As a new entrepreneur, anthony's magic number for 2013 is $42,000. if the current tax rate for his business is 30 percent, calculate the amount that anthony's firm would need to sell for him to get his magic number.

Answers

Answer 1

Final answer:

Anthony's firm needs to sell $60,000 worth of goods or services to achieve his magic number of $42,000 after taxes, assuming a 30 percent business tax rate.

Explanation:

The student is asking how much Anthony's firm would need to sell to achieve a magic number of $42,000, considering the business tax rate is 30 percent. To find the total sales required, we first calculate the amount that the $42,000 represents after tax is taken out, which means it is 70 percent (100% - 30% tax) of the total sales. The equation to solve is:

0.70 (Total Sales) = $42,000

We divide $42,000 by 0.70 to find the Total Sales:

Total Sales = $42,000 / 0.70 = $60,000

Therefore, Anthony's firm would need to sell goods or services worth $60,000 to achieve the magic number of $42,000 after a 30 percent tax.


Related Questions

How much schooling do you need to become a pediatric nurse?

Answers

5- 12 years of chologe

Final answer:

To become a pediatric nurse, you need to earn a Bachelor of Science in Nursing (BSN) degree and obtain a Registered Nurse (RN) license.

Explanation:

To become a pediatric nurse, you will need to complete a certain level of schooling. In general, you will need to earn a Bachelor of Science in Nursing (BSN) degree. This typically takes around 4 years to complete. Additionally, after completing your BSN, you will need to obtain a Registered Nurse (RN) license by passing the National Council Licensure Examination for Registered Nurses (NCLEX-RN).

Nadine works for an accounting firm. she makes enough money for herself and has bought a house with a top-notch security system. in the context of maslow's hierarchy of needs, nadine has fulfilled her _____ needs.​

Answers

In the given space provided, the answer is security needs. The safety or security needs revolve around of having to feel physically safe, secure with financial or personal security or being healthy in an over all as a well being in which Nadine has achieved one of them.

Suppose a professional basketball game is to be played at a suburbansuburban ​arena, which increases demand for parking on the night of the game. if the suburbansuburban area has thethe ability to create additional parking during periods of peak​ demand, then

Answers

If the local area is able to supply the extra needed parking then the price they can charge will increase for the night the game is taking place as the demand has increased and the supply can be expected to fill up regardless of the increase in price.

The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the ________.

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The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the Nearshore.

Several studies have indicated that strategic decision making is enhanced by using​ _____________.

Answers

The answer is strategic planning-- with strategic planning, a person may be able to understand and evaluate the problem that he or she is facing in which it is a process of enhacing and developing the strategic decision making that will help the individual to take action in terms of trouble.

A power line cut has isolated 50 sowbugs from its original population of 15,000. after only five generations, the new population exhibits dramatic genetic differences from the original one, most likely because

Answers

The reason why the new population exhibits dramatic genetic difference from the original one probably by chance, the allele frequencies of the isolated sow bugs differed from those in the original population, and subsequent genetic drift caused further divergence from the original gene pool.

Rose industries had 400 units of product ab in their inventory, costing $12 each. 600 more units of product ab were purchased for $18 each. rose industries eventually sold 700 units for $30 each. by what amount did the lifo liquidation overstate normal gross profit?
a.$ -0-
b.$1,200
c.$1,800
d.$ 600

Answers

The company in here is forced to sale their older inventory because of the demand of 700 units while the inventory that last entered their warehouse was only 600 units. Since they are following the LIFO method of inventory, LIFO liquidation will take place and the normal gross profit will differ than the actual profit. The sales for Rose Industries would be $21,000 (700 units x $30). The COGS should have been $12,600 (700 units x $18) following the normal sale of inventory giving the normal gross profit as $8,400 ($21,000 - $12,600). But since the demand is higher than the inventory that was last purchased, the company needs to sell 100 units of product ab that costs $12. Therefore, the COGS would be $12,000 [(600 units x $18) + (100 units x $12). Therefore the actual gross profit is $9,000 which is $600 higher than the normal gross profit.

The value of the bond at maturity, or the payment due at repayment, is known as the

Answers

This is known as face value or par value.

The value of the bond at maturity, or the payment due at repayment, is known as : face value or par value.

What is face value or par value

Face value can be defined as the amount that an investor will receive or be paid after the investor bond matures.

When an investors or bondholder purchases a  bonds the investor is expected to receive his/her face value.

Therefore The value of the bond at maturity, or the payment due at repayment, is known as : face value or par value.

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Is mercury an appropriate target for agi? why or why not?

Answers

Mercury is an appropriate target for AGI, yes mercury is. We believe that mercury is an appropriate M&A target for AGI and needed to be pursued. They need to pursued that mercury is the best and appropriate target for AGI. So the answer is yes, it is appropriate target for AGI, the mercury.

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Answers

PREDICTABILITY is key to successful employment, readiness, and use of reserve component forces. The predictability of job success depends on the job success itself. Predictability is important for the success of an employment. Every organization wants to achieve the predictable success.

If the purpose of an insurance policy is to protect property from loss or damage, the insurance is ______ insurance.

Answers

The insurance is part the plan.

Hope this helped!! :D have a great day.

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Answers

This is the CERT Resistance Management model. The Computer Emergency Response Team is able to work on security incidents and stop them before they do large-scale damage to companies' networks and their assets. These teams are more common to large companies, who may have larger batches of vulnerable data to protect.

A __________ is an alcove, usually found in a tea house, where a zen scroll or a simple flower arrangement may be displayed.

Answers

A Tokonoma is an alcove, usually found in a tea house, where a zen scroll or a simple flower arrangement may be displayed. Tokonoma is a built-in recessed space in a Japanese style reception room, in which items for artistic appreciation are displayed. In English, a tokonoma could be called an alcove.

Which of the following can increase your credit card's APR?
A.) Paying the minimum
B.) Missing a credit card payment
C.) Paying off the full balance
D.) Cashing in on rewards points

Answers

B) missing a credit card payment

When you miss a credit card payment, not only will your credit score go down, but your credit card company will charge you more which will increase your APR
B is the answer
Hope it helped!

You can further increase the usability of your form by adding a descriptive title to each fieldset. such a title is known as a ____.

Answers

A descriptive title for a fieldset in an HTML form is known as a legend. It improves usability and accessibility, and forms should have descriptive and meaningful titles when converted into HTML.

When creating a form in HTML, it's crucial to enhance its usability. This can be achieved by adding a descriptive title to each fieldset. Such a title is known as a legend. This practice not only helps form developers keep their content organized, but it also significantly improves accessibility for users, including those using screen readers. When the document is ever converted into HTML, it should be given a descriptive and meaningful title, to ensure clear communication of the form's purpose.

What has been the impact of offshore outsourcing of jobs on American workers?

Answers

1.) Many American workers lost their jobs

2.) Uneducated laborers are now becoming unemployed

3.) An education is more necessary to get a job/be employed

True or false - the power to levy federal income taxes rests with the u.s. congress

Answers

I believe this is true :)

What is the best way to increase the availability of ecotourism? fly in more people from around the world. reduce the prices so more people can afford the trips. increase the amount of protected lands, parks, and conservation areas. reduce the standards of ecotourism?

Answers

C. Increase the amount of protected lands, parks, and conservation areas.
Dis this in my test and the correct answer is C Increase the amount of protected lands, parks, and conservation areas

The motivating force behind an increase in supply in a long-run adjustment to equilibrium is

Answers

Economic profits that are present in the short run.

In the early days of book publishing, publishers functioned as:

Answers

The publishers in the early days of book publishing are considered to be no other than just a printer for they are able to publish books and have them written on a reading material which is why they are functioned to be as printers.

Philosophers draw a distinction between ___________________, which describe the world as it is, and normative statements, which describe how the world should be.

Answers

A. normative statement
Final answer:

Philosophers distinguish between positive statements and normative statements. Positive statements describe the world as it is, while normative statements describe how the world should be based on subjective opinions and values.

Explanation:

Philosophers draw a distinction between positive statements, which describe the world as it is, and normative statements, which describe how the world should be. Positive statements are factual and can be tested for truth or falsehood, while normative statements are subjective opinions based on values.

In programming terms, a group of characters inside a set of quotation marks is called a(n):

Answers

This is a string literal. These are characters that will appear exactly as typed in the output. Depending on the coding language used, there could be single or double quotation marks used as the delimiters for the string contained within.

Debra wanted to form a partnership with lawrence. he agreed and they became co-owners in an equal partnership. this year, after expenses, the partnership had a profit of $200,000. how will the taxation of this profit be handled?

Answers

They both have to pay taxes on that $200,000.

Most modern cars have __________ designs that weigh less and can be built more cheaply.

Answers

In my opinion, the correct answer is unibody designs. As opposed to body-on-frame design, a unibody means that the car's body is not separated from the chassis, and there is no need to support it with additional (heavy) parts. They are integral, which reduces the weight of the car, and naturally results in a smaller price. 

Snow​ productions, inc. reports a balance of​ $28,000 in accounts receivable and​ $3,450 in the allowance for uncollectible accounts. what is the net realizable value of the​ receivables?

Answers

On a company's balance sheet, accounts receivable is naturally stated as "accounts receivable, net." Meaning, accounts receivable minus the value of the allowance for doubtful or uncollectible accounts is equals to net realizable value. So for the problem, $28,000 - $3450 = $24,550 is the NRV.

Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you have to wait to buy the engine?

Answers

Amount = Principal ( 1 + interest rate) ^ years

$1000 = $600 ( 1 + .07 ) ^ years

$1000 / $600 = 1.07 ^ years

1.66667 = 1.07 ^ years

years = 8


A maple sugar manufacturer wants to estimate the average trunk diameter of sugar maples trees in a large forest. there are too many trees to list them all and take a srs, so he divides the forest into several hundred 10 meter by 10 meter plots, selects 25 plots at random, and measures the diameter of every sugar maple in each one. this is an example of a

Answers

I would say this is an example of a sample that is in part controlled ie 10m x 10m size samples and random ie by which plots to use for the sample. The goal is to obtain a representative sample so as long as the random samples are spaced fairly regularly throughout the area in question, then it should be reasonably representative.
Final answer:

The maple sugar manufacturer employs Cluster Sampling, a statistical sampling technique. Dividing the large forest area into smaller sections allows for effective data collection and offers a reasonable approximation of the overall average trunk diameter of the sugar maple trees in the forest.

Explanation:

This is an example of an Cluster Sampling methodology under the branch of statistics. By dividing a large area into small clusters (10 meter x 10 meter plots), the maple sugar manufacturer accurately estimates the average trunk diameter of the sugar maple trees. Each of the randomly picked 25 clusters serves as a representative subset of the whole forest. The method is particularly useful when the population of interest is not conveniently listed or is dispersed over a large area, such as trees in a forest.

Akin to this context, an example of similar application is when a scientist is studying large populations of deer in various forests. The scientist would divide each forest into clusters, perhaps by certain geographic landmarks, and then randomly select some of those clusters for blood testing.

By selecting and averaging the measurements from every sugar maple in each of the 25 plots, the overall average trunk diameter for sugar maples in the entire forest can be estimated with reasonable accuracy.

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The goal to identify whether some tasks are consistently performed poorly and/or whether there are deficient ksaos across the work force is known as:

Answers

The goal in order to identify if the task are performed in a poor or good manner and if there are any deficient KSAO’s in the workforce is known as the task analysis. This is a process about having to use observation as a way of having to understand tasks or details that are being performed and if the goal has been reach.

What property of waves is the worker taking advantage of by wearing ear protectors?

Answers

Workers wear ear protectors to block heavy sound waves such as loud, operating machinery at construction sites.

Which results from a large company's ability to take advantage of economies of scale?

Answers

Large companies have the ability to take advantage from the economies of scale through offering goods which are more affordable than other smaller retailers. This is because as the company grows, their unit cost decreases due to some factors caused by the economies of scale. 
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