How much is the firms taxable income

Assignment Help Financial Management

Reference no: EM13868432

The Talley Corporation had a taxable income of $500,000 from operations after all operating costs but before (1) interest charges of $70,000, (2) dividends received of $80,000, (3) dividends paid of $40,000, and (4) income taxes. How much is the firm's taxable income?

$319,500

$454,000

$500,000

$510,000

$414,000

Reference no: EM13868432

Questions Cloud

With an annual compound interest rate : Jason has been making equal annual payments of $7,500 to repay a college loan. He has just made an annual payment and now wants to pay off the rest of the loan immediately. He has eight payments remaining. With an annual compound interest rate of 6 p..

What was its net cash flow : Kendall Corners Inc. recently reported net income of $5.2 million and depreciation of $1,500,000. What was its net cash flow? Assume it had no amortization expense.

What was its interest expense : Molteni Motors Inc. recently reported $8 million of net income. Its EBIT was $15 million, and its tax rate was 36%. What was its interest expense?

Breakeven point for units sold for annual operating cycle : If the selling price were $15,000 per item, and company incurred an average direct cost of $4,000 per item, with a debt-to-asset ratio of 10%, an inventory-turnover ratio of 2, what would be the breakeven point for units sold for an annual operating ..

How much is the firms taxable income : The Talley Corporation had a taxable income of $500,000 from operations after all operating costs but before (1) interest charges of $70,000, (2) dividends received of $80,000, (3) dividends paid of $40,000, and (4) income taxes. How much is the firm..

Charge for depreciation and amortization : Talbot Enterprises recently reported an EBITDA of $8 million and net income of $4 million. It had $1 million of interest expense, and its corporate tax rate was 36%. What was its charge for depreciation and amortization?

Traditional brick and mortar retailers are converging : Pure play Ecommerce sites will continue to outpace traditional stores and diverge not converge with brick and mortar. Many well respected individuals believe that Ecommerce and traditional brick and mortar retailers are converging. Discuss and ask qu..

What are the potential differences in cash flow : Which of the following are relevant cash flows and what type of cost would you categorize them as given all the cost terms covered in this chapter? What are the potential differences in cash flow for a machine that is highly automated versus a machin..

Common stock based on the market price of the bond : What is the value of the common stock based on the market price of the bond?

User Account

All Pages