and place that delivery occurs.

Explanation:

When there is no available specific contract provision between two or more individual over a business transaction, there will be difficulty in keeping track of the payment and it subsequent structuring. To overcome this, there is need to make payment at the time and place the delivery occurs.

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