The following information is given:

Income before interest and tax $20,000

Debt capital $100,000

Interest on debt capital 5%

Tax rate 30%

What is the amount of tax paid for the year?

The amount of tax paid for the year is $ [blank]

An economy produces only 1,000,000 computers valued at $2,000 each. Of these 200,000 are sold to consumers, 300,000 are sold to businesses, 300,000 are sold to the government, and 100,000 are sold abroad. No computers are imported.

Your broker requires an initial margin of $6,075 per wheat futures contract and a maintenance margin of $4,500 per contract. Wheat futures contracts cover 5,000 bushels and are quoted in cents per bushel.

Coachlight Inc. has a periodic inventory system. The company purchased 205 units of inventory at $9.50 per unit and 310 units at $10.50 per unit.

Economic efficiency is achieved when social surplus is maximized consumer surplus is equally distributed

You are evaluating a project that will cost $500,000, but is expected to produce cash flows of $125,000 per year for 10 years, with the first cash flow in one year.

Vega Enterprises has computed the following unit costs for the year just ended: Direct material used $12 Direct labor 18 Variable manufacturing overhead 25 Fixed manufacturing overhead 29 Variable selling and administrative cost 10 Fixed selling and

Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performed and billed but not collected at May 31, and (2) $1,000 of gasoline expense was incurred but not paid.

A firm just paid an annual dividend of $1.00 today. The dividend is expected to growth at a rate of 14% for the next three years, and then 6% thereafter. The required rate of return on this stock is 9%.

North Bank is analyzing Belle Corp.'s financial statements for a possible extension of credit. Belle's quick ratio is significantly better than the industry average.

Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", we expect the prices of housing in city A "Clean town" to a. increase b. decrease c.