Chapter 4, Problem 13DQ

Please need answer the accounting question not use ai

The average net profits expected in the future by Khalifa and Co. are RO. 30,000 per year. The average capital employed in the business by the firm is RO. 200,000. The normal rate of return on the capital employed in a similar business is 10%. Calculate goodwill of the firm by: 1. Super Profit Method on the basis of two-year purchase. 2. Capitalization Method.

What will it's net income be?

The total direct labor variance is

General accounting question

MCQ

Sproles Inc. manufactures a variety of products. Variable costing net operating income was $148,000 last year and its inventory decreased by 3,980 units. Fixed manufacturing overhead cost was $12 per unit. What was the absorption costing net operating income last year? a. $47,760 b. $148,000 c. $100,240 d. $195,760

Garner Grocers began operations in 2005. Garner has reported the following levels of taxable income (EBT) over the past several years. The corporate tax rate was 34% each year. Assume that the company has taken full advantage of the Tax Code's carry-back, carry- forward provisions, and assume that the current provisions were applicable in 2005. What is the amount of taxes the company paid in 2008? Year Taxable Income 2005-$3,200,000 2006 $200,000 2007 $500,000 2008 $2,800,00 a. $92,055 b. $96,900 c. $102,000 d. $107,100 e. $112,455

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