Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2024

Suppose you sell a fixed asset for $122,000 when it's book value is $149,000. If your company's marginal tax rate is 21%, what will be

Suppose you sell a fixed asset for $122,000 when it's book value is $149,000. If your company's marginal tax rate is 21%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?

Multiple Choice

A. $27,000

B. $21,330

C. $127,670

D.$149,000

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

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis Gapenski

1st Edition

1567930905, 978-1567930900

More Books

Students also viewed these Finance questions

Question

★★★★★

Fidelity Corporation offers to hire Ron to replace Monica, who has given Fidelity a month's notice to quit. Fidelity gives Ron a week to decide whether to accept. Two days later, Monica signs an...

Answered: 1 week ago

Question

★★★★★

Can you use movie critics opinions to forecast box office receipts on the opening weekend? The following data, stored in Tomatometer , indicate the Tomatometer rating, the percentage of professional...

Answered: 1 week ago

Question

★★★★★

What property does the correlation coefficient measure?

Answered: 1 week ago

Question

★★★★★

The standard heat of combustion (Hc) of liquid 2.3,3-trimethylpentane [C8H18] is reported in a table of physical properties to be 4850 kJ/mol. A footnote indicates that the reference temperature for...

Answered: 1 week ago

Question

★★★★★

Kim is a U.S. resident but works in Canada and is paid in Canadian dollars. If she earns 50,000 Canadian dollars per year. what is her salary in U.S. dollars? Kim's salary is U.S. dollars is $....

Answered: 1 week ago

Question

★★★★★

You work on an inter-ministerial panel with a goal to increase the percentage of income assistance recipients who also receive a health supplement by 5 percentage points each year. You have been...

Answered: 1 week ago

Question

★★★★★

QUESTION 5 Explain how the sentiment analysis could be used by Spar (South African supermarket) to improve customer service quality. Include the following: a. explain the nature and importance of...

Answered: 1 week ago

Question

★★★★★

You and your friend want to start a company that sells pancakes. Your friend can make 1 pancake in 1 minute and process a payment in 2 minutes. You take 4 minutes for 1 pancake and 2 minutes for the...

Answered: 1 week ago

Question

★★★★★

Consider a source computer (S) transmitting a packet of size 15000 bits to a destination computer (D) over a network of two routers (R1 and R2) and three links (L1, L2 and L3). L1 connects S to R1;L2...

Answered: 1 week ago

Question

★★★★★

Modify the Horizontal (Value) Axis so that Maximum bound is 11000. Keep the Format Axis task pane displayed

Answered: 1 week ago

Question

★★★★★

23 'I' The average student Loan debt for college graduates is $25,950. Suppose that that distribution is normal and that the standard deviation is $13,550. Let X = the student loan debt of a randomly...

Answered: 1 week ago

Question

★★★★★

=+Why were they effective? How could you continue the campaign?

Answered: 1 week ago

Question

★★★★★

=+Who's your primary audience?

Answered: 1 week ago

Question

★★★★★

=+What do they need to hear?

Answered: 1 week ago

Previous Question Next Question