Abc company has an effective tax rate of 40 if they have

Assignment Help Accounting Basics
Reference no: EM13600008

ABC Company has an effective tax rate of 40%. If they have fixed cost of 30,000 and want an after tax profit of 65,000, what would their before tax profit need to be?

Reference no: EM13600008

Questions Cloud

Axillar beauty products corporation is considering the : axillar beauty products corporation is considering the production of a new conditioning shampoo that will require the
What is the amount of the payments that ned winslow must : using the appropriate interest table provide the solution to each of the following four questions by computing the
Equity corp paid a consultant to study the desirability of : equity corp. paid a consultant to study the desirability of installing some new equipment. the consultant recently
Abc company has the following costs related to its : abc company has the following costs related to its manufacturing process supervisor salaries 100000 utilities 30000
Abc company has an effective tax rate of 40 if they have : abc company has an effective tax rate of 40. if they have fixed cost of 30000 and want an after tax profit of 65000
Sales for the year were 1000000 half of which were on : sales for the year were 1000000 half of which were on credit. the average gross profit rate was 50 percent on sales.
Upward stock splits are different from stock dividends but : upward stock splits are different from stock dividends but both of them result in an increase in the number of
Scudder company has two operating departments mixing and : scudder company has two operating departments mixing and forming. mixing has 240 employees and occupies 22000 ftsup2.
Another student in your accounting class says that as she : another student in your accounting class says that as she understands it most long-term liabilities on the balance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Entries in the retaned earnings account

Use the indirect method of reporting cash flows from operating activites. Assume that equipment costing $125000 was purchased for cash and equipment costing $85000 with accumulated depreciation of $65000 was sold for $15000; that the stock was iss..

  Monthly net operating income or loss

If the president is right, what will be the effect on the company's monthly net operating income or loss? Using the incremental approach in perparing the answer?

  Expected extra cost due to returns per unit

A mail order company finds 18% of the purchases of a particular item are returned. The company estimates each return costs $0.70 in transportation and extra handling. What is the expected extra cost due to returns per unit of this item?

  What is meant by the dual-track approach

What is meant by the dual-track approach of accounting for the government-wide level besides the fund level, and how does it compare to a worksheet approach?

  Levi company purchased land on february 1 2014 at a cost of

levi company purchased land on february 1 2014 at a cost of 5000000. it estimated that a total of 50000 tons of ore is

  Assess the adequacy of the schedule m-3 part 1 in creating

corporations p s and c are members of a parent-subsidiary controlled group filing a consolidated tax return.

  Under what circumstances must a company estimate its

under what circumstances must a company estimate its inventory? what are the differences between using the gross profit

  Costs-transferred out and ending work in process

Assuming unit materials costs of $3 and unit conversion costs of $6, what are the costs to be assigned to the units (a) transferred out and (b) in ending work in process?

  Companies that move into a new country are often faced with

companies that move into a new country are often faced with a dilemma of adjusting to local practices or enforcing the

  Westile company buys plain ceramic tiles and prints

westile company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores. it buys the

  Byrd company produces one product a putter called go-putter

byrd company produces one product a putter called go-putter. byrd uses a standard cost system and determines that it

  Ace inc produces electronic components for sale to

ace inc. produces electronic components for sale to manufacturers of radios television sets and digital sound systems.

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