What would be the amount of income before taxes

Assignment Help Financial Accounting
Reference no: EM13131860

The Accountand at Baxter Company has determined that income before income taxes amounted to 6,000 using the FIFO costing assumption.If the income tax rate is 30% and the amount of income taxes paid would be $300 greater if the average cost assumption were used, what would be the amount of income before taxes under the average cost assumption?

Reference no: EM13131860

Questions Cloud

Calculate the change in temperature : Calculate the change in temperature for 4.5g of CaCl2 dissolved in 90.0mL of H20. Assume that calorimeter absorbs no heat. (Ccal=0)
Interest on beginning capital balances : Jones, Silva, and Thompson form a partnership and agree to allocate income equally after recognition of 10% interest on beginning capital balances and monthly salary allowances of $2,000 to Jones and $1,500 to Thompson. Capital balances on January..
Linear programming-optimal assignment : An electronics firm produces electronic components, which it supplies to various electrical manufacturers. Quality control records indicate that different employees produce different numbers of defective items.
Find probability that exactly twelve of favor building : If 14 citizens of the neighborhood are chosen. A. Find the probability that exactly 12 of them favor building the police substation.
What would be the amount of income before taxes : the amount of income taxes paid would be $300 greater if the average cost assumption were used, what would be the amount of income before taxes under the average cost assumption?
What types of cost information are reported : types of cost information need to be reported to support different managerial purposes and decisions. What types of cost information are reported to support managerial purposes and decisions?
Words essay about othello by william shakespeare : minimum 1000 words essay about Othello by william shakespeare !! doublespace 12 size!!
What is the final volume of the gas : A 36.4 l volume of methane gas is heated from 15 degrees C to 98 degrees C at constant pressure. what is the final volume of the gas?
How do indirect costs affect the cost of a product : What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the calculation of final contract price

Evaluate the Calculation of Final Contract Price - What is the final contract price?

  Evaluate the pete''s gross income for calendar year

Evaluate the Pete's gross income for calendar year 2013?

  What is difference between a settlement and a curtailment

Determine the current year's overhead application rate

  What is the depreciation for 2007

What is the depreciation for 2007, if Baldwin Corporation uses the asset 9,100 hours and uses the units-of-production method of depreciation.

  Illustrate what should be the adjusted balance of allowance

During 2011, $37,500 of uncollectible accounts receivable were written off. Past experience indicates that 3% of net credit sales become uncollectible. Illustrate what should be the adjusted balance of Allowance for Doubtful Accounts at December ..

  Determine the potential legal liability the accountant

Determine the potential legal liability the accountant can face. Justify your position.

  Based on a recommendation of its board of directors

Based on a recommendation of its Board of Directors, Goochland decides to appropriate (restrict) $200,000 of its inappropriated retained earnings for plant expansion at some time in the future

  Calculate the budgeted quantity of plastic

Big Company manufactures keyboards. Management wishes to develop budgets for the upcoming quarter based on the following data: Calculate the budgeted quantity of plastic which needs to be purchased for the next quarter.

  Execute a detailed porter''s five forces analysis

Evaluate which of Porter's Three Generic strategies you may use as you rebuild The Broadway Cafe for the 21 st century.

  Illustrate what is the price of this stock today given

after which the company will keep a constant growth rate forever. Illustrate what is the price of this stock today given a required return of 12 percent?

  Show the effects of your entries

Show the effects of your entries in part (c) on your evaluation of these companies based on the return on assets ratio.

  What data may be considered as fraud risk factors

What data may be considered as fraud risk factors

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd