A business purchases depreciable equipment for 191 and sells it a few years later for 166. At the time of the sale, accumulated depreciation totals 106. If the company's tax rate is 39, what is the total after-tax cash flow that will result from selling this asset?
Q: Total number of equipment whole units produced
A: Explanation of Equivalent Whole Units:Equivalent whole units represent the total amount of…
Q: Provide correct answer the financial accounting
A: Solution:A basis point (bp) is equal to 1/100th of a percentage point (0.01%). Step 1: Convert…
Q: hi expert please help me
A: Steps to Calculate the Debt-Equity RatioCalculate Return on Assets (ROA):ROA = Profit Margin × Total…
Q: Module 6 Discussion Discuss the significance of recognizing the time value of money in the long-term…
A: Key Reasons Why TVM is Essential in Capital Budgeting:1. Accurate Valuation of Future Cash…
Q: The total of the manufacturing overhead costs listed
A: Explanation of Manufacturing Overhead:The Manufacturing Overhead consists of all indirect costs…
Q: Mason Corporation issued its own $15,000, 120-day, non-interest-bearing note to a bank. The only…
A: Concept of Face Value: The face value is the amount printed on the note, which in this problem is…
Q: Not use ai solve this question do fast
A: Calculate the capital gain:Selling price per share: $52Purchase price per share: $47.50Capital gain…
Q: What is the effective annual yield on this investment for this financial accounting question?
A: Step 1: Define Effective Annual Yield (EAY)Effective Annual Yield (EAY) represents the true annual…
Q: Korean Industries has total
A: Concept of Liabilities: Liabilities are financial obligations or debts that a company owes to…
Q: please give me correct answer
A: Step 1: Definition of Cost of Goods Sold (COGS) Adjusted to Cash BasisCost of Goods Sold (COGS)…
Q: 25 point
A: Step 1:1. The material price variance is calculated as follows: Material price variance = (Actual…
Q: What is fixed cost per unit?
A: Explanation of Absorption Costing: This is a costing method that assigns all manufacturing costs…
Q: Please give me correct answer this financial accounting question
A: Step 1:Computation of the average common stockholders' equity for 2022: Average common stockholders'…
Q: How much gross profit will be necessary?
A: Given:Gross profit margin = 45%Net sales = $6.5 million Formula:Gross profit = Net sales * Gross…
Q: I need help with this question. I have some of the entries correct but not all of them.
A: Step 1:Step 2: Step 3: Step 4:
Q: account
A: Step 1: Definition of Income Tax ExpenseIncome tax expense is the total tax cost recognized in a…
Q: Bluesy Electronics recorded the following financial data please answer the financial accounting…
A: Step 1:Gross Margin Return on Investment (GMROI) is the ratio of Gross Margin to the Average…
Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…
A: Approach to solving the question:Identify the given information:Desired Profit: 25,000Variable Cost…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Market Value of EquityThe market value of equity, also known as market…
Q: Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt…
A:
Q: hi expert please help me
A: Step 1: Definition of Straight-Line DepreciationThe Straight-Line Depreciation Method evenly spreads…
Q: Timberline worked on four jobs during its first year of operation: Nos. 501, 502, 503, and 504. Nos.…
A: Total manufacturing costs = Direct materials + Conversion costs23,400 = 18,000 + Conversion…
Q: Hello tutor please given correct answer general accounting
A: Step 1: Define Days' Sales in ReceivablesDays' Sales in Receivables (also known as the Average…
Q: Calculate the firm's operating income of this financial accounting question
A: Step 1: Definition of Operating Income (EBIT)Operating Income (EBIT), or Earnings Before Interest…
Q: PROVIDE CORRECT ANSWER
A: Step 1: Definition of Net IncomeNet income is the profit a company earns after deducting all…
Q: help me to solve this questions
A: Step 1: Definition of Gross Profit MarginGross Profit Margin is a financial ratio that measures how…
Q: none
A: Step 1: Definition of Overhead RateOverhead rate is the cost assigned to production based on an…
Q: Hello tutor please help me with accounting questions
A: Step 1: Definition of Effective Interest MethodThe Effective Interest Method is used to amortize…
Q: Quinlan Corporation has two divisions: the Industrial Equipment Division and the Consumer Goods…
A: Explanation of Divisional Segment Margin: Divisional segment margin represents the profit…
Q: Answer
A: 1.1.13 AccountingThe correct option is (b) Relative sales value method.Explanation:Understanding…
Q: What portion of the first monthly payment is interest expense for this financial accounting…
A: Step 1: Definition of Interest ExpenseInterest expense refers to the cost of borrowing money. For a…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Inventory ShrinkageInventory shrinkage refers to the difference between the…
Q: What is the value of the current liabilities?
A: Step 1: Formulas Net working capital = Current assets - Current liabilitiesCurrent liabilities =…
Q: Compute the total variable cost per unit
A: Explanation of Direct Materials: These are the raw materials that can be directly traced to and are…
Q: Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt…
A:
Q: None
A: Step 1: Definition of Gross ProfitGross profit is the difference between total sales revenue and…
Q: What is the financial advantage of spending the additional money?
