How much was the firms taxable income

Assignment Help Finance Basics

Reference no: EM13263594

ABC recently reported $40,044 of sales, $15,779of operating costs other than depreciation, and $5,891 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 14% interest rate. How much was the firm's taxable income, or earnings before taxes (EBT)?

Reference no: EM13263594

Questions Cloud

What is the difference in calculation : What is the difference between a compound annuity and a single investment that has an annuity? What is the difference in calculation?

Determine what is the smallest voltage increment : Digital Communication Techniques. A D/A converter has a 12-bit binary input. The output analog voltage range is 0 to 5 V. How many discrete output voltage increments are there and what is the smallest voltage increment

What is its horizontal displacement from the launch point : At time t = 0, a projectile is launched from ground level. At t = 2.00 s, it is displaced d = 56 m horizontally, what is its horizontal displacement D from the launch point

How much does a share of preferred stock cost today : E-Eyes.com Bank just issued some new preferred stock. The issue will pay an annual dividend of $17 in perpetuity, beginning 6 years from now. If the market requires a return of 3.1 percent on this investment, how much does a share of preferred sto..

How much was the firms taxable income : It had $8,000 of bonds outstanding that carry a 14% interest rate. How much was the firm's taxable income, or earnings before taxes (EBT)?

Design an amplifier capable of providing the specified gain : Design an amplifier capable of providing the specified gain over a frequency range of 20 Hz to 10Khz under the following conditions. Input source is 2700ohms resistive, and the output load impedance is 32ohms resistive.

Find the velocity of blocks after the collision : a 5 kg block moving at 4.0 m/s collides and sticks with a second stationary block of mass 3.0 kg, find the velocity of blocks after the collision

Discuss the ethical considerations connected with the issue : Navigating the Grey: So far we have argued that journalism ethics is not black or white but largely consist ofgrey areas that need careful and considered navigation.

How much in dividends was paid to shareholders : In its most recent financial statements, ABC Inc. reported $35 of net income and $706 of retained earnings. The previous retained earnings were $824. How much in dividends was paid to shareholders during the year?

User Account

All Pages