The Tax Questions Blog

Posts Tagged ‘taxable activity’

Question: I need help with these 2 financial questions?

I need help with these two problems. Here's