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castortr0y [4]
3 years ago
9

National Geographic is replacing an old printing press with a new one. The old press is being sold for $350,000 and it has a net

book value of $75,000. Assume that National Geographic is in the 40% income tax bracket. How much will National Geographic net from the sale?
Business
1 answer:
kkurt [141]3 years ago
4 0

Answer:

$240,000

Explanation:

National geographic is replacing an old printing machine with a new one

The old printing machine is sold at the price of $350,000

It has a net book value of $75,000

The income tax is 40%

= 40/100

=0.4

The first step is to calculate the taxable value

= $350,000-$75,000

= $275,000

Income tax= taxable value×tax rate

= $275,000×0.4

= $110,000

Therefore, the net from sales can be calculated as follows

= $350,000-$110,000

= $240,000

Hence the net from sale of National Geographic is $240,000

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Answer and Explanation:

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7 0
3 years ago
The risk-free rate of return is 2.5 percent; the expected rate of return on the market is 7 percent. Stock X has a beta coeffici
zvonat [6]

Answer:

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  • Sell if you own it.
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Explanation:

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= 2.5% + 1.3 * (7% - 2.5%)

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Price = 1.456 / (8.35% - 4%)

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4 0
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Flura [38]

Answer: a strategic channel alliance

                                   

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I HOPE IT HELP
7 0
3 years ago
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