Answer: $45,500
Explanation:
Cost of equipment = $100,000
Less: Depreciation = 65% × $100,000 = $65,000
Book value = $35000
Less: Savage value = $50,000
Loss on sale = $15000
Less: Tax Payable = 30% × $15000 = $4500
After tax Savage value = $50000 - $4500 = $45,500
Answer:
Budgeted sales= $86,140
Explanation:
Giving the following information:
A July sales forecast projects that 7,300 units are going to be sold at a price of $11.80 per unit.
<u>The budgeted sales are calculated by multiplying the sales in units with the selling price per unit:</u>
Budgeted sales= 7,300*11.8= $86,140