The following information is given:

Income before interest and tax $20,000

Debt capital $100,000

Interest on debt capital 5%

Tax rate 30%

What is the amount of tax paid for the year?

The amount of tax paid for the year is $ [blank]

Which of the following is a type of experiment? a. observation b. simulation c. test market d. Both b and c are correct.

Why is the price system an efficient way to allocate resources

Aundria's husband passed away in 2017. Since then, she has maintained a home for herself and her son, Brandon (15).

If women only have two children, what will our population do by 2150? grow to 8.7 billion grow to 10.8 billion decrease to 4 billion decrease to 5.3 billion none of the above

A ___ enforces government regulations in a specific area of the economy

Sweet Cream is an ice cream manufacturer. It sells Guilt-Free, a zero-calorie ice cream, which competes with Flavor Bell's Moo Sweet, a low-calorie ice cream. Flavor Bell reduces Moo Sweet's prices to match Guilt-Free's prices.

Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. finance/accounting B. research and development C. production/operations D. marketing

If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?

All else equal, active retention is a good option for firms: a. That have highly liquid assets b. That do not have a lot of debt c. Whose losses are predictable d. all of the above e. none of the above

Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs.