KidCo bought forward contracts on 20,000 bushels of corn at $1.65 per bushel. Corporate tax rates are 35.00%. Revenue is $100,000 and other costs are $60,000. Spot prices on corn are $1.75 per bushel. Calculate the after-tax net income
A) $7,000 loss
B) $7,000 gain
C) $4,550 loss
D) $4,550 gain
D
Business
You might also like to view...
Ellipses indicate __________________
a. transition b. lists c. omissions d. creativity
Business
Consider a local club selling Christmas trees. If demand is normal with a mean of 200 and a standard deviation of 50, how many trees should the club stock if service level must be greater than 95%?
What will be an ideal response?
Business