1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
emmainna [20.7K]
3 years ago
7

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $

6,100,000 and will be sold for $1,300,000 at the end of the project. If the tax rate is 35 percent, what is the aftertax salvage value of the asset
Business
1 answer:
djyliett [7]3 years ago
4 0

Answer:

$1,213,928

Explanation:

The calculation is given below:

Data provided in the question

Acquisition cost of an asset = $6,100,000

Sale value of an asset at the end of the project = $1,300,000

Tax rate = 35%

Therefore the after tax salvage value of the asset is

= $1,300,000 - ($1,300,000 - $6,100,000 × (11.52% + 5.76%)) × 35%

= $1,300,000 - $86,072

= $1,213,928

Refer to the MACRS table for the depreciation rate i.e 11.52% and 5.76%re

You might be interested in
An individual has $32,000 invested in a stock with a beta of 1.1 and another $48,000 invested in a stock with a beta of 1.3 If t
blagie [28]

Answer:

The beta of the portfolio is 1.22

Explanation:

In calculating the beta of the whole portfolio, we can calculate the weighted average beta of each stock .The sum of all weighted betas give the beta of the entire portfolio.

Beta of portfolio=amounted in first stock/entire amount invested*beta of the first+amount invested in second stock/entire amount invested *beta of the second stock

Beta of portfolio=($32000/($32000+$42000))*1.1+($48000/($32000+$48000))*1.3

Beta of portfolio=1.22

4 0
2 years ago
the act of an insurance company publishing misleading information about its policy provisions is called
tester [92]

Answer:

The right response is "False advertising". A further explanation is given below.

Explanation:

  • False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer.
  • Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.
3 0
2 years ago
2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many
melamori03 [73]
C would be the correct answer. Because you can divide 15 by 5 and then multiply 3 by 3.
6 0
2 years ago
When two or more nonunion employees act together to try to improve working conditions, or when a single employee approaches mana
sashaice [31]

Answer:

Protected Concerted Activity

Explanation:

Protected concerted Activity is a legitimate term utilized in labor approach to characterize representative security against manager counter in the United States. It is a legitimate standard under the subject of the opportunity of affiliation. The term characterizes the exercises laborers may participate in unafraid of boss reprisal. In nations where there is generally vigorous worker rejection insurance

The insurance of ensured purposeful action is to a lesser extent a particular lawful issue. In liberal market social orders like the United States, where it is relatively simple for a business to terminate a representative, the issue of ensured coordinated movement has become a significant work assurance.

7 0
3 years ago
Requirement 1. Compute the profit margin ratio for Achieve​'s Companies for 2018. Begin by selecting the formula to calculate Ac
tamaranim1 [39]

Given Information:

                         Achieve​'s Companies Income statement

                           Years ended May 31 , 2018 and 2017    

                                                                         2018                2017

Net sales revenue                                          51,200            50,700

Costs of goods sold                                       20,800           28,600

Interest expense                                              400                  280

All other expenses                                          6,200              7800

Net income                                                      23,800            14,020

Explanation:

(1) Profit Margin Ratio for 2018

Profit Margin Ratio for 2018 = [Net Income / Net Sales Revenue] x 100

= [$23,800 / $51,200] x 100

= 46.5%

(2) Rate of Return on total assets for 2018

Rate of Return on total assets for 2018 = [Net Income / Average Total Assets] x 100

= [$23,800 / {($86,700 + $57,700)/2}] x 100

= [$23,800 / $72,200] x 100

= 33.0%

(3) Asset Turnover Ratio for 2018

Asset Turnover Ratio for 2018 = Net Sales Revenue / Average Total Assets

= $51,200 / $72,200

= 0.71 Times

(4) Rate of return for Common Stockholders Equity for 2018

Rate of return for Common Stockholders Equity for 2018 = [Net Income / Average Equity] x 100

= [$23,800 / {($45,200 + $32,900)/2}] x 100

= [$23,800 / $39,050] x 100

= 60.9%

3 0
3 years ago
Other questions:
  • Sterling Inc. has two long-term notes outstanding. One is a five-year note for $50,000. An equal amount of principal must be rep
    13·1 answer
  • One of the reasons that services marketing has lagged behind product marketing is because marketing first developed to move prod
    11·1 answer
  • 15. Chef A insists that roux is the traditional thickener for bisque. Chef B insists that it's rice. Which chef is correct?
    9·2 answers
  • At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,285,070 Credit sales $ 3,610,0
    10·1 answer
  • Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month C$100,000 contract to complete sign work in Winnipeg, Man
    7·1 answer
  • Cynthia thinks that her new neighbor is mean and snobbish. this _____ will likely influence cynthia to act negatively toward her
    15·1 answer
  • Prepare an amortization schedule for a three-year loan of $84,000. The interest rate is 9 percent per year, and the loan calls f
    6·1 answer
  • Pick an organization (public or private) and then choose a particular type of COI that is associated with this type of organizat
    9·1 answer
  • A quality analyst wants to construct a control chart for determining whether three machines, all producing the same product, are
    8·1 answer
  • Consider the market for orange juice. Suppose two events occurred last week. During the course of this past week, the price of o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!