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Author Question: Last year, Michelson Manufacturing reported $23,150 of sales, $7,500 of operating costs other than ... (Read 69 times)

awgagawg

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on: Aug 7, 2023
Last year, Michelson Manufacturing reported $23,150 of sales, $7,500 of operating costs other than depreciation, and $3,350 of depreciation. The company had no amortization charges, it had $4,500 of bonds outstanding that carry a 7% interest rate, and its combined federal and provincial income tax rate was 37%. This year’s data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $865. By how much will the depreciation change cause the firm’s net after-tax income and its net cash flow to change? Assume for this question that the company uses the same depreciation calculations for tax and shareholder reporting purposes.

◦

–$524.63; $309.84


◦

–$536.18; $313.01


◦

–$544.95; $320.05


◦

–$552.75; $341.02

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

koswald

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Reply #1 on: Aug 7, 2023
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awgagawg

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Reply 2 on: Aug 7, 2023
Wow, this really help

ASDFGJLO

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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