Homework Answers
AS PER HOMEWORKLIB POLICY I'VE ANSWERED Q#4. KINDLY POST ONE QUESTION AT A TIME. THANK YOU!
Inventory period:
=(Inventory/COGS)x365
=(4000/31500)*365
Accounts receivable days:
=(Accounts Receivable /Sales)*365
=(2000/45000)*365
Accounts payable days:
=(Accounts Payable /COGS)*365
=(2400/31500)*365
Cash conversion cycle:
=(4000/31500)*365 +(2000/45000)*365 -(2400/31500)*365
=34.76 days
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3 (10 points). a. The Talley Corporation had a taxable income of $1.000.000 from operation after...
the talley corporation had taxable operation income $400000(i.e earnings from operating minus all operating cost )....
the talley corporation had taxable operation income $400000(i.e earnings from operating minus all operating cost ). talley also had (1) interest charges of $50000 , 2. dividend received of $25000,and 3) dividends paid of $ 40000.its federal tax was 21% ( ignore any possible state corporate taxes) recall that 50% of dividends received are tax exempt. what is the firms taxable income what is the tax expense. what is the after- tax income
Corporate Tax Liability The Talley Corporation had taxable operating income of $305,000 (i.e., earnings from operating...
Corporate Tax Liability The Talley Corporation had taxable operating income of $305,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $60,000, (2) dividends received of $10,000, and (3) dividends paid of $25,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm's taxable income? Round your answer to the nearest dollar. $ What is the tax expense?...
The Talley Corporation had a taxable income of $320000 from operations after all operating costs but...
The
Talley Corporation had a taxable income of $320000 from operations
after all operating costs but before (1) interest charges of
$64000, (2) dividends received of $9600 (3) dividends paid of
$16000 and (4) income taxes.
What are the firms income tax liabilitu and its after tax
income?
Income tax liability
After tax libility
What are the companys marginal and average tax rates on
taxable income?
Marginal tax rate %
Average tax rate %
TABLE 2-1 Corporate Tax Rates as...
The Talley Corporation had taxable operating income of $470,000 (i.e., earnings from operating revenues minus all...
The Talley Corporation had taxable operating income of $470,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $60,000, (2) dividends received of $25,000, and (3) dividends paid of $30,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm’s taxable income? Round your answer to the nearest dollar. $ What is the tax expense? Round your answers...
The Dakota Corporation had a 2021 taxable income of $7,700,000 from operations after all operating costs...
The Dakota Corporation had a 2021 taxable income of $7,700,000 from operations after all operating costs but before (1) interest charges of $1,400,000, (2) dividends received or $98,000. (3) dividends paid of $860,000, and (4) Income taxes (the firm's tax rate is 21 percent) a. Calculate Dakota's Income tax liability. (Round your answer to the nearest dollar amount.) Income tax liability b. What are Dakota's average and marginal tax rates on taxable income? (Round your answers to 2 decimal places.)...
1 The Dakota Corporation had a 2021 taxable income of $18,000,000 from operations after all operating...
1 The Dakota Corporation had a 2021 taxable income of $18,000,000 from operations after all operating costs but before (1) Interest charges of $3,600,000, (2) dividends received of $300,000,(3) dividends pold of $2,100,000, and (6) income taxes (the firm's tax rate is 21 percent). a. Calculate Dakota's income tax liability. (Round your answer to the nearest dollar amount.) 0.5 points Income tax liability 03:52:02 elook References b. What are Dakota's average and marginal tax rates on taxable income? (Round your...
The Dakota Corporation had a 2015 taxable income of $30,500,000 from operations after all operating costs...
The Dakota Corporation had a 2015 taxable income of $30,500,000 from operations after all operating costs but before (1) interest charges of $8,300,000, (2) dividends received of $730,000, (3) dividends paid of $5,150,000, and (4) income taxes. a. Use the tax schedule in Table 2.3 to calculate Dakota's income tax liability. (Round your answer to the nearest dollar amount.) Income tax liability | $ 8,542,500 b. What are Dakota's average and marginal tax rates on taxable income? (Round your answers...
8. Last year. Martyn Company had 51,000,000 in taxable income from its operations, $30,000 in interest...
8. Last year. Martyn Company had 51,000,000 in taxable income from its operations, $30,000 in interest income, and $200,000 in dividend income. Using the corporate tax rate table given below, what was the company's tax liability for the year? (hints: 70% of dividends received are is excluded from taxable income and for total taxable income, when calculating the corporate tax amount, you should sum all the income up except 70% of dividends received) Taxable income Tax on Base Bracket Percentage...
