Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

If a company made after-tax profit is $90,000 and company tax rate is 30% then what is the before-tax profit? Select one: a. $117,000 b.

If a company made after-tax profit is $90,000 and company tax rate is 30% then what is the before-tax profit? Select one: a. $117,000 b. $128,571 c. $300,000 d. $63,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

12th Edition

0538478519, 9780538478519

More Books

Students also viewed these Accounting questions

Question

★★★★★

Under PKI, Certification Authority (CA) plays a critical role in the success of maintaining information security. Search over the Internet to find a few public firms who are CAs. Compare these firms...

Answered: 1 week ago

Question

★★★★★

Suppose you buy a call option on a $100,000 Treasury bond futures contract with an exercise price of 105 . (Note: The price of an option is quoted in points that mimic the futures contract, so each...

Answered: 1 week ago

Question

★★★★★

consider the unlimited range of sponsorship opportunities online and offline;

Answered: 1 week ago

Question

★★★★★

You are involved as an expert witness in a case of alleged fraud by top management against the corporation. Supposedly, working in collusion, top management defrauded the company of $5million over...

Answered: 1 week ago

Question

★★★★★

If a company made after-tax profit is $90,000 and company tax rate is 30% then what is the before-tax profit? Select one: a. $117,000 b. $128,571 c. $300,000 d. $63,000

Answered: 1 week ago

Question

★★★★★

Based on the St. Kitts-Nevis Anguilla National Bank Limited: What are the bank's financial operations (how does it make money)? What are the product and services offered? types of loans? the major...

Answered: 1 week ago

Question

★★★★★

How have political movements and labor history shaped the development of capitalism and industrialization in the United States during the 19th and 20th centuries?

Answered: 1 week ago

Question

★★★★★

Explain the market segmentation.

Answered: 1 week ago

Question

★★★★★

1. We can measure the cause and effect relationship with (a) Time series analysis (b) Cross Sectional analysis (c) Correlation analysis (d) Regression analysis 2. Depiction of relationship present...

Answered: 1 week ago

Question

★★★★★

Mention the bases on which consumer market can be segmented.

Answered: 1 week ago

Question

★★★★★

Explain consumer behaviour.

Answered: 1 week ago

Previous Question Next Question