Question: assume that you sell the business for $250000 and your current book value at the time of sale is $221335 you are taxed At the

assume that you sell the business for $250000 and your current book value at the time of sale is $221335 you are taxed At the rate of 35%.what is your net sale price(i.e Sale price net of taxes)

Step by Step Solution

★★★★★

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To find the net sale price ie sale price net of taxes follow t... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

At the time of sale of a $1,000,000 5year bond that pays interest semiannually, if the market rate is 10 and the the face coupon rate is 12, the bond will sell at a premium---------.

1. Assume that you sell short 350 shares of a stock when the market price is 32.10-32.15. Your broker demands a 20% haircut for collateral and pays a short rebate of 3%. You borrow all needed cash...

1. Assume that you sell short 350 shares of a stock when the market price is 32.1032.15. Your broker demands a 20% haircut for collateral and pays a short rebate of 3%. You borrow all needed cash for...

Which of the following domains are closed and which are bounded? (a) {(x, y) R: x + y 1} (b) {(x, y) = R: x + y 0, y > 0} (e) {(x, y) = R: 1 x 4,5 y 10}...

Although the most common type of general long-term liabilities are those arising from financing activities (e.g., bonds, notes, and capital leases), general long-term liabilities can also be created...

10 What are the main elements that should be considered in designing the layout and appearance of a questionnaire?

1. Offer surprise rewards for good participation in class.

On July 1, 2015, Ashlock Chemical Company issued $4,000,000, 10%, 10 year bonds at $4,543,627. This price resulted in an 8% effective-interest rate on the bonds. Ashlock uses the effective-interest...

What is a computer opering system in java

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8623732/pdf/nutrients-13-03884.pdf Please read and critique this article answering the following questions in paragraph form: 1. What is the hypothesis...

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long - term bond fund, and the third is a money market fund that provides a safe return of 6 % ....

Betsy really likes working at Thompson Trucking. She likes how things are in the office and can't figure out why Rachel is always getting so upset about the turnover rate of foreign workers. Betsy...

3. Nat Ltd purchases a 100 per cent interest in Angourie Ltd. The cost of the acquisition is $1 400 000 plus associated legal costs of $70 000. As at the date of acquisition, the statement of...

Please help me with the following questions. 1. Part A The distance to a particular star, as measured in the earth's frame of reference, is 7 79 ly (1 light year is the distance light travels in 1 y...

PR 4-5 Accounting cycle 8. Net income: $68,130 217 OBJ. 4, 5 For the past several years, Samantha Hogan has operated a part-time consulting business from her home. As of July 1, 20Y9, Samantha...

An article posted by the Canadian Visa Organization regarding the cost of living in Canada in 2021 stated that Canadians spend most of their salary on paying house rent or housing mortgages....

Venture capital required rate of return. Blue Angel Investors has a success ratio of 10% with its venture funding Blue Angel requires a rate of return of 20.5% for its portiolio of lending: and the...

Compare and contrast licensing and subcontracting.

Assume that Naperville Co. will use equity to finance a project in Switzerland, while Lombard Co. will rely on a dollar-denominated loan to finance a project in Switzerland, and that Addison Co. will...

Today, the stock price of Genevo Company (based in Switzerland) is priced at SF80 per share. The spot rate of the Swiss franc (SF) is $.70. During the next year, you expect that the stock price of...

The country of Zars has large capital flows with the U.S. It has no trade with the U.S, and will not have trade with the U.S. in the future. Its interest rate is 6%, the same as the U.S. interest...

Which perspective would a researcher be taking if she were studying a clients early childhood experiences and his resulting development of self? a. evolutionary b. cognitive c. behavioral d....

Wesley has learned that if he cries with his mother in public, she will often get him a new toy or a piece of candy to quiet him. Which of the following perspectives explains Wesleys behavior? a....

Which of the following professionals in psychology has a doctoral degree, but not in medicine? a. psychiatric nurse b. psychiatrist c. psychologist d. psychiatric social worker

Related Book

International financial management 12th edition by Jeff Madura