Business, 06.10.2019 02:00 bryanawesome23
Interest versus dividend income last year, shering corporation had pretax earnings from operations of $ 496.000. in addition, it received $ 30.000 in income from interest on bonds it held in zig manufacturing and received $ 30.000 in income from dividends on its 6 % common stock holding in tank industries, inc. shering is in the 21 % tax bracket and is eligible for a 50 % dividend exclusion on its tank industries stock. a. calculate the firm's tax on its operating earnings only. b. find the tax and the after-tax amount attributable to the interest income from zig manufacturing bonds. c. find the tax and the after-tax amount attributable to the dividend income from the tank industries, inc., common stock. d. compare, contrast, and discuss the after-tax amounts resulting from the interest income and dividend income calculated in parts b. and c. e. what is the firm's total tax liability for the year?
Answers: 3
Business, 22.06.2019 16:40, adreyan3479
Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622
Answers: 1
Business, 22.06.2019 19:40, mahoganyking16
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
Interest versus dividend income last year, shering corporation had pretax earnings from operations o...
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