Last year, the sales at Jersey Company were $200,000 and were all cash sales. The tax-deductible...
Last year, the sales at Jersey Company were $200,000 and were all cash sales. The tax-deductible expenses at Jersey were $125,000 and were all cash expenses. The tax rate was 30%. What was the after-tax net cash inflow at Jersey last year from these operations?
Select one:
a. $22,500.
b. $60,000.
c. $52,500.
d. $37,500.
Homework Answers
Calculate after tax net cash inflow
| Cash sales | 200000 |
| Cash expense | 125000 |
| Before tax | 75000 |
| Tax | 22500 |
| After tax | 52500 |
So answer is c) $52500
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