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Author Question: Frederickson Office Supplies recently reported $17,500 of sales, $8,450 of operating costs other ... (Read 58 times)

blkth103

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on: Aug 7, 2023
Frederickson Office Supplies recently reported $17,500 of sales, $8,450 of operating costs other than depreciation, and $2,000 of depreciation. Assume for this question that the company uses the same depreciation method for tax and shareholder reporting purposes. The company had no amortization charges and no nonoperating income. It had $9,000 of bonds outstanding that carry a 6.5% interest rate, and its combined federal and provincial income tax rate was 38%. How much was the firm’s taxable income, or earnings before taxes (EBT)?

◦

$3,921


◦

$4,336


◦

$5,570


◦

$6,465

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by blkth103 on Aug 7, 2023

iamkarenvv

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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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blkth103

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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