Tentec in sevierville, tennessee, makes commercial and amateur radio equipment, including receivers, transceivers, antenna tuners, linear amplifiers, and so on. their taxable income last year was $980,000. they have established a new line of electronic equipment that is on sale this year and that is expected to add another $150,000 to taxable income.

a. determine the effective tax rate on all of last year’s taxable income. b. determine the effective tax rate on all of this year’s taxable income. c. determine the incremental tax rate. d. determine the marginal tax rate this year.

Which of the following best describes why you need to establish goals for your program?

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Because the demand for wheat tends to be inelastic. true or false