Find the profit received by the nursing home

Assignment Help Finance Basics
Reference no: EM1344502

A not-for profit nursing home has total expenses of $20 million, sales tax in the state is 7%, expenses are broken down into salaries ($12 million), supplies ($6 million), and pharmacy ($2 million). The benefit received by the nursing home from the sales tax exemption assuming that pharmacy items are exempt from state sales tax is?

A. $1.4 million

B. $1.26 million

C. $420,000

D. $480,000

 

Reference no: EM1344502

Questions Cloud

Computing first seven values of fibonacci number sequence : Write a program that uses a loop to compute the first seven values of the Fibonacci number sequence.
Find tinas personal umbrella policy : Explain how much will the insurer pay under Tina's personal umbrella policy?
Ups securities : Conduct research on the selected securities (Ford and UPS) Analyze the organizations' 10K and investment reports, general economic data, and Federal Reserve data.
Evaluate the average growth rate : Evaluate the estimated value or Price Today of MT - evaluate the average growth rate it took for the dividend to the current level in the period of time.
Find the profit received by the nursing home : A not-for profit nursing home has total expenses of $20 million, sales tax in the state is 7 percent, expenses are broken down into salaries (12 million dollar), supplies (6 million dollar), and pharmacy (2 million dollar).
At what rate is the magnetic field changing : A charge of -3.0 nC is at the origin and a second charge of 13.0 nC is at x = 8.00 m. Find the magnitude and direction of the electric field halfway in between the two charges.
Equity method of accounting to fair value method : Compare the equity technique of accounting to the fair value technique for equity securities. In what cases would you employ each?
Implicit unsafe type conversions-statements and expressions : Write a report using APA format for references that researches the definition of the language with respect to implicit unsafe type conversions in both assignment statements and expressions.
How to resolve the forward current : Radioactive decay of granite and other rocks in the Earth's interior provides sufficient energy to keep the interior molten, heat lava, and supply warmth to natural hot springs.

Reviews

Write a Review

Finance Basics Questions & Answers

  Xyz corporation-yield to maturity

XYZ Corporation issued $500 million in debentures in 2002 at par. The debentures carry a coupon rate of 3.5% and mature on 12/15/2020.

  Calculate the discount factor

Calculate the discount factor for each year (use 4% discount rate @ 15 years) Calculate the annual present value cost of maintenance (15 years) Calculate the discounted benefit of rehabilitating the armory

  Describing depreciated property and appreciated property

She creates a gift of depreciated property (adjusted basis exceeds fair market value) to Marsha, appreciated property (fair market value exceeds adjusted basis) to Jan.

  Computation of beta value

Computation of Beta Value and The returns from the past 13 quarters on Mercantile Bank Corporation and the market are listed

  What is the total annual cost of operating

Assume the firm could earn 10 percent on short term investments; further assume 260 working days, and hence 260 transfers from each lockbox location per year. What is the total annual cost of operating the lockbox system?

  Bonds-holding period yield

Your boss has again asked for your help. He needs to figure out the holding period yield on a candidate bond for inclusion in a pension bond portfolio and whether your company should purchase it.

  Question based on bonds and their valuation

Question based on bonds and their valuation and Both bonds must sell for the same price if markets are in equilibrium

  Calculation of after-tax cost of debt and calculate rcs wacc

Calculation of After-Tax Cost of Debt and Calculate RC's WACC and Calculate RC's cost of preferred stock

  Capm and valuation

CAPM and Valuation. You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year forever. However, you recognize that those cash flows are uncertain.

  Computation of number of shares to be used for requirement

Computation of number of shares to be used for required amount of requirement and How much will McDougal Entertainment receive from this stock offering

  Computation the payback period for a project

Computation the payback period for a project has the following costs and benefits

  Find current price of the preferred stock

Preferred stock of ABC corporation pays an yearly dividend at the rate of 4.5 percent per share. If ABC Corp's preferred shares are issued at $25 par value per share, & comparable yields are at 7.25 percent,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd