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Marizza181 [45]
3 years ago
8

The Venoid Corporation has an annual cash inflow from operations from its investment in a capital asset of​ $23,000 (excluding​

depreciation) each year for five years. The​ corporation's income tax rate is​ 30%. Calculate the total afterminustax cash inflow from operations for five years.
Business
1 answer:
statuscvo [17]3 years ago
3 0

Answer:

$80,500

Explanation:

Data provided as per the question

Capital asset = $23,000

Number of year = 5

Income tax rate = 30%

The computation of cash inflow from operations is as shown below:-

Before tax  = capital asset × number of year

= $23,000 × 5

= $115,000

Cash inflow from operations = Before tax × (1 - Income tax rate)

= $115,000 × (1 - 0.3)

= $115,000 × 0.7

= $80,500

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Answer:

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<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

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3 years ago
100 points
sattari [20]

Answer:D

Explanation:

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Answer: a. The y-axis intercept would decline, and the slope would increase.

Explanation:

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Answer:

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Explanation:

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