Determine How much are Tantor Supply after-tax earnings

Assignment Help Managerial Accounting
Reference no: EM132610139

Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2018 the firm earned $92,500 before taxes.

Question a. Calculate the firm's tax liability using a flat tax rate of 25%.

Question b. How much are Tantor Supply's 2018 after-tax earnings?

Reference no: EM132610139

Questions Cloud

Explain why restrictions are placed in removing auditors : On 15th May 2010, Tom Black (Audit Partner) received a phone call from the financial controller of E-Wine, why restrictions are placed in removing auditors
What are bill risk factors for coronary heart disease : Cardiovascular disease (CVD) is the number one killer of both men and women in the United States (American Heart Association, 2013). Many risk factors are.
Discuss security concerns highlighted by server sprawl : Discuss the security concerns highlighted by server sprawl and how you would propose to solve those in your (real or hypothetical) organization
Benefit of a seed storing nutrients for the plant embryo : -What is the benefit of a seed storing nutrients for the plant embryo, if the plant is already acquiring its food through photosynthesis?
Determine How much are Tantor Supply after-tax earnings : Tantor Supply, Inc., is a small corporation acting as the exclusive distributo, Calculate the firm's tax liability using a flat tax rate of 25%.
Understanding of aquatic species : What are the implications of our understanding of aquatic species distributionS in relation to the altitudinal differences?
What major stressors are impacting your wellness : IStress is a response by the body from demands placed on it and is incorporated into our lifestyle. Stressors come in two forms: eustress, known as good stress.
Determine the net cash flow for the month of August : If there is a surplus, what would be a prudent strategy for her to follow?It is typical for Jane to plan, monitor, and assess her financial position.
Blockchain technology : Does Blockchain technology have the potential to cause the paradigm shift in business practices that many experts are predicting?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What was the conversion cost per unit in january

What was the conversion cost per unit in January? What was the total conversion cost in January? What was the total prime cost in January?

  Determine what is a contribution margin

What is a Contribution Margin and why is it so important for a firm to be able to accurately calculate the various types of Contribution Margins

  Find the jones division will have higher net income

The plans are to produce either 120,000 units or 140,000 units. The Jones 1 Division will have higher net income, if John decides to

  What is the project simple rate of return

Would the company want Casey to pursue this investment opportunity? What is the project's internal rate of return to the nearest whole percent?

  How to calculate required production in units of finished

How to Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.

  Compute what was the company residual income last year

The Board of Directors of Beaker Company has set a minimum required return of 30%. What was the company's residual income last year?

  Reports for two companies in saudi arabia

evidence Companys capital and size Company's corporate governance Company and globalization Company's strategy of success

  Define job order costing and process costing

Define each method and explain when it is best suited to be used. Compare and contrast the methods and consider their benefits and shortfalls

  What two options are available when closing manufacturing

What two options are available when closing the manufacturing overhead account at the end of the period, depending on the significance of the balance?

  What is the increase in annual net income of foxface

The management of Foxface School plans to install pop corn,What is the increase in annual net income of Foxface if the pop corn vending machines were installed.

  How much of the expense for print advertising should be

How much of the expense for print advertising should be allocated to Department A? Wadsworth Distribution Company has total advertising expenses of $84,000

  Should b-b repeat the coloring process or sell the carpet

Apartments is willing to buy the carpet in its current faded condition for $13 per yard. Should B&B repeat coloring process or sell the carpet to Ace Apartment

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!

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