Saturday
October 25, 2014

Homework Help: Finance

Posted by tricica on Friday, July 23, 2010 at 1:15am.

Madison Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non-operating income. It had issued $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's taxable, or pre-tax, income?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Company reported $9,000 of sales, $6,000 of operation costs other than...
Finance - What is the 1 year operating cash flow? Sales $33,000 Depreciation $10...
Principles of Finance HELP!!! - Problem 16-7. Pro forma income statement At the ...
Finance - Delta Software is considering a new project whose data are shown below...
Finance - Delta Software is considering a new project whose data are shown below...
accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...
Fundamentals of finance - "Genatron wants to estimate what will happen to its ...
Fundamentals of finance - "Genatron wants to estimate what will happen to its ...
Finance - P5. Use your knowledge of income statements to fill in the missing ...
Managerial Accounting - The company reported a 6% operating margin on sales, a ...

Search
Members