1/ Assuming a tax rate of 31%, the after-tax cost of a $196,000 dividend payment...
90.2K
Verified Solution
Link Copied!
Question
Accounting
1/ Assuming a tax rate of 31%, the after-tax cost of a $196,000 dividend payment is
$60,760
$216,000
$126,000
$196,000
2/ Gerry Co. has a gross profit of $990,000 and $400,000 in depreciation expense. Selling and administrative expense is $120,000. Given that the tax rate is 45 percent, compute the cash flow for Gerry Co.
$119,955
$590,000
$658,500
$661,000
3/ The Bubba Corp. had earnings before taxes of $202,000 and sales of $2,020,000. If it is in the 43% tax bracket its after-tax profit margin is:
8.20%
5.70%
8.70%
7.70%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
