Find the profit received by the nursing home

Assignment Help Finance Basics

Reference no: EM1344502

A not-for profit nursing home has total expenses of $20 million, sales tax in the state is 7%, expenses are broken down into salaries ($12 million), supplies ($6 million), and pharmacy ($2 million). The benefit received by the nursing home from the sales tax exemption assuming that pharmacy items are exempt from state sales tax is?

A. $1.4 million

B. $1.26 million

C. $420,000

D. $480,000

Reference no: EM1344502

Questions Cloud

Computing first seven values of fibonacci number sequence : Write a program that uses a loop to compute the first seven values of the Fibonacci number sequence.

Find tinas personal umbrella policy : Explain how much will the insurer pay under Tina's personal umbrella policy?

Ups securities : Conduct research on the selected securities (Ford and UPS) Analyze the organizations' 10K and investment reports, general economic data, and Federal Reserve data.

Evaluate the average growth rate : Evaluate the estimated value or Price Today of MT - evaluate the average growth rate it took for the dividend to the current level in the period of time.

Find the profit received by the nursing home : A not-for profit nursing home has total expenses of $20 million, sales tax in the state is 7 percent, expenses are broken down into salaries (12 million dollar), supplies (6 million dollar), and pharmacy (2 million dollar).

At what rate is the magnetic field changing : A charge of -3.0 nC is at the origin and a second charge of 13.0 nC is at x = 8.00 m. Find the magnitude and direction of the electric field halfway in between the two charges.

Equity method of accounting to fair value method : Compare the equity technique of accounting to the fair value technique for equity securities. In what cases would you employ each?

Implicit unsafe type conversions-statements and expressions : Write a report using APA format for references that researches the definition of the language with respect to implicit unsafe type conversions in both assignment statements and expressions.

How to resolve the forward current : Radioactive decay of granite and other rocks in the Earth's interior provides sufficient energy to keep the interior molten, heat lava, and supply warmth to natural hot springs.

User Account

All Pages