84) Eagle Corporation, a personal holding company, has the following results: Taxable income $200,000 Dividends-received deduction &nbs
84) Eagle Corporation, a personal holding company, has the following results: Taxable income $200,000 Dividends-received deduction 30,000 Excess charitable contributions 10,000 Long-term capital gains 10,000 Federal income taxes 61,000 Calculate the PHC tax. 85) Raptor Corporation is a PHC for 2009 and reports $200,000 of taxable income on its federal income tax return. Operating profit $100,000 Long-term capital gain 80,000 Dividends (20%-owned corporation) 90,000 Interest 100,000 Gross income 370,000 Salaries expense (50,000) General and administrative expense (25,000) Dividends-received deduction (72,000)...
Interest versus dividend income Last year, Shering Corporation had pretax earnings from operations of $485,000. In...
Interest versus dividend income Last year, Shering Corporation had pretax earnings from operations of $485,000. In addition, it received S28,000 in income from interest on bonds it heid in Zig Manufacturing and a. Calculate the firm's tax on its operating eamings only b. Find the tax and the after-tax amount attributable to the interest income from Zig Manufacturing bonds c. Find the tax and the after-tax amount attributable to the dividend income from the Tank Industries, Inc., common stock. d....
Corporate Tax Liability The Talley Corporation had taxable operating income of $305,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $60,000, (2) dividends received of $10,000, and (3) dividends paid of $25,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm's taxable income? Round your answer to the nearest dollar. $ What is the tax expense?...
The
Talley Corporation had a taxable income of $320000 from operations
after all operating costs but before (1) interest charges of
$64000, (2) dividends received of $9600 (3) dividends paid of
$16000 and (4) income taxes.
What are the firms income tax liabilitu and its after tax
income?
Income tax liability
After tax libility
What are the companys marginal and average tax rates on
taxable income?
Marginal tax rate %
Average tax rate %
TABLE 2-1 Corporate Tax Rates as...
The Dakota Corporation had a 2021 taxable income of $7,700,000 from operations after all operating costs but before (1) interest charges of $1,400,000, (2) dividends received or $98,000. (3) dividends paid of $860,000, and (4) Income taxes (the firm's tax rate is 21 percent) a. Calculate Dakota's Income tax liability. (Round your answer to the nearest dollar amount.) Income tax liability b. What are Dakota's average and marginal tax rates on taxable income? (Round your answers to 2 decimal places.)...
1 The Dakota Corporation had a 2021 taxable income of $18,000,000 from operations after all operating costs but before (1) Interest charges of $3,600,000, (2) dividends received of $300,000,(3) dividends pold of $2,100,000, and (6) income taxes (the firm's tax rate is 21 percent). a. Calculate Dakota's income tax liability. (Round your answer to the nearest dollar amount.) 0.5 points Income tax liability 03:52:02 elook References b. What are Dakota's average and marginal tax rates on taxable income? (Round your...
The Dakota Corporation had a 2015 taxable income of $30,500,000 from operations after all operating costs but before (1) interest charges of $8,300,000, (2) dividends received of $730,000, (3) dividends paid of $5,150,000, and (4) income taxes. a. Use the tax schedule in Table 2.3 to calculate Dakota's income tax liability. (Round your answer to the nearest dollar amount.) Income tax liability | $ 8,542,500 b. What are Dakota's average and marginal tax rates on taxable income? (Round your answers...
8. Last year. Martyn Company had 51,000,000 in taxable income from its operations, $30,000 in interest income, and $200,000 in dividend income. Using the corporate tax rate table given below, what was the company's tax liability for the year? (hints: 70% of dividends received are is excluded from taxable income and for total taxable income, when calculating the corporate tax amount, you should sum all the income up except 70% of dividends received) Taxable income Tax on Base Bracket Percentage...
Interest versus dividend income Last year, Shering Corporation had pretax earnings from operations of $485,000. In addition, it received S28,000 in income from interest on bonds it heid in Zig Manufacturing and a. Calculate the firm's tax on its operating eamings only b. Find the tax and the after-tax amount attributable to the interest income from Zig Manufacturing bonds c. Find the tax and the after-tax amount attributable to the dividend income from the Tank Industries, Inc., common stock. d....
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