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valentina_108 [34]

3 years ago

13

An arby's franchise has a net income before taxes of $900,000. the company's treasurer estimates that 40% of the company's net i

ncome will go to federal and state taxes. how much will the arby's franchise have left?

1 answer:

babunello [35]3 years ago

6 0

I think it would be like 500,000

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Using the Base Case, calculate total depreciation expense for the year 2023E. Assume that depreciation expense on assets pre-202

balu736 [363]

Answer:

b) $33,000

Explanation:

Capital Expenditure = $20,000

Salvage Value in % = 10%

Useful Life = 4 Years

Salvage Value = Salvage Value% * Capital Expenditure

Salvage Value = 10% * 20,000

Salvage Value = $2,000

Annual Depreciation = (Capital Expenditures - Salvage Value) / Useful Life

Annual Depreciation = ($20,000 - $2,000) / 4

Annual Depreciation = $18,000 / 4

Annual Depreciation = $4,500

Depreciation of 2023E = Depreciation Pre 2020E + Depreciation on capital expenditures in 2020E + Depreciation on capital expenditures in 2021E + Additional Depreciation on capital expenditures in 2022E + Additional Depreciation on capital expenditures in 2023E

Depreciation of 2023E = $15,000 + $4,500 + $4,500 + $4,500 + $4,500

Depreciation of 2023E = $33,000

7 0

3 years ago

Accounting is indispensable to management discuss?

Anastaziya [24]

Accounting is one of the main components to being able to manage a company, their inventory, assets, revenue and debt. Without the methods of accounting, how would management be able to understand how to business is doing financially so they can continue what they are doing or find new solutions? Management accounting focuses on gathering data from internal and external sources and turning it into factual data that a company uses to make decisions.

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3 years ago

Assume that the reserve requirement is 20 percent. First National Bank has vault cash and deposits with the Fed of $80 million,

drek231 [11]

Answer:

The answer is (c) First National Bank is not in a position to extend additional loans.

Explanation:

Please find the below for detailed explanation and calculations:

The First National Bank current reserve ratio is calculated as : Vault cash and deposits of the Bank with the Fed/ Total demand deposits of the Bank = $80 million / $400 million = 20%.

As the First National Bank' reserve ratio is now equal to the Fed's Reserve Requirement, First National Bank can not further extend its loan portfolio's balance, otherwise, its reserve ratio will fall below Fed's requirement which is not acceptable.

So, the answer is (c).

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Dennis_Churaev [7]

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WARRIOR [948]

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