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Author Question: The Morris Corporation had net income before taxes of 7,635,000. Using Exhibit 18-6 from your text, ... (Read 69 times)

Pineapplelove6

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The Morris Corporation had net income before taxes of 7,635,000. Using Exhibit 18-6 from your text, calculate the amount of income tax due.

Question 2

In October, a hardware store purchased snow shovels for 8 each. The original markup was 50 based on the selling price. In December, the store had a sale and marked down the shovels by 20. By January 1, the sale was over and the shovels were marked up 15. In March, the store held a clearance sale of all winter tools by having a final markdown of 60. What was the final selling price of the shovels? (Round to the nearest cent)



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vish98

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Answer to Question 1

2,595,900

Answer to Question 2

5.89




Pineapplelove6

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


cdmart10

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Reply 3 on: Yesterday
Excellent

 

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