Answer:
We have to assume specific tax rate to come up with the income tax expenses. Let assume the tax rate is 30%.
The income tax expense in year 2: $53,400.
Explanation:
We have:
Depreciation expenses of the equipment in the second year = (Initial cost - salvage value) / Useful life = (168,000 - 0)/4 = $42,000.
Profit before tax in year 2 = Sales in year 2 - operating expenses in year 2 - Depreciation expenses in year 2 = 520,000 - 300,000 - 42,000 = $178,000.
Income tax expense in year 2 = Profit before tax in year 2 x tax rate = 178,000 x 30% = $53,400.
So, the answer is $53,400.
Greeting's!
<span>c. earnings before interest and taxes .
______________________________
</span>
<span>When the coupon rate of a bond equal to its required rate of return, then it is purchased at par since the initial investment is totally offset by repayment of the bond at maturity, leaving only the fixed coupon payments as profit. The correct answer is - is equal to par value.</span>
Answer:
The answer is: B) $704.50
Explanation:
The ATM deposit and the paycheck deposit increase the account balance, while the grocery store receipt decreases the account balance.
Malcolm's initial account balance was $0
The ATM deposit adds $80
The grocery store receipt deducts ($25.50)
<u>The paycheck deposit adds $650
</u>
Account balance $704.50
