Reference no: EM132429439
Question -
a) P Company sold merchandise to a subsidiary for $64,000. Gross profit rate is 40%. At year end, 20% of this remains unsold. The tax rate is 30%. What is the before tax and after-tax unrealized profit in ending inventory? Please highlight the after-tax unrealized profit in yellow.
Clearly indicate your answers as shown below:
Calculations:
Before tax unrealized profit:
After tax unrealized profit:
b) P Company sold merchandise to a subsidiary for $63,000. The mark-up on cost is 50%. At year end, 20% of this remains unsold. The tax rate is 30%. What is the before tax and after tax unrealized profit in ending inventory? Please highlight the after-tax unrealized profit in yellow.
Clearly indicate your answers as indicated below:
Calculations:
Before tax unrealized profit:
After tax unrealized profit:
c) AB Company issued a 10 year, 5%, $2,000,000 bond paying interest twice a year at a market rate of 4.2%. What was the issue price? Please highlight the issue price in yellow.
|
Is the legal drinking age a form of discrimination
: Is the legal drinking age a form of discrimination? Why or why not? Please describe in at least 200 words
|
|
Question - Business Casualty Loss
: Question - Business Casualty Loss. Identify the relevant Code Sections and regulations and find a court decision that is relevant to Mr. Brown' situation
|
|
Obstacles and opportunities for african american
: Examine how this demographic shift has influenced obstacles and opportunities for African American, Latino, Native American
|
|
Describe how the theories of aging relate to aging life
: Describe how the theories of aging relate to aging life expectancy - is aging random, programmed, or both?
|
|
What was the issue price
: AB Company issued a 10 year, 5%, $2,000,000 bond paying interest twice a year at a market rate of 4.2%. What was the issue price
|
|
Information systems security
: Information Systems Security (ISS). What is it? The act of protecting information and the systems that store, process and transmit
|
|
How have you used outlines in the past
: In what ways might an outline benefit you as you finish researching and as you write your research paper for this class?
|
|
Find the average rate of change of the distance
: find the average rate of change of the distance from the satellite to the surface of the Earth, when ? changes from ? /4 to ? / 3. What are the units
|
|
How many ways can you define the word outline
: In other words, how many meanings can you attach to the word? How do these meanings relate to one another? write about 280 words with these questions.
|