User Account

All Pages

What was the firm taxable or pre-tax income

Assignment Help Accounting Basics
Reference no: EM133124453

Question - ABC Corp. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $2,500 of depreciation. The company had no amortization charges and no non-operating income. It had issued $4,000 of bonds that carry a 10% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's taxable, or pre-tax, income?

Reference no: EM133124453

Questions Cloud

Tweet of donald trump about the use of tariff : Do you agree with the tweet of Donald Trump about the use of Tariff? Explain your arguments? Tweet: "Tariffs are the greatest! Either a country which has treate
Explain main ucc risk considerations : Explain main UCC risk considerations. In your answer, you may contrast UCC principles and FAR principles, as long as that helps the explanation
Calculate the arc elasticity of demand : For two-person urban households with no children, demand is very price inelastic. Calculate the arc elasticity of demand by using the mid-point rule formula
At what amount should gephardt record the equipment : Gephardt's incremental borrowing rate is 14 percent. At what amount should Gephardt record the equipment on the books
What was the firm taxable or pre-tax income : ABC Corp. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, What was the firm's taxable or pre-tax income
Compute the labor rate and efficiency variances july : Direct materials: 79,000 microns were purchased at a cost of $0.32 per micron. Compute the labor rate and efficiency variances July
Record Cullumber entries related to the note on July : Cullumber Financial Services loaned Sharp Inc. $120,000 cash in exchange for a one-year, Record Cullumber entries related to the note on July
Explain why you streaked both cultures : Describe the process by which the vio gene was transferred from the donor to the recipient - Explain why you streaked both cultures
Basic molecular biology of bacteria : Basic Molecular Biology of Bacteria - Mechanisms of Gene Transfer - Prepare a suspension by obtaining a fresh, pure culture of the organism and inoculating

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