How much should the general manager receive

Assignment Help Accounting Basics
Reference no: EM133180963

Question - The bonus agreement of ABC Company provides that the general manager shall receive an annual bonus of 10% of the net income after bonus and after tax. The income tax rate is 32%. How much should the general manager receive for the year as bonus if the pre-tax income after bonus is P2,500,000?

Reference no: EM133180963

Questions Cloud

Develop a schoolwide policy for the sas : If you were the dean of the SAS, knowing that the vice president does not want to set a collegewide policy, and Latoya appealed to you, what would you do?
Choosing the different execution styles : Your selection should show how the advertising agency worked to find style, tone, words, and format for executing the message. (explain )
What amount of oci is reclassified to retained earnings : At same date, the fair value of the land was estimated at P5,500,000 and the cost of disposal at 100,000. What amount of OCI is reclassified to retained earning
Types of compensation schemes : Plan 1 Max's Bicvales modifies the traditional svstem. While thev fol ow the same general scheme as ABC Widgets, they add a dimension of profit sharing where ea
How much should the general manager receive : The income tax rate is 32%. How much should the general manager receive for the year as bonus if the pre-tax income after bonus is P2,500,000
Inpatient and outpatient rehabilitation services : Well Again Services (WAS) is a nonunion employer that provides inpatient and outpatient rehabilitation services at various facilities in Iowa, most of them in t
Determine the cash payments made during may : During May, cash receipts totaled $345,600 and the May 31 balance was $95,230. Determine the cash payments made during May
Determine the adjusted shareholder equity of ll : Issued 800,000 ordinary shares with a par value of 3 per share at 5 per share on January 10. Determine the adjusted shareholder equity of LL
Component in terms of recruiting and maintaining talent : Benefits are a key component in terms of recruiting and maintaining talent. Over the past years many companies are having to accept the reality that benefits ar

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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