Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Brazilian subsidiary of a Canadian company has Before Tax earnings of BRL 30 million. Corporate Tax rate in Brazil is 25%. The brazilian establishment
The Brazilian subsidiary of a Canadian company has Before Tax earnings of BRL 30 million. Corporate Tax rate in Brazil is 25%. The brazilian establishment charges an yearly depreciation of BRL 4 Million. If the subsidiary remits all the after tax cash flow to the Canadian parent, what will be the CAD cash inflow from the Brazilian subsidiary if BRL/CAD is 0.2366?
$4.38 Million
$ 6.27 Million
$5.32 Million
$ 8.53 Million
Please answer fast.
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