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If the before-tax cash flow, including salvage value, at the end of 6th year is

ID: 2647876 • Letter: I

Question

If the before-tax cash flow, including salvage value, at the end of 6th year is $600,000 in then-current dollar, and the cost basis for 5-year capital equipment is $600,000, then the then-current dollar taxable income at the end of 6th year is

A.

Cannot be determined without knowing inflation rate.

B.

$565,440.00

C.

$582,720.00

D.

$530,880.00

Suppose the fixed loan rate is 18% and the real after-tax MARR is 10%, then payment plan 4 will be the best compared to plans 1, 2, and 3 when the inflation rate is bigger than 8%.

True

False

Suppose after-tax MARR is 10%, income tax rate is 40%, and inflation rate is 6%, then payment plan 3 dominates 2 of the other three plans (1, 2, and 4) when the fixed loan rate is larger than 16.6%.

True

False

Consider the calculation of EBIT, times interest earned ratio, accounts receivable turnover, current ratio. How many of them require the data from income statement?

2

4

0

3

A.

Cannot be determined without knowing inflation rate.

B.

$565,440.00

C.

$582,720.00

D.

$530,880.00

Explanation / Answer

Solution :

If the before-tax cash flow, including salvage value, at the end of 6th year is $600,000 in then-current dollar, and the cost basis for 5-year capital equipment is $600,000, then the then-current dollar taxable income at the end of 6th year is

answer -

A.

Cannot be determined without knowing inflation rate.

Suppose the fixed loan rate is 18% and the real after-tax MARR is 10%, then payment plan 4 will be the best compared to plans 1, 2, and 3 when the inflation rate is bigger than 8%.

answer -

True

Suppose after-tax MARR is 10%, income tax rate is 40%, and inflation rate is 6%, then payment plan 3 dominates 2 of the other three plans (1, 2, and 4) when the fixed loan rate is larger than 16.6%.

answer -

True

Consider the calculation of EBIT, times interest earned ratio, accounts receivable turnover, current ratio. How many of them require the data from income statement?

answer -

A . 2

A.

Cannot be determined without knowing inflation rate.

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