If Julius has a 28% tax rate and a 12% after-tax rate of return, $61,000 of income.
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
EXHIBIT 3-1 Present Value of a Single Payment at Various Annual Rates of Return 8% Year 1 2 3 4 5 6 7 0₂ S 16 10 11 12 13 14 15 962 925 889 $55 $22 .790 760 731 .703 676 .650 .625 .601 577 555 5% 952 907 864 $23 784 746 711 677 645 614 585 557 530 505 481 943 $90 $40 792 747 .705 .665 627 592 558 527 497 469 442 417 7% 935 873 816 .763 713 .666 .623 582 544 508 475 444 415 388 .362 926 857 794 735 681 630 583 540 500 463 429 397 368 340 315 9% 917 842 772 .70S .650 596 547 502 460 422 388 356 .326 299 275 10% .909 $26 751 .683 621 564 513 467 424 .386 .350 319 290 263 239 11% 901 $12 731 659 593 535 482 434 391 352 317 236 258 232 209 12% 893 797 712 636 567 507 452 404 361 322 287 257 229 205 183 EXHIBIT 3-1 Present Value of a Single Payment at Various Annual Rates of Return 8% Year 1 2 3 4 5 6 7 0₂ S 16 10 11 12 13 14 15 962 925 889 $55 $22 .790 760 731 .703 676 .650 .625 .601 577 555 5% 952 907 864 $23 784 746 711 677 645 614 585 557 530 505 481 943 $90 $40 792 747 .705 .665 627 592 558 527 497 469 442 417 7% 935 873 816 .763 713 .666 .623 582 544 508 475 444 415 388 .362 926 857 794 735 681 630 583 540 500 463 429 397 368 340 315 9% 917 842 772 .70S .650 596 547 502 460 422 388 356 .326 299 275 10% .909 $26 751 .683 621 564 513 467 424 .386 .350 319 290 263 239 11% 901 $12 731 659 593 535 482 434 391 352 317 236 258 232 209 12% 893 797 712 636 567 507 452 404 361 322 287 257 229 205 183
Expert Answer:
Answer rating: 100% (QA)
To calculate how much tax Julius will pay in todays dollars in three years we need to account for th... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
Students also viewed these finance questions
-
Use the attached "words.txt" file to store the words along with their ranks in an AVL tree. Then provide the user the option to search for any word. If the word exists the program displays the rank...
-
The elevation of Reservoir at A is 130m and at C is 30m. The flow rate at Pipe 1 from Reservoir A is 2.2 m3 /s. All pipes have a length of 500 meters, friction factor f = 0.02, and sizes namely: Pipe...
-
(10 points) Given that ry + xy = 1. 1. Find a solution of the differential equation that satisfies the initial condition y(1) = 10. Answer: y = 2. Find a solution of the differential equation that...
-
Kebri LTD. sells Radios and Televisions. They have recorded their monthly revenue as follows. Revenue(Y) 330 180 209 390 391 304 347 461 538 610 Radio units (X1) 55 71 92 113 134 156 171 193 219 232...
-
Complete the requirements for each of the following independent cases: Case A. Dr Pepper Snapple Group, Inc., is a leading integrated brand owner, bottler, and distributor of nonalcoholic beverages...
-
What are regarded to be structured securities? How do these utilize passthroughs? What distinguishes the different tranches in a structured security? What is meant by the Z or equity tranche? How...
-
A U.S. Treasury bond pays a 7% coupon on January 7 and July 7. How much interest accrues per \($100\) of principal to the bond holder between July 7, 2013, and August 9, 2013? How would your answer...
-
Saguaro Systems produces and sells stereo systems for MP3 players. The following information has been collected about the costs related to the systems: Selling price per unit ........ ... .. $70...
-
Find all the complex numbers z such that z += 0. Is the set open or closed? {zC: z*+i=0}
-
Complete the statement of cash flow for January through June on the CashFlow worksheet by completing the following tasks. As part of the process, you will need to use a circular reference. You will...
-
Transactions: a. Nguyen invested $142,000 in cash to start the business. b. Paid $4,200 for the current month's rent. c. Bought furniture for $14,920 in cash. d. Performed services for $9,000 in...
-
Discuss how organizations can use group dynamics in the current HR context
-
Racie will receive payments of $550 a month for ten years. What are these payments worth today at a discount rate of 6 percent, compounded monthly?
-
1. What is the present value of $1,552.90 due in 10 years at (1) a 12 percent discount rate and (2) a 6 percent rate? 2. To the closest year, how long will it take a $200 investment to double if it...
-
Suppose a supplier gives you a price on a contract and then later comes back and claims that he mistakenly wrote down the wrong price. Do you have the right to sue the supplier over breach of...
-
A worker pushes a crate and the net force is 200. N. If the crate moves with an acceleration of 0.750 m/s, what is its (a) mass and (b) weight?
-
please help with the coordinates of the remaining corners of the building (A, A', C, C', D'); the side length of the cube; the lengths of the four segments AA', BB', CC', DD'; the area of the...
-
Reread the discussion leading to the result given in (7). Does the matrix sI - A always have an inverse? Discuss.
-
A company has the following shareholders equity section: Ordinary shares: par = 2 CU; 250,000 shares authorized; 100,000 shares issued and outstanding .. 200,000 Share premium . 30,000 Retained...
-
Gilbert Company was created in early X1. Its original capital was 2,500 shares with a par value of 100 CU. The composition of the capital as of 31 December X9, is described in article 7 of the...
-
Club Méditerranée, the French leisure company, reports the following information relating to its financial liabilities (Source: Annual reports 2010 and 2011, financial year...
-
Prove the second part of Theorem 3.8. That is let \(\left\{X_{n}ight\}_{n=1}^{\infty}\) be a sequence of random variables, \(X\) be a random variable, and \(g\) be a Borel function on \(\mathbb{R}\)....
-
Prove the first part of Theorem 3.7. That is let \(\left\{X_{n}ight\}_{n=1}^{\infty}\) be a sequence of random variables, \(c\) be a real constant, and \(g\) be a Borel function on \(\mathbb{R}\)...
-
Let \(\left\{X_{n}ight\}_{n=1}^{\infty},\left\{Y_{n}ight\}_{n=1}^{\infty}\), and \(\left\{Z_{n}ight\}_{n=1}^{\infty}\) be independent sequences of random variables that converge in probability to the...
Study smarter with the SolutionInn App