Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

If a company wants to end up with an AFTER-TAX profit of $25,000, and its tax rate is 38%, the BEFORE-TAX amount it must earn

image text in transcribed

If a company wants to end up with an AFTER-TAX profit of $25,000, and its tax rate is 38%, the BEFORE-TAX amount it must earn (rounded to the nearest whole dollar) is: O a $34,500. b. $40,323. Oc. $65,789. Od. $40,500. Oe. none of the above

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

Cost management a strategic approach

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

5th edition

73526940, 978-0073526942

More Books

Students also viewed these Accounting questions

Question

★★★★★

List the components of the outsourcing consensus transition plan.

Answered: 1 week ago

Question

★★★★★

- Does your supervisor, or someone else at work, seem to care about you as a person?

Answered: 1 week ago

Question

★★★★★

T F Manufacturers are not required by law to inform consumers about the potential dangers of using their products.

Answered: 1 week ago

Question

★★★★★

The company reported the following balance sheet information: Total income tax expense for 2008 was $40,000. Compute the amount of cash paid for income taxes in2008. 2008 2007 Income taxes payable...

Answered: 1 week ago

Question

★★★★★

If a company wants to end up with an AFTER-TAX profit of $25,000, and its tax rate is 38%, the BEFORE-TAX amount it must earn (rounded to the nearest whole dollar) is: O a $34,500. b. $40,323. Oc....

Answered: 1 week ago

Question

★★★★★

For this case study you are to choose between YouTube or TikTok. Short, background videos of each company are given below. Review the accompanying short videos, and, in a report of using APA...

Answered: 1 week ago

Question

★★★★★

13. [Anti-gradients] Find the general anti-gradient, f, i.e. f was the original function, and you are given the gradient of the function. (a) Vf(x, y) = (6x+4y, 2+12xy) -2e-2, -6z + 1y) (b) Vf(x,y) =...

Answered: 1 week ago

Question

★★★★★

A load downward load P 250 N is applied at B. It is supported by two truss members with member BA at an angle of 8 = 50 from horizontal and member BC at an angle of 02 35 from vertical. Calculate the...

Answered: 1 week ago

Question

★★★★★

Solve the triangle. A=49,b=8,c=9 a= (Do not round until the final answer. Then round to the nearest tenth as needed.) B= (Do not round until the final answer. Then round to the nearest degree as...

Answered: 1 week ago

Question

★★★★★

Discuss some aspect of the source (http://new-courses.justice.eku.edu/OSH/OSH366/Docs/OSH366W6_SickBuildingSyndrome.pdf) that you found interesting and why

Answered: 1 week ago

Question

★★★★★

Fortune Inc., a manufacturer of plastic materials useful for various textile company, expended P2,050,000 in research and development costs which resulted to a new formula which makes its plastic...

Answered: 1 week ago

Question

★★★★★

As customer service manager for Mama Mias frozen foods, respond to a letter from Jane Gogh, a student at Seaside College. Jane wrote expressing dissatisfaction with your Veggie Lasagne. She didnt ask...

Answered: 1 week ago

Question

★★★★★

The Board of Directors of City Library has added activities for the summer. These additional activities include an 8 a.m. story hour and a 6 p.m. childrens theater production.The childrens theater...

Answered: 1 week ago

Question

★★★★★

Roscoes Personalized Printing specializes in customized printing of items used for business advertisements. Jennifer Fairbanks designed an unusual calendar to be given to her customers during the...

Answered: 1 week ago

Previous Question Next Question