the following financial information related to XYZ Company. Total Revenues last year $970, depreciation expenses $50, costs of goods sold $450, and interest expenses $55. At the end of the year, current assets were $121 and current liabilities
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f the following financial information related to XYZ Company. Total Revenues last year $970,
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- Ten years ago, Ginny inherited $55,000 from her grandmother. She decided to invest all of this money in GE stock. Suppose she decides to sell the stock today so she can purchase her first home. The sale price of the stock is $75,000. Calculate the size of Ginny's taxable capital gain."Income taxes are based on a company's taxable income" Is this statement true or false?Ten years ago, Ginny inherited $50,000 from her grandmother. She decided to invest all of this money in GE stock. Suppose she decides to sell the stock today so she can purchase her first home. The sale price of the stock is $64,500. Calculate the size of Ginny's taxable capital gain in dollars
- 17.7 Rotana Construction, Inc., has operated for the last 21 years in a northern U.S. state where the state income tax on corporate revenue is 6% per year. Rotana pays an average federal tax of 23% and reports taxable income of $7 million. Because of pressing labor cost increases, liability insurance premium increases, and other cost increases, the president wants to move to another state to reduce the total tax burden. The new state may have to be willing to offer tax allowances or an interest-free grant for the first couple of years in order to attract the company. You are an engineer with the company and are asked to do the following. (a) Determine the effective tax rate for Rotana. (b) Estimate the state tax rate that would be necessary to reduce the overall effective tax rate by 10% per year. (c) Determine what the new state would have to do financially for Rotana to move there and to reduce its effective tax rate to 22% per year.What is the basic difference between cash flow after taxes (CFAT) and net operating profit after taxes (NOPAT)?Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You Jackson Corporation has accumulated minimum tax credits of $475,000 from tax years prior to 2019. Required: If 2019 regular tax before credits is $210,000 and Jackson qualifies for general business credits of $13,000, calculate its allowable minimum tax credit for 2019.
- 1.Mr Adrian own a construction company with an asset worth RM400,000. Adrian proudly told to some of his fellow directors that his revenues were typically RM35,000 per month, while his operating cost for fuel was RM8,000 and maintenance RM5,000 per month. The estimated depreciation was RM10,000 per month. An office space similar to Peter 's office space can be rented for RM15,000 per month. If Peter was working for one of his competing construction companies, he would have earned RM5,000 per month. a.List the items that Adrian would consider to compute his explicit costs. b.List the items that Adrian would consider to compute his implicit costs. c.Compute Adrian monthly total economic cost. d.Should Adrian continue his business? Explain.Income taxes are calculated based on gross income less certain allowabledeductions. They are also assessed on gains resulting from the disposal of property. What is a 10-word or less definition appropriate for a corporation, based on Wikipedia, for each of the following factors? a. Gross income. b. Expenses. c. Depreciation. d. Interest. e. Property (e.g., equipment) disposition.If a company’s total effective income tax rate is 40% and its state income tax rate is 20%, what is the company’s federal income tax rate? (a) 20% (b) 25 (c) 35% (d) 40% (e) 52%.
- In 2015, a firm has receipts of $8 million and expenses (excluding depreciation) of $4 million. Its depreciation for 2015 amounts to $2 million. If the effective income tax rate is 40%, what is this firm’s net operating income after taxes (NOPAT)?An insurance company is covered by occurrence reinsurance with a layer of 750 and an attachment of 250. In a given year, it experiences individual loss occurrences of 50, 850, 300, and 2,100. What are the annual aggregate gross and net loss amounts for the company?A company's debt ratio doubles from 0.75 to 1.5. How much does the debt ratio increase, i.e. what is the new debt ratio minus the old one?