A: Step 1: Determine the Increase in SalesCurrent sales = 65,000 unitsIncrease in sales = 26.5% of…
Q: Accurate answer
A: Explanation of Equivalent Units for Conversion Costs:Equivalent units for conversion costs represent…
Q: correct answer please help me
A: Step 1: Definition of Absorption Costing and Inventory ValuationUnder absorption costing, all…
Q: Need answer
A: Calculation of Direct Labor CostDirect Labor Cost = Direct Labor Hours x Direct Labor Wage Rate…
Q: Hii ticher please give me correct solution general Accounting question
A: Step 1: Define Key Financial MetricsNet Sales - The actual revenue earned by a company after…
Q: help this answer accounting.
A: Step 1: Definition of Profit MarginProfit margin is a key financial ratio that measures the…
Q: Sun Feb 23 odule+4+Template+%28PR+04-1A%29 Insert Draw Page Layout Formulas Data Review A & atement…
A: The income statement shows the company's revenues and expenses during a particular period. It starts…
Q: Timberline worked on four jobs during its first year of operation: Nos. 501, 502, 503, and 504. Nos.…
A: Explanation of Job Costing System: Job costing is an accounting method used by companies that…
Q: 11. Kapper Company projects 2025 first quarter sales to be $35,000 and increase by 15% per quarter.…
A:
Q: Kindly help me with accounting questions
A: Step 1: Introduction to cost of a productThe cost of a product refers to the total amount of…
Q: Kai is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese’s current…
A: A. 3% Increase in Pay The new salary after a 3% increase:New Salary=55,000×1.03=56,650.00 So, the…
Q: Give me total earnings . Provide answer
A: Step 1: Definition of Total EarningsTotal earnings refer to the company's total income, including…
Q: Anderson Technologies has 40,000,000 shares outstanding with a current market PPS of $30.25. If the…
A: To calculate the Price-to-Earnings (P/E) ratio and Market-to-Book (M/B) ratio, we use the following…
Q: Calculate the gross profit
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
A business purchases
Step by step
Solved in 2 steps
- A business purchases depreciable equipment for $300 and sells it several years later for $240. At the time of the sale, accumulated depreciation totals $160. If the company's tax rate is 30%, what is the total after-tax cash flow that will result from selling this asset?A company purchases depreciable equipment for $215 and sells it a few years later for $180. At the time of the sale, accumulated depreciation totals $120. If the company's tax rate is 36%, what is the total after-tax cash flow that will result from selling this asset? AnswerA company purchases depreciable equipment for $215 and sells it a few years later for $180. At the time of the sale, accumulated depreciation totals $120. If the company's tax rate is 36%, what is the total after-tax cash flow that will result from selling this asset?
- What is the total after tax cash flow that will result from selling this asset on these financial accounting question?A company purchases depreciable equipment for $250 and sells it five years later for $180. At the time of the sale, accumulated depreciation totals $120. If the company's tax rate is 35%, what is the total after-tax cash flow that will result from selling this asset?What is the expected after - tax cash flow from selling a piece of equipment if Probst purchases the equipment today for $548, 860.00, the tax rate is 39.9 percent, the equipment will be sold in 3 years for $98, 800.00, and the equipment will be depreciated to $72, 600.00 over 12 years using straight - line depreciation? $106, 885.74 (plus or minus $10) $262, 538.29 (plus or minus $10) - $72, 688.20 (plus or minus $10) $230,867.00 (plus or minus $10) None of the above is within $10 of the correct answer
- Pebble Co. recently sold a used machine for P40,000. The machine had a book value of P60,000 at the time of the sale. What is the after-tax cash flow from the sale, assuming the company's marginal tax rate is 20 percent?The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $299,000. a. What is the book value of the equipment? b. If Jones sells the equipment today for $181,000 and its tax rate is 21%, what is the after-tax cash flow from selling it? Note: Assume that the equipment is put into use in year 1. a. What is the book value of the equipment? The book value of the equipment after the third year is $ (Round to the nearest dollar.)The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $298,000. a. What is the book value of the equipment? b. If Jones sells the equipment today for $179,000 and its tax rate is 21%, what is the after-tax cash flow from selling it? Note: Assume that the equipment is put into use in year 1. a. What is the book value of the equipment? The book value of the equipment after the third year is $ (Round to the nearest dollar) b. If Jones sells the equipment today for $179,000 and its tax rate is 21%, what is the after-tax cash flow from selling it? The total after-tax proceeds from the sale will be $. (Round to the nearest dollar.)
- Pet Supply purchased fixed assets two years ago at a cost of $43,800. It no longer needs the assets, so it is going to sell them today for $32,500. The assets are classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. What is the net cash flow from the sale if the tax rate is 35%?A property is sold for $7,600,000 and the mortgage balance at the time of sale is $3,600,000. The property was purchased 5 years ago for $4,820,000. Annual depreciation allowances of $140,000 have been taken. The tax rate on capital gains is 15% and the tax rate on depreciation recapture is 25%. What is the after-tax cash flow to equity associated with the sale of the property?An asset that was originally purchased for $60,818 is being depreciated straight-line over its useful life. 83% of the asset has been depreciated. The asset can be sold for $35,191. If the company's tax rate is 34%, what is the after-tax salvage of this asset? Express your answer to the nearest whole number.