A company purchases machinery for $245 and sells it several years later for $205. At the time of sale, accumulated depreciation is $128. If the company's tax rate is 35%, what is the total after-tax cash flow that will result from selling this asset?
Q: Please solve this question general accounting
A: Step 1: Determine the liabilities at the beginning of the year using the formula• Liabilities =…
Q: Operating expenses
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Subject:- Financial Account
A: To calculate the Finished Goods Inventory for January 1, 2018, we use the Cost of Goods Manufactured…
Q: What will it's net income be?
A: Step 1: Define Net incomeNet income is the amount left after taxation, medical insurance, and…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Permit ExpensePermit expense refers to the portion of a prepaid expense, like…
Q: General accounting
A: To calculate the return on total assets (ROA), you use the following formula: ROA = (Net Income /…
Q: Don't use ai please give me answer general accounting question
A:
Q: Monty Corp. sells coffee beans, which are sensitive to price fluctuations. The following inventory…
A: Step 1: Identify the Cost and Market Value for Each Coffee Bean TypeCoffee Bean TypeUnitsUnit…
Q: solve fast
A: Step 1: Key Information from the Income StatementIncome before income taxes: $3,750,000Current…
Q: Provide correct answer financial accounting
A: Step 1: Define Product CostsThe first margin determined in the income statement is the gross profit…
Q: The indirect cost allocation rate must have been?
A: The indirect cost allocation rate can be calculated by dividing the total indirect costs by the…
Q: solve this question Financial accounting
A: Step 1: Define Payback AnalysisThe payback period for a project represents the time period in which…
Q: Please given correct answer general accounting
A: Step 1: Define Variable CostingVariable costing is a costing method used for internal reporting. It…
Q: Doc Rowan Corporation sells one product, its waterproof hiking boot. It began operations in the…
A: To calculate the difference in net income between absorption costing and variable costing, we need…
Q: ROA-FINANCIAL ACCOUNTING
A: To calculate the Return on Investment (ROI), we use the formula: ROI = (Net Income / Average Total…
Q: Please solve this question general Accounting
A: Step 1: Define Present ValueThe present value of an investment can be treated as a comparable factor…
Q: What is the expected price of the stock? General accounting
A: To calculate the expected price of the stock, we use the Gordon Growth Model (Dividend Discount…
Q: Financial accounting question
A: Step 1: Introduction to time value of moneyTime value of money is a financial concept which is used…
Q: Please given correct answer general accounting
A: To determine the selling price per unit, we need to calculate the total revenue required to meet the…
Q: I want to correct answer general accounting
A: Step 1:Return on Assets is financial metric that how much profit a company generates from its…
Q: Get correct answer general accounting question
A: Shares issued:Issued shares are the total number of shares a company has sold to investors. For Beta…
Q: What is pension expense? General accounting
A: Step 1: Define PensionA pension is recognized as a reserve in which a total fund is collected during…
Q: Subject:- General Account
A: To calculate how much profit would increase if 10 more steak dinners are sold, we first determine…
Q: Correct solutions please give .....
A: Let's give it a try. To provide precise answer, I believe further reference is necessary, but I will…
Q: Assume that a company produced 10,000 units and sold 8,000 units during its first year of…
A: Given entities from the table: Unit Product Cost (Absorption Costing): $197Direct Materials (Per…
Q: Given answer accounting questions
A: Step 1: Given Value for Calculation Time = t = 4Future Value = fv = $600,000Interest Rate = r = 6%…
Q: General Accounting
A: Step 1: Define Required Return RateThe minimum return expected by the investor on the investment is…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Direct Labor Efficiency VarianceDirect labor efficiency variance measures the…
Q: Hii expert please given answer
A: To calculate the future value (FV) of the deposit, we use the formula for compound interest: FV…
Q: Net sales for the year were $1,100,000 and cost of goods sold was $796,000 for the company's…
A: Concept of Net SalesNet sales represent the total revenue generated from selling goods or services,…
Q: Need help with this accounting questions
A: Step 1: Define IncomeIncome is the amount an organization obtains within a described period, which…
Q: Subject:- General Account
A: To determine how much profit would increase if 10 more dinners were sold, we need to calculate the…
Q: Wilson manufacturing reportes a cost of goods sold solve this accounting questions
A: Step 1: Definition of Adjusted Cost of Goods Sold and Gross MarginAdjusted Cost of Goods Sold…
Q: I need answers general Accounting
A: Step 1: Define Future ValueThe future value of a deposit represents its equivalent worth at a…
Q: I won't to this question answer general Accounting
A: To calculate the change in total assets, we use the accounting equation: Assets = Liabilities +…
Q: Compute a fair rate of return for intel common stock.which has a solve this question
A: As per CAPM, Required stock return = Risk-free rate + Beta*(Market rate-Risk-free rate) Required…
Q: Please Solve Accounting question
A: Step 1: Determine the Temporary Difference Step 2: Calculate Current Tax Payable Step 3: Calculate…
Q: The Ivam Department transferred 6,000 units to the finished goods storeroom for a month. There was…
A: Explanation of Work in Process (WIP): Work in Process represents units that have started production…
Q: Provide correct answer general accounting
A: Explanation of Growing Perpetuity: A growing perpetuity is a stream of cash flows that continues…
Q: None
A: To calculate the unit cost, you need to sum up all the costs and then divide by the number of units…
Q: Star manufacturing has the following solve this accounting questions
A: Step 1: Definition of Unit Cost for Inventory Valuation under Variable CostingUnit Cost under…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Definition of Equivalent UnitsEquivalent Units refer to the number of completed units that…
Q: Financial accounting
A: As per CAPM, Cost of Equity = Risk-free rate + Beta*(Market rate-Risk-free rate) Cost of Equity =…
Q: ?
A: Detailed explanation:Definitions Related to the Question1. Principle of Consistency in AccountingThe…
Q: City Honda has total equity of $560,000; sales of $2,250,000; current assets of $700,000; and total…
A: Explanation of Total Assets: Total assets represent everything of value that a company owns or…
Q: General accounting
A: Step 1: Define Common StockholderThe person holding at least one share of the corporation…
Q: I need correct answer general accounting
A: Step 1: Define Gross Profit PercentageThe gross profit percentage is an indicator of profit. The…
Q: Need answer the financial accounting question not use ai
A: Step 1: Define Holding Period Return (HPR)The holding period return for a stock investment denotes…
Q: What is the total job cost?
A: To calculate the total job cost, we need to break it down into two components: direct labor cost and…
Q: Financial accounting
A: Step 1: Define Avoidable Costs in Make-or-Buy DecisionsAvoidable costs refer to costs that are only…
Need help with this accounting questions
Step by step
Solved in 2 steps
- What is the total after tax cash flow that will result from selling this asset on these financial accounting question?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?Please give solution for this accounting question
- General AccountingWhat 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 answerAn 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.
- You buy a property for $100,000 in year 0. The building is depreciated using straight-line depreciation over 27.5 year. The NOI is $5,000 in year 1 and grows at 2% thereafter. The building is sold at a the end of year 4 at a terminal cap rate of 6%. Assume an ordinary income tax rate of 35%, a capital gains tax rate of 20%, and a depreciation recapture tax rate of 25%. What is going to be the total tax bill on the sale? O 1,187 O 1,959 O 3,146 O 3,636What is the expected after-tax cash flow from selling a piece of equipment if TwoPlus purchases the equipment today for $143,000.00, the tax rate is 23.00 percent, the equipment is sold in 2 years for $36,500.00, and MACRS depreciation is used where the depreciation rates in years 1, 2, 3, 4, and 5 are 20%, 32%, 19%, 12%, and 10%, respectively? O $17,102.80 (plus or minus $10) $37,643.10 (plus or minus $10) $50,470.20 (plus or minus $10) $43,892.20 (plus or minus $10) None of the above is within $10 of the correct answerSuppose you sell a fixed asset for $109,000 when its book value is $129,000. If your company’s marginal tax rate is 39 percent, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)? (Enter your answer as a whole number.)
- Suppose you sell a fixed asset for $115,000 when it's book value is $135,000. If your company's marginal tax rate is 21%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?Question No. 14. (Financial Accounting): Suppose you sell a fixed asset for $153,000 when it's book value is $187,000. If your company's marginal tax rate is 42%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax free cash flow of this sale)?A corporation expects to receive $32,000 each year for 15 years from the sale of a product. There will be an initial investment of $150,000. Manufacturing and sales expenses will be $8067 per year. Assume straight line depreciation, a 15-year useful life and no salvage value. Use a 46% income tax rate. What is the before and after-tax rate of return?