1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ICE Princess25 [194]
3 years ago
8

Phil's Dinor purchased some new equipment two years ago for $32,600. Today, it is selling this equipment for $22,000. What is th

e aftertax cash flow from this sale if the tax rate is 35percent? The applicable MACRS allowance percentages are as follows, commencing with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
(A) $18,846.67
(B) $25,153.33
(C) $19,776.80
(D) $20,408.20
(E) $24,223.20
Business
1 answer:
Sergio039 [100]3 years ago
3 0

Answer:

(C) $19,776.80

Explanation:

The company will pay taxes for the difference between book value and sale value at disposal:

book value after 2 years:

It will be acquisition less accumulated depreciation, which is the sum of the MACRS depreciation rate for this two years

32,600 (1 - 0.20 - 0.32) = 32,600 x 0.48 = 15,648

sales price: 22,000

taxes: (22,000 - 15,648) x .35

          6,352 x 0.35 = 2,223.2

after tax cash flow: 22,000 - 2,223.2 = 19,776.8

You might be interested in
Which part of a modern firearm has the same function as the lock on a muzzleloader?
siniylev [52]
The action is the same
3 0
3 years ago
The rate of interest on money held in a savings account, _______ the amount of money saved.
KIM [24]
A. Decreases


Hope it helps!
4 0
3 years ago
Assume a firm employs 10 workers and pays each $15 per hour. Further assume that the MP of the 10th worker is 5 units of output
Arada [10]

Answer:

A) the firm should hire additional workers.

Explanation:

if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20

Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost

8 0
4 years ago
Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 55.25 55.50 a. Suppose
kobusy [5.1K]

Answer:

$55.50

Explanation:

The bid price is $55,25 is the price applicable to investors would intend to sell their investment.

The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.

The prices have been computed in such a  way that the broker will always gain, whether an investor is buying or selling his/her stake.

Conclusively, the order given to the broker to buy at market would be executed at the ask price of $55.50, not the other way round.

8 0
3 years ago
Andy is a supervisor at a web design company. andy has observed that most employees he supervises are more productive if he lets
kompoz [17]

The answer is False, whereas training focuses on specific job-related skills, development is aimed at helping managers improve more general skills such as time management, motivating employees, and solving problems. <span>Cognitive ability tests are seen as aptitude tests because they focus on the question of whether the person will be able to perform some specific task in the future.</span>

3 0
3 years ago
Other questions:
  • Type the correct answer in the box. Spell all words correctly.
    13·2 answers
  • In the 1990s, DVDs replaced audiocassettes and floppy disks as the storage media of choice for music and computers. In today's w
    13·1 answer
  • Consider the bond (newly issued, issued on Nov 2013) for a country A: Face value $10 million Coupon rate 4.3% If this bond is pu
    15·1 answer
  • The maturity date of a note receivable: Multiple Choice
    7·1 answer
  • A company purchased a commercial dishwasher by paying cash of $4,900. The dishwasher's fair value on the date of the purchase wa
    11·1 answer
  • List the steps of the basic problem-solving procedure
    5·1 answer
  • A task force refers to any: informal group that has the same members as the permanent task-oriented group. formal group whose me
    14·1 answer
  • The annual annuity stream of payments that has the same present value as a project's costs is referred to as which one of the fo
    11·1 answer
  • Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000; preferred dividends paid wer
    13·1 answer
  • The theory of purchasing power parity assumes that.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!