User Account

All Pages

What is the firm depreciation and amortization expense

Assignment Help Accounting Basics
Reference no: EM131939414

Question - The Millennium Chemical Corporation announced that for the period ending December 31, 2013, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The company's costs (excluding depreciation and amortization) amounted to 61% of revenues, and Millennium had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate was 34 percent?

a. $ 540,275

b. $ 486,290

c. $ 739,184

d. $ 958,083

Reference no: EM131939414

Questions Cloud

Find the operating characteristics of the single teller : Find the operating characteristics of the single teller queuing system.
Develop a simquick model to simulate process : Develop a SimQuick model to simulate this process, and explain the results.
Calculate acme total manufacturing costs for may : Acme, Inc., incurs the following costs during May: Direct labor 27,500 Plant depreciation 7,700. Calculate Acme's total manufacturing costs for May
Exponential with a mean of four minutes : The drive-through has a capacity for only four cars. Develop a SimQuick model, and run it for 600 minutes. Explain the results.
What is the firm depreciation and amortization expense : The Millennium Chemical Corporation announced that for the period ending December 31, 2013, What is the firm's depreciation and amortization expense
Develop a simquick model : Develop a SimQuick model and use it to conduct experiments to determine the optimal number of pharmacists to have.
Discuss both the supporters and the critics of the policy : What was the containment policy, and how successful was it up to 1935? Discuss both the supporters and the critics of the policy
What is effective annual yield : TD Bank pays an annual dividend of $2.12 at the rate of $0.53 quarterly. The stock is trading at $63.21. What is the effective annual yield?
Simulation for a two-month period : The store manager wants to minimize the total supply chain costs. Develop a model for this supply chain, run the simulation for a two-month period

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