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Aliun [14]
2 years ago
12

Great Western Southern purchased $525,000 of equipment four years ago. The equipment is seven-year MACRS property. The firm is s

elling this equipment today for $150,000. What is the after tax cash flow from this sale if the tax rate is 27 percent
Business
1 answer:
tester [92]2 years ago
6 0

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>

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Juli2301 [7.4K]

Answer: $2,845.57965

The principal to be deposited semiannually would be $2,845.58 (rounded to 2 decimal places)

Explanation:

Using compound formula below

A = p (1 + r/n)^nt

A =amount= $3,300

r = rate = 5% = 5/100 = 0.05

n = number of compounding rate (semiannually) =2 interest payments a year

t = time in years= 3

3,300 = p (1 + 0.05/2)^2(3)

3,300 = p (1 + 0.025)^6

3,300 = p (1.025)^6

3,300 = 1.15969342p

Divide both sided by 1.15969342

p = $(3,300/1.15969342)

p = $2,845.57965

p ≈$2,845.58 rounded to 2 decimal places.

4 0
2 years ago
Informational reports provide summaries and describe recurring activities as well as situational, nonrecurring events. They deli
boyakko [2]

Answer:

Part - 1.

Informational reports need details to get frequently visible. As long as we have a tendency to view the report it supports to achieve higher appreciative simply with none ambiguity.

Part - 2.

Headings are the actual fundamental cue; will this assessment report help to assist the reader. Headings aggravates interest and increases considerations, smart heading will increase usability. Thus, the reader will examine the page additional efficiently and in less period.

Part - 3.

It precises in condensed, easy-to-read design is taken into account as an efficient regarding the requirements segment of the commotion report.

Part - 4.

When establishing the report, the subsequent are the facts to be bear in mind.

  • Attention on 3 to 5 areas which will attention your reader.
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Part - 5.

The continuity in the project usually need development or provisional reports to explain their standing however not issues. Therefore, progress reports don't argue issues.

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In the facts finding report it might be a style of short informational report that have requested to put in writing. As, this report is entirely targeted on planned tax improvements and it have an effect on, this may be a fact finding report.

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Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a
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Answer:

See explaination and attachment.

Explanation:

An account balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

A partial balance sheet is a financial instrument that is used to visualize the list of total debits and credits of the accounts and the balance of each debtor or creditor.

Please kindly refer to attachment for the Partial balance sheet .

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2 years ago
Read the excerpt from “The Girl Who Silenced the World for Five Minutes.”
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Answer:

it's A.

Explanation:

I took the quiz on edge 2020

7 0
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Gord Larose and his friend David Allan worked in Ottawa at Nortel Networks, a giant telecommunications-equipment maker. One Frid
butalik [34]

Answer:

intrapreneurs

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An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company.

An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.

The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.

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