A five-year MACRS asset that cost $50,000 was sold at the end of its useful life for $20,000. The book value of the asset at the time of sale was $0. The asset had no expected terminal value. The tax rate is 20%
What is the net after-tax cash effect from the sale of the asset?
A) $16,000 cash inflow
B) $16,000 cash outflow
C) $24,000 cash inflow
D) $24,000 cash outflow
A
Business
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Olivera, Inc provides the following data for 2017
Sales Revenue $626,000 Sales Returns and Allowances 21,000 Sales Discounts 6,000 Net Sales Revenue 599,000 Cost of Goods Sold 400,000 The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.) A) 31.79% B) 33.22% C) 66.78% D) 34.22%
Business
Explain briefly the Wheelwright and Clark general realization process model discussed in the text,
What will be an ideal response?
Business