Last year,a firm had taxable cash receipts of $800,000,and the tax rate was 30%.What was the after-tax net cash inflow from these receipts?
A) $240,000.
B) $560,000.
C) $640,000.
D) $800,000.
Correct Answer:
Verified
Q64: A company anticipates a capital cost allowance
Q65: A company anticipates a tax-deductible cash expense
Q66: Superstrut is considering replacing an old press
Q67: Last year,the sales at Seidelman Company were
Q68: Suppose a machine that costs $80,000 has
Q70: A company needs an increase in working
Q71: A company anticipates a tax-deductible cash expense
Q72: At the Bartholomew Company last year,all sales
Q73: Last year,the sales at Jersey Company were
Q74: A company anticipates a capital cost allowance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents