Blossom Products Is Considering a Special Project That Will Increase

question 14

Multiple Choice

Blossom Products is considering a special project that will increase sales revenue by $60 000 without affecting costs.If the company has a tax rate of 25 per cent,what will be the after-tax profit?

• A) $ 60 000
• B) $ 45 000
• C) $ 15 000
• D) $105 000

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Definitions:

Damages

Compensation claimed by or awarded to a party who has suffered loss, detriment, or injury, whether physical, financial, or reputational.

Civil Law

A legal system originating in Europe, codified into comprehensive statutes, rather than case law, to govern private sector disputes.

Restatements

Scholarly works published by the American Law Institute, offering a comprehensive summary of common law and its application in specific areas of law.

Common Law

The body of law developed through decisions of courts and similar tribunals (the judiciary), as opposed to laws made by the legislature (statutory laws) or by executive action (regulations).