Question
1.If the tax rate is 21 percent in 2020. What is the average tax rate for a firm with taxable income of $125,013? 2.Evil Pop
1.If the tax rate is 21 percent in 2020. What is the average tax rate for a firm with taxable income of $125,013?
2.Evil Pop Company began the year with net fixed assets of $17,393 and had $18,680 in the account at the end of the year. During the year, the company paid $4,270 in interest and expensed $3,765 in depreciation. The company purchased $8,610 in fixed assets during the year. How much in fixed assets did the company sell during the year?
3. Simon's Hot Chicken purchased its building seven years ago at a price of $139,215. The building could be sold for $179,175 today. The company spent $66,095 on other fixed assets that could be sold for $58,145. The company has accumulated depreciation of $79,275 on its fixed assets. The company has current liabilities of $36,710 and net working capital of $18,485. What is the ending book value of net fixed assets?
4. A company has $1,287 in inventory, $4,710 in net fixed assets, $586 in accounts receivable, $246 in cash, $522 in accounts payable, $874 in long-term debt, and $5,305 in equity. What are the company's total assets?
5.Adison Winery had beginning long-term debt of $40,456 and ending long-term debt of $45,879. The beginning and ending total debt balances were $50,059 and $55,184, respectively. The company paid interest of $4,399 during the year. What was the company's cash flow to creditors?
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