Business, 08.04.2020 01:51 sayedabdullah
For the current year ($ in millions), Funky Freightways had $92 in pretax accounting income. This included warranty expense of $7 and $20 in depreciation expense. 6 million of warranty costs were incurred, and MACRS depreciation amounted to $43. In the absence of other temporary or permanent differences, what was Funky's income tax payable currently, assuming a tax rate of 40%a) 18.6 Million
b) 24.0 Million
c) 27.2 Million
d) 32.8 Million
Answers: 1
Another question on Business
Business, 22.06.2019 12:50
In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate
Answers: 3
Business, 22.06.2019 15:40
Colter steel has $5,550,000 in assets. temporary current assets $ 3,100,000 permanent current assets 1,605,000 fixed assets 845,000 total assets $ 5,550,000 assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 2 percentage points lower than short-term rates. earnings before interest and taxes are $1,170,000. the tax rate is 40 percent earnings after taxes = ?
Answers: 1
Business, 22.06.2019 18:00
Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?
Answers: 3
You know the right answer?
For the current year ($ in millions), Funky Freightways had $92 in pretax accounting income. This in...
Questions
Social Studies, 27.06.2020 05:01
History, 27.06.2020 05:01
Mathematics, 27.06.2020 05:01
Mathematics, 27.06.2020 05:01
Advanced Placement (AP), 27.06.2020 05:01
History, 27.06.2020 05:01
Biology, 27.06.2020 05:01
