Answer: $153,782.70
Explanation:
The MACRS allowance percentages are as follows, commencing with Year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.
In 4 years, the depreciation would be:
= Cost price * (4 year deprecation)
= 525,000 * (14.29% + 24.49% + 17.49% + 12.49%)
= $360,990
Book value :
= 525,000 - 360,990
= $164,010
Gain (loss) = Sale price - Book value
= 150,000 - 164,010
= ($14,010)
Tax payable = (14,010) * 27%
= ($3,782.70)
After-tax cash flow:
= Selling price - Taxes
= 150,000 - (-3,782.70)
= $153,782.70
<em>Note: If there are options, beware of rounding errors and pick nearest option. </em>
All of the following represent cash outflows except E; Depreciation.
Further Explanation:
Cash outflows to a firm/business is how much cash for the business is available after taxes and capital are paid for. Interest payments, dividends and the purchase of equipment for the plant is considered into the cash flows.
Depreciation will not be part of the cash flow. This is considered to be a non-cash expense to the business/firm. This is an ongoing charge to the fixed assets of the business. This actually reduces the cash flow by reducing the monies paid for income taxes.
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Answer:
The first gap is for Debit
The second gap is for credit
Explanation:
In accounting, Debit side(Dr) is always on the left side and credit side(Cr) is always on the right side.
The table is usually like 'T'
Debit side increases asset and expenses while credit decreases assets and expenses.
Also, Debit side decreases liability, equity and revenue while credit increases liability, equity and revenue
Answer:
Carriage outwards: 7,520 debit
Explanation:
Accounts DEBIT CREDIT
Plant and machinery 95,000
Property 135,000
Inventory 6,400
Receivables 2,850
Payables 3,600
Bank overdraft 970
Loan 45,000
Capital 100,000
Drawings 32,000
Sales 362,000
Carriage outwards x
Purchases 156,000
Purchase returns 2,200
Discounts received 3,500
<u>Sundry expenses 82,500 </u>
TOTAL 509,750 517,270
We construct the trial balance and the carriage outwar balance will be the diference between debit and credit:
517,270 - 509,750 = 7,520
Answer:
By mentioning to be "a magical world where your dreams come true", Disney seeks to position its brand by appealing to the illusion of its youngest consumers, who believe and enjoy that magical world as they consider it to be real. In turn, it also targets a more adult audience, the parents of those children and even young adults who remember their childhood, and seek through Disney to return to that magical world far from the problems of daily life. Thus, through empathy and the generation of nostalgia, Disney captures a market that is receptive to its products due to the sentimentality they imply.
