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zepelin [54]
3 years ago
11

LO 3.2A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the company’s pre-tax

income in order to have $60,000 after-taxes?
$88,235
$19,200
$79,200
$143,000
Business
1 answer:
Keith_Richards [23]3 years ago
4 0

Answer:

$88,235

Explanation:

The computation of the pre tax income is shown below:

We know that

Income after tax = Income before tax (1 - tax rate)

$60,000 = Income before tax × (1 - 0.32)

$60,000 =  Income before tax × 0.68

So, the income before tax would be

= $60,000 ÷ 0.68

= $88,235

If we consider the tax rate than we can easily compute the income after tax

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Answer:

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Answer:

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4 0
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Read 2 more answers
On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
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Answer:

required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

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beginning inventory        <u>    (60,000)   </u>

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Answer: The answer is provided below

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The fourth transaction will lead to a cash outflow from the financing activities.

Thw diagram has been attached.

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