Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

Suppose you sell a fixed asset for $77,000 when it's book value is $84,000. If your company's marginal tax rate is 33%, what will be

Suppose you sell a fixed asset for $77,000 when it's book value is $84,000. If your company's marginal tax rate is 33%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?

$84,000

$51,590

$7,000

$79,310

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 Statements The Ultimate Guide To Financial Statements Analysis For Business Owners And Investors

Authors: Greg Shields

1st Edition

172643320X, 978-1726433204

More Books

Students also viewed these Accounting questions

Question

★★★★★

Referring to Exercise 7.9, use a die to generate samples of size 3. Investigate the sampling distribution of the number of times a value 1 occurs in a sample of size 3. (a) Roll the die and assign X...

Answered: 1 week ago

Question

★★★★★

Using the SEC.GOV, fill in the blanks for 2 0 2 3 - 2 0 2 2 ( 1 0 - k ) Balance sheet for VISA. Thank you!

Answered: 1 week ago

Question

★★★★★

In general, neo-Freudians such as Adler and Horney accepted many of Freuds views but placed more emphasis than he did on a. development throughout the life span. b. the collective unconscious. c. the...

Answered: 1 week ago

Question

★★★★★

a. Firm K is a leading maker of water-proof outerwear. During the winter months, demand for its main line of water-proof coats is given by: P = 800 - .15Q, Where P denotes price in dollars and Q is...

Answered: 1 week ago

Question

★★★★★

Suppose you sell a fixed asset for $77,000 when it's book value is $84,000. If your company's marginal tax rate is 33%, what will be the effect on cash flows of this sale (i.e., what will be the...

Answered: 1 week ago

Question

★★★★★

Assuming the periodic inventory system is used; determine both the cost of the ending inventory and the cost of goods sold using the LIFO method for October.

Answered: 1 week ago

Question

★★★★★

During 2 0 2 2 Maxwell purchased 1 0 0 bonds of Malinois Inc. at par for $ 9 0 0 , 0 0 0 . Maxwell purchases debt securities expecting to ear profits on short - term differences in price and holds...

Answered: 1 week ago

Question

★★★★★

What is the absolute difference in your total concentration of iodine in the CH2Cl2 phase, in mol/L, between your 'best two' determinations in Part 2 of the experiment? Use your own lab-obtained...

Answered: 1 week ago

Question

★★★★★

Develop a change management strategy Develop a change management strategy for the business. You can use an organisational template if you have one or you can use the Change Management Strategy...

Answered: 1 week ago

Question

★★★★★

Virginia Co . has a subsidiary in Hong Kong and in Thailand. Assume that the Hong Kong dollar ( HK$ ) is pegged at $ 0 . 1 2 per Hong Kong dollar and it will remain pegged. The Thai baht fluctuates...

Answered: 1 week ago

Question

★★★★★

(JMI) is a company that builds custom-designed metal-cutting machinery. JMI's minimum sales contract is typically for $1 million and many sales contracts are in excess of $5 million. It generally...

Answered: 1 week ago

Question

★★★★★

10. What is organization development? Describe the interventions used to create change.

Answered: 1 week ago

Question

★★★★★

1. Interview a manager. Ask him to evaluate his companys training department in terms of training delivery, service, expertise, and contribution to the business. Ask him to explain the rationale for...

Answered: 1 week ago

Question

★★★★★

9. Explain what you believe are the advantages and disadvantages of creating a training consortium or partnership with other companies.

Answered: 1 week ago

Previous Question Next Question