what was the after-tax cost to BP of the payment

Assignment Help Accounting Basics
Reference no: EM132103263

Question - In 2015, British Petroleum agreed to pay $18.7 billion to a fund established by the U.S. government to settle claims related to the Deepwater Horizon oil spill in the Gulf of Mexico. If the agreement with the government was structured as a payment in settlement of a legal dispute, rather than as a fine or penalty, what was the after-tax cost to BP of the payment? (Use 6 zeroes and 3 commas in your answer).

Reference no: EM132103263

Questions Cloud

Explain the importance of storytelling : Your analysis of the data should be factual, yes. However, it should also be interesting, simple, and memorable. It should be a story.
How cognition could be improved or problems could be solved : Over the years, psychologists have proposed a number of different theories to describe the interactions between language and other types of cognition.
What would the proper accounting treatment : If ACME cancelled their Pilot service on February 17th, 2016 (before it's installation), what would the proper accounting treatment
Write your thoughts on the most important things : Write your thoughts on the most important things you read from the article in your opinion, don't write a summary so only thoughts.
what was the after-tax cost to BP of the payment : If the agreement with the government was structured as a payment in settlement of a legal dispute, what was the after-tax cost to BP of the payment
Calculate the cost of goods sold for march : Illinois Soybeans operates a processing plant in which soybeans are crushed to create soybean oil and soybean meal. Calculate the cost of goods sold for March
Determine the total joint cost for june : Question - Sales value and physical value allocation - Using the sales value at split-off approach, determine the total joint cost for June
How much rent expense should the firm record : At December 31st, how much rent expense should the firm record under the cash basis and under the accrual basis
What will be her income tax liabilities : If Lauren contributes $2,500 to the charity each year, what will be her income tax liabilities for 2015 and 2016

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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