Economics Blue Tune Saloon had a gross income of $150,000 with $95,000 in expenses and $15,000 in depreciation charges. How much will the Saloon pay in taxes? Do not put $ signs or a comma in answer. Use the new flat tax rate of 21%, which was introduced in 2018 with the Tax Cuts and Jobs Act

Economics Blue Tune Saloon had a gross income of $150,000 with $95,000 in expenses and $15,000 in depreciation charges. How much will the Saloon pay in taxes? Do not put $ signs or a comma in answer. Use the new flat tax rate of 21%, which was introduced in 2018 with the Tax Cuts and Jobs Act

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Please correct answer and don't use hand rating
Nodhead College needs a new computer. It can either buy it for $295,000 or lease it from Compulease. The lease terms require Nodhead to make six annual payments (prepaid) of $71,000. Nodhead pays no tax. Compulease pays tax at 35%. Compulease can depreciate the computer for tax purposes straight-line over five years. The computer will have no residual value at the end of year 5. The interest rate is 6%. a. What is the NPV of the lease for Nodhead College? b. What is the NPV for Compulease?
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Dime-a-Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for $140. The materials cost for a synthetic diamond is $80. The fixed costs incurred each year for factory upkeep and administrative expenses are $800,000. The machinery costs $1.12 million and is depreciated straight-line over 10 years to a salvage value of zero. a. What is the accounting break-even level of sales in terms of number of diamonds sold? Accounting break-even diamonds b. What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? Note: Do not round intermediate calculations. Round your final answer to the nearest whole number. NPV break-even level of sales diamonds
Find the net value added at factor cost When the net indirect taxes are $60 and the net value added at market price is $94
Problem 11:Hick's Furniture Company (not a real company) sellsindustrial furniture for office buildings. During the current year, the company reported costs of goods soldon its income statement of $1,650,000. The company'sbeginning inventory was $2,750,000, and its endinginventory was $3,825,000 (all in U.S. dollars). What is thecompany's inventory turnover ration for the current year?
None
You must evaluate the purchase of a spectrometer for the R&D department. The base price is $140,000, and it would cost another $30,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 4 year class and would be sold after 4 years for $60,000. The applicable depreciation rates are 33%, 45%, 15% and 7%. The equipment would require an $8000 increase in net operating working capital. The project would have no effect on revenues, but it should save the firm $50,000 per year before-tax labour costs. The firm's marginal federal-plus state tax rate is 40%. QUESTION:W Whatare the project's annual cash flows in Years 1, 2,3 and 4?
E4 ACME Corporation produces a variety of products for its diverse customer base, including the jet-powered pogo stick and jet-propelled tennis shoes, both of which are essential for catching roadrunners. Currently, they produce 40,000 engines per year that are used in the production of these two products. As the production manager for thisproduct line, you have determined that last year’s costs to produce the engines included: $99,600 in direct material expenses, $298,800 in direct labor expenses, $224,100 in variable overhead costs (i.e. power to operate the equipment), and $116,200 in fixed overhead costs (i.e. utilities to keep the factory operational). ACME plans to produce these engines only for the next 6 years. If they produce the engines in-house, they anticipate that direct material costs will increase at a rate of 5% each year. Further, they anticipate that labor costs will increase at a rate of 6% per year and variable overhead costs will increase at a rate of 3% per year.…
View Policies Current Attempt in Progress Prepare a 2020 income statement for Oriole Corporation based on the following information: Cost of goods sold $480,000 Operating expenses 102,000 Other expenses and losses 30,500 20 Sales revenue 710,000 Tax rate 30% ORIOLE CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Revenue 710000 Cost of Goods Sold 480000 %24
ASB is considering leasing a new machine. The lease calls for 9 payments of $1,022 per year with the first payment occurring immediately. The machine costs $8,228 to buy. The present value of CCA tax shield is $910. The present value of its salvage value is $488 and the present value of CCA recapture is $92. ASB firm can borrow at a rate of 10%. The corporate tax rate is 30%. What is the NPV of leasing?
Problem 16-15 (Algo) The owner of a large machine shop has just finished Its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue Cost of goods sold Value of production materials on hand Value of work-in-process inventory Value of finished goods on hand $368,000 317,000 42,500 59,000 23,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Inventory turnover ratio per year b. Compute the weeks of supply (WS). (Do not round Intermediate calculations. Round your answer to 1 decimal place.) Weeks of supply