While the year is not over, Z-ban Corporation is expecting net operating income for 2020 to be
Fantastic news! We've Found the answer you've been seeking!
Question:
While the year is not over, Z-ban Corporation is expecting net operating income for 2020 to be about $750,000. The corporation makes quarterly charitable contributions of $35,000, and has already contributed $140,000 this year. Should the corporation move up the first two quarter contributions of 20 21, to contribute an additional $70,000 before the end of 2020?
Expert Answer:
Answer rating: 100% (QA)
Yes the corporation can be able to move up the first twoquarter contributions of 2021 this because t... View the full answer
Posted Date:
Students also viewed these accounting questions
-
The town council of Riverside estimated revenues for 2020 to be $685,000 from property taxes and $165,000 from business licenses. The appropriations budget from the council was as follows: In April,...
-
The probability that a corporation makes charitable contributions is .72. Two corporations are selected at random, and it is noted whether or not they make charitable contributions. a. Draw a tree...
-
What is the correct answer (with the appropriate number of significant figures) for the calculation of 7.5+ 2.26 + 1.311+ 2? 13 13.071 10 13.0
-
Find f. f(x) = f'(x) = 12x + X x > 0, f(1) = -4
-
Repeat the previous problem for a 40-strike 180-day put.
-
1. What problems did IGT face before the implementation of the ERP system? 2. How does the new system help control processes? 3. Compared to the situation in 2002, what are the benefits of the ERP...
-
It is said that "the higher the MARR, the higher the price that a company should be willing to pay for equipment that reduces annual operating expenses." Explain the reasoning behind this statement.
-
The Pfeiffer Company manages approximately $15 million for clients. For each client, Pfeiffer chooses a mix of three investment vehicles: a growth stock fund, an income fund, and a money market fund....
-
If demand is such that, then P = 40 - 20 a.MR = 400-202 b. MR = 40-40 C. MR 40-Q
-
Perfect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of June. The Controller...
-
All operating systems have a set of "kernel" code that contains the basic core of the operating system. The kernel code allows the user to control the hardware and many of the applications used by...
-
James, Inc., a large mail-order catalog firm, is thinking of expanding into Canada. The Buffalo district office would manage the expansion and must decide how much to spend on the advertising...
-
The monthly earnings of financial analysts are normally distributed with a mean of $5,700. If only 6.68 % of the financial analysts have a monthly income of more than $6,140, what is the value of the...
-
Describe why international agreements are difficult.
-
The number of claims filed each week with Security Insurance Company has a mean of 700 and a standard deviation of 250. Calculate the probability that the number of claims this week will be: (a)...
-
Suppose the grades of students were normally distributed with a mean of 73 and a standard deviation of 15. (a) If 10 % of her students failed the course and received Fs, what was the maximum score...
-
48) Following the global financial crisis in 2008-2009, the economy of Greece fell apart and has struggled to regain strength. What is one reason for the demise of the Greek economy? A) Closing...
-
Problem 3.5 (4 points). We will prove, in steps, that rank (L) = rank(LT) for any LE Rnxm (a) Prove that rank (L) = rank (LTL). (Hint: use Problem 3.4.) (b) Use part (a) to deduce that that rank(L) =...
-
The codon change (Gly-12 to Val-12) in human H-ras that converts it to oncogenic H-ras has been associated with many types of cancers. For this reason, researchers would like to develop drugs to...
-
Outline the general strategy used in metagenomics.
-
You need to understand the approach described in question 3 in More Genetic TIPS before answering this question. A muscle-specific gene was cloned and then subjected to promoter bashing. As shown...
Study smarter with the SolutionInn App