FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

> Question 20 1 pts Blazer Car Rental purchased 5 cars for a total of $100,000 three years ago. Now it is replacing the cars

image text in transcribed

> Question 20 1 pts Blazer Car Rental purchased 5 cars for a total of $100,000 three years ago. Now it is replacing the cars with newer vehicles. The company has depreciated 92.59% of the old cars, and sold these cars for a total of $ 25,000. Assume a tax rate of 40%. What is the after-tax cash inflow from the sale of these vehicles? O $25.000 O $16.500 $15.000 $17.964

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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 Management For Public Health And Not For Profit Organizations

Financial Management For Public Health And Not For Profit Organizations

Authors: Steven A. Finkler

1st Edition

0130176141, 9780130176141

More Books

Students also viewed these Finance questions

Question

★★★★★
Glatt Enterprises needs to borrow $ 200,000. It plans to sign a noninterest-bearing note payable for eight years when the market rate of interest is 6 percent compounded quarterly. How much money...

Answered: 1 week ago

Question

★★★★★
Help me to make backrground and analyzes with several literature review about how improtant good project management including projext success and failure and the importany of project phases process

Answered: 1 week ago

Question

★★★★★
27. Ad campaign. An information technology analyst believes that they are losing customers on their website who find the checkout and purchase system too complicated. She adds a one-click feature to...

Answered: 1 week ago

Question

★★★★★
Colleen Fernandez, president of Rhino Enterprises, applied for a $175,000 loan from First Federal Bank. The bank requested financial statements from Rhino Enterprises as a basis for granting the...

Answered: 1 week ago

Question

★★★★★
Cost-Volume-Profit Analysis and On-Demand Services Cost-volume-profit analysis helps managers evaluate the impact of alternative product pricing strategies on profits. One example is a tech start-up...

Answered: 1 week ago

Question

★★★★★
P10-6 Recording and Reporting Bonds Issued at a Discount L010-4 PowerTap UNities is planning to issue bonds with a face value of $2,700,000 and a coupon rate of 8 percent. The bonds mature in 10...

Answered: 1 week ago

Question

★★★★★
Write a simplified printf subroutine that takes a variable amount of arguments. The first ar- gument for your subroutine is the format string. The rest of the arguments are printed instead of the...

Answered: 1 week ago

Question

★★★★★
1.Provide at least five years of Free Cash Flow Projections for the Company to be used to determine and calculate the intrinsic value of the Company. 2.Calculate the Valuation of the Company using...

Answered: 1 week ago

Question

★★★★★
A man wants to ensure an inflation-adjusted income for 25 years of $100 per monthfor the first year, increasing 5% each year for the next 24 years, but starting in 15 years' time . All the payments...

Answered: 1 week ago

Question

★★★★★
Your company needs to use an equipment for a project. If you decide to purchase it, you need to pay $60,000 today and the maintenance cost is $10,000 every year for three years (the first payment is...

Answered: 1 week ago

Question

★★★★★
i need a three substantive paragraphs. Is your organization unaffected by the global pandemic, or has your organization had to fundamentally re-examine its mission, vision and strategic goals? At the...

Answered: 1 week ago

Question

★★★★★
=+f. Does it incorporate sticky writing techniques (discussed in chapter 4) that make your message easy to retain and digest, like the following:

Answered: 1 week ago

Question

★★★★★
=+d. Does it offer little phrases? If they work? Like this.

Answered: 1 week ago

Question

★★★★★
=+c. Does it use short, concise sentences?

Answered: 1 week ago

Previous Question Next Question