In its annual income statement, fox co. reported incomebefore income taxes of $300,000. foxestimated that, because of permanent differences, taxable income would be $280,000, and during the year fox made estimated tax payments of $50,000, which were debitedto income tax expense. fox is subject to a 30% tax rate. what amount should fox report as income tax expense?

a. $50,000
b. $84,000
c. $34,000
d. $90,000

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

What is the cause of smoky exhaust?