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What are the net proceeds from the sale of this old machine

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Q1. A company is replacing an old machine with a new one. This old machine is being sold for $200,000 and has a value of $50,000. The tax rate for the firm is 40%. What are the net proceeds from the sale of this old machine?

A. $50,000

B. $140,000

C. $150,000

D. $260,000

Q2. Financial data associated with a company is listed below

Sales $1,350,000

Variable costs $375,000

Fixed costs $450,000

Interest expense $123,000

Depreciation Expense $0

What is this company's degree of financial leverage?

A. 1.0

B. 1.1

C. 1.2

D. 1.3

Reference no: EM133024023

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