A salesperson earns a base salary of $1,840 per month and a commission of 7.2% on the amount of sales. If the salesperson has a paycheck of $4,306 for one month, what was the amount of sales for the month? ABC Bike Company has $200,000 in assets, and had earnings before interest and taxes of $50,000 for the 12 month period ended September 30th. The company's marginal tax rate is 40% and it pays interest of 8% on any debt. If the company has a 40% debt/assets ration, its net income after taxes and interest is 2A firm has a net income of 4 million and interest expense of 20 million. The tax rate is 20%. What is the tax in millions?
A salesperson earns a base salary of $1,840 per month and a commission of 7.2% on the amount of sales. If the salesperson has a paycheck of $4,306 for one month, what was the amount of sales for the month? ABC Bike Company has $200,000 in assets, and had earnings before interest and taxes of $50,000 for the 12 month period ended September 30th. The company's marginal tax rate is 40% and it pays interest of 8% on any debt. If the company has a 40% debt/assets ration, its net income after taxes and interest is 2A firm has a net income of 4 million and interest expense of 20 million. The tax rate is 20%. What is the tax in millions?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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