Company L sold an inventory Item to Firm M for $40,000 Company L's marginal tax rate is 21 percent In each of the following cases 0 Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $10,000 cash and its note for $30,000 The note is payable two years from the date of sale Company L's basis in the inventory item was $15 700 b Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $5,000 cash and its note for $35,000 The note is payable two years from the date of sale Company L's basis in the inventory item was $47 000 c Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $40,000 cash Company L's basis in the inventory item was $18,000 d Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $40,000 cash Company L's basis in the inventory item was $44,000 Complete this question by entering your answers in the tabs below Required A Required B Required C Required D Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $10,000 cash and its note for $30,000 The note is payable two years from the date of sale Company L's basis in the inventory item was $15,700 (Cash outflows should be indicated by a minus sign ) Before tax cash flows Tax (cos) or savings After tax cash flow

Question

Company L sold an inventory Item to Firm M for $40,000  Company L's marginal tax rate is 21 percent  In each of the following cases  0  Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $10,000 cash and its note for $30,000  The note is payable two years from the date of sale  Company L's basis in the inventory item was $15 700  b  Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $5,000 cash and its note for $35,000  The note is payable two years from the date of sale  Company L's basis in the inventory item was $47 000  c  Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $40,000 cash  Company L's basis in the inventory item was $18,000  d  Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $40,000 cash  Company L's basis in the inventory item was $44,000  Complete this question by entering your answers in the tabs below  Required A Required B Required C Required D Compute Company L's after tax cash flow from the sale when Firm M's payment consisted of $10,000 cash and its note for $30,000  The note is payable two years from the date of sale  Company L's basis in the inventory item was $15,700  (Cash outflows should be indicated by a minus sign ) Before tax cash flows Tax (cos) or savings After tax cash flow

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Company L sold an inventory Item to Firm M for $40,000. Company L's marginal tax rate is 21 percent. In each of the following cases.

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