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djverab [1.8K]
2 years ago
11

Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by

$25,000. In addition, book depreciation exceeded tax depreciation by $100,000. Finally, Tuna subtracted a dividends received deduction of $15,000 in computing its current-year taxable income. Book equivalent of taxable income is:
Business
1 answer:
STatiana [176]2 years ago
7 0

Answer:

$985,000

Explanation:

Given that,

Pretax book income = $1,000,000

Increase in net reserve for warranties = $25,000

Book depreciation = $100,000

Dividend received deduction = $15,000

Book equivalent of taxable income:

= Pretax book income - Dividend received deduction

= $1,000,000 - $15,000

= $985,000

Therefore, the Book equivalent of taxable income is $985,000.

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KSB is considering a project that will require $39,000 in net working capital and $68,000 in fixed assets. The project is expect
Inessa05 [86]

Answer:

$32,375

Explanation:

The computation of operating cash flow for this project is shown below:-

Annual depreciation  = Cost of fixed assets ÷ Life in years

= $68,000 ÷ 4 years

= $17,000

Operating cash flow

Annual sales                  $78,500

less: Cash cost             ($41,000)

less: Depreciation        ($17,000)

Earnings before tax       $20,500

less: Tax at 25%               ($5,125)

Earnings after tax             $15,375

Add: Depreciation             $17,000

Operating cash flow

every year                       $32,375

Therefore the operating cash flow is $32,375

6 0
3 years ago
Dusty would like to buy a new car in six years. He currently has $13,500 saved. He’s considering buying a car for around $17,500
pishuonlain [190]

Answer:

yes he will

Explanation:

with a compund intrest of 9 percent and he didnt put in any money after the 13,500 he will have $22,640.85 in 6 years, so now he can go buy his car and also buy a new exhaust system

5 0
3 years ago
How will hiring you benefit our restaurant
sdas [7]
Im willing to learn and help to be a helpful worker for your restruant.
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3 years ago
Manuel operates equipment that moves natural gas through pipelines. Manuel is a Gas Compressor. Pipefitter. Power Dispatcher. Su
klemol [59]

Answer:

Gas Compressor Operator

Explanation:

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He or she directs various control nodes and adjust valves in the compressor engines, pumps, and other related equipment. They monitor pressure, temperature gauges, and other safety components to ensure the safe passage of gases in the pipelines.

4 0
2 years ago
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Answer:

Lol this is easy

Explanation:

B C Or D

its C

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