Question
7 Genetic Insights Co. purchases an asset for $14,246. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for
7
Genetic Insights Co. purchases an asset for $14,246. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3,502.
Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.
Your Answer:
8a
8b
Post Card Depot, an large retailer of post cards, orders 5,325,001 post cards per year from its manufacturer. Post Card Depot plans on ordering post card 16 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is $0.10 per post card per year. The ordering cost is $331 per order.
What is the annual total inventory management costs of post card inventory?
(Round the answer to two decimal places).
Your Answer:
Question 3 (1 point) Saved Pets Store Inc. sells on terms of 2/10, net 30. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) YourStep by Step Solution
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