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Allisa [31]
3 years ago
8

Redbird Corporation provides the following data: Cash inflows $50,000 Cash outflows $43,000 Net income $35,000 Depreciation dedu

ction $ 5,000 Accumulated depreciation $10,000 Tax rate 30% What is Redbird's tax shield?
Business
1 answer:
777dan777 [17]3 years ago
4 0

Answer:

The correct answer to the following question is $1500.

Explanation:

Tax shield can be defined as the deductions which are allowed on the taxable income, which would ultimately lead to decrease in the taxes paid to the government.

Given information -

Cash inflow - $50,000

Cash outflow - $43,000

Net income - $35,000

Depreciation deduction - $5000

Accumulated depreciation - $10,000

tax rate - 30%

For taking out the tax shield - Sum of taxable deduction x Tax rate

Depreciation expense x tax rate

= $5000 x 30%

= $1500

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No, I feel that targeted advertising with cookies is not at all objectionable; rather, it is a very efficient technique for an organization to advertise and promote its products or services.

We commonly see files and pop-ups in our browsers when browsing the internet; these are cookies, and we typically encounter them at sites that we frequently visit. I feel that this is not at all offensive, but rather an efficient method of advertising and marketing things by segmenting the appropriate audience or prospective business.

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4 0
1 year ago
In A competitive balance sheet,the ending cash was315000 in 2011 and270000 in 2012 the net increase or decrease is:
tensa zangetsu [6.8K]
Based solely on the ending cash b as landed amount provided, it a year over year decrease of 45,000.
3 0
3 years ago
Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help
erica [24]

Answer:

$294,412.8

Explanation:

In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.

Total number of shares required = (46,000 ÷ 2) + 1

= 23000 + 1

= 23,001 shares

Market price of share = $ 12.80

Total amount = Total number of shares required × Market price of share

= 23,001 × $ 12.80

= $294,412.8

The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8

7 0
3 years ago
On May 31, 2018, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the ent
asambeis [7]

Answer:

$800,000

Explanation:

The calculation of book value of the assets of the cosmetics component is given below:-

Gain on Sale of the Assets = Income from Operation of a Discontinued Components - Income from Operations

= $620,000 - $300,000

= $320,000

Gain/Loss on Sale of Asset = Sale Value of Assets - Book Value of Assets

= $1,120,000 - $320,000

= $800,000

5 0
3 years ago
Is 5 a composite or prime number
enot [183]
5 is a prime number
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3 years ago
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