Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

Pinkneys Inc. had income before income tax of $164,900 last quarter and a 34% tax rate. What is the company's net income? $56,066. $220,966. $108,834.

Pinkneys Inc. had income before income tax of $164,900 last quarter and a 34% tax rate. What is the company's net income?

$56,066.

$220,966.

$108,834.

$(56,066).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting Working Papers Volume I

Authors: Belverd E. Needles

7th Edition

061839365X, 978-0618393657

More Books

Students also viewed these Accounting questions

Question

★★★★★

At 298 K a cell reaction has a standard cell potential of +0.17 V. The equilibrium constant for the reaction is 5.5 105. What is the value of n for the reaction?

Answered: 1 week ago

Question

★★★★★

At the beginning of its current fiscal year, Willie Corp.s balance sheet showed assets of $10,500 and liabilities of $6,200. During the year, liabilities decreased by $1,100. Net income for the year...

Answered: 1 week ago

Question

★★★★★

An experimenter finds a difference between an experimental group and a control group that is less likely due to chance and more likely due to the manipulation of the independent variable. This...

Answered: 1 week ago

Question

★★★★★

City Racquetball Club (CRC) offers racquetball and other physical fitness facilities to its members. There are four of these clubs in the metropolitan area. Each club has between 1,800 and 2,500...

Answered: 1 week ago

Question

★★★★★

Pinkneys Inc. had income before income tax of $164,900 last quarter and a 34% tax rate. What is the company's net income? $56,066. $220,966. $108,834. $(56,066).

Answered: 1 week ago

Question

★★★★★

Hong agrees to sell her car to Flora for $5000. They plan to make the exchange in 3 days. That night a tornado destroys Hong's car. If the subject matter of an offer is destroyed, the offer________...

Answered: 1 week ago

Question

★★★★★

As the new Head Chef of an Aged care facility, one of your main duty is to develop cyclic menus for the residents. The Aged care facility have 20 in-house resident as follows: Residents name Diet...

Answered: 1 week ago

Question

★★★★★

Q1- Assume a constant dividend per share for a firm at $ 2.69; the weighted average cost of capital as 16.The expected growth rate for the firm is 9.48.Determine the market price for the firm. Q2-...

Answered: 1 week ago

Question

★★★★★

Lotus company incurred the following maintenance costs during the past 9 months: Table 1 Months Room occupancy 1 120 2 210 3 50 4 160 5 430 Cost $ 4560 9780 2920 8280 20320 6789 6 80 3920 325 17140...

Answered: 1 week ago

Question

★★★★★

Gibbs' Theory of Reflection emphasizes that reflection should be: Question 4Answer a. A solitary and individual process b. Limited to specific timeframes and deadlines c. Integrated into ongoing...

Answered: 1 week ago

Question

★★★★★

A _____________________ integrates measures into a relatively simple way of tracking the critical success factors. Kaplan and Norton believe four categories of goals and measurement data need to be...

Answered: 1 week ago

Question

★★★★★

=+Do you want to work from home?

Answered: 1 week ago

Question

★★★★★

=+ What skills and competencies will enable someone

Answered: 1 week ago

Question

★★★★★

=+to live and work wherever he or she wants?

Answered: 1 week ago

Previous Question Next Question