User Account

All Pages

Compute the company final Net Income

Assignment Help Accounting Basics
Reference no: EM132526944

Question - Blue Heron Company, with an applicable income tax rate of 30%, computed after-tax Net Income of $400,000. However, Blue Heron failed to recognize pre-tax Wage Expense of $2,000 and Interest Revenue of $5,000 in its computation. Compute the company's final Net Income?

a. $402,100

b. $402,900

c. $397,900

d. $397,100

e. $403,000

Reference no: EM132526944

Questions Cloud

At what level of units of production is the firm indifferent : The space vacated by the equipment can be rented for $4000 for the year. At what level of units of production is the firm indifferent between making and buying
Describes the inefficiencies in the organizational cost : Describes the inefficiencies in the organizational cost and profit analysis and explain why this information is important for influencing management decisions.
Define general principles that nurse manager need to review : What are the key general principles that the nurse manager needs to review with professional registered nurses in delegating to unlicensed assistive personnel?
Calculate the cost per unit under plan a and plan b : Calculate the cost per unit under (1) Plan A and (2) Plan B. Explain why the cost per unit is different for each of the two plans. (Round to two decimals.)
Compute the company final Net Income : Blue Heron Company, with an applicable income tax rate of 30%, computed after-tax Net Income of $400,000. Compute the company final Net Income
What was the change in assets for the year : During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the change in assets for the year
Why is the work climate of an organization important : Why is the work climate of an organization important to nurse leaders and managers? What are the ways in which a nurse can enhance his or her expertise?
How much cost allocated to each production departmen : It is estimated that it will cost $88,000,How much cost should be allocated to each production department? Explain which allocation base is preferable.
What is the carrying value of the machine : What is the carrying value of the machine as at 31 Dec 2019? Assume that the firm's financial year is the same as the calendar year

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd