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Author Question: Meric Mining Inc. recently reported $21,000 of sales, $9,200 of operating costs other than ... (Read 72 times)

erikka246

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on: Aug 7, 2023
Meric Mining Inc. recently reported $21,000 of sales, $9,200 of operating costs other than depreciation, and $1,400 of depreciation. The company had no amortization charges, it had $8,200 of outstanding bonds that carry a 7% interest rate, and its combined federal and provincial income tax rate was 33%. How much was the firm’s net income after taxes? Assume for this question that Meric uses the same depreciation expense for tax and shareholder reporting purposes.

◦

$6,284.73


◦

$6,457.12


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$6,583.42


◦

$6,830.94

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by erikka246 on Aug 7, 2023

fdsajkl

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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erikka246

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

raili21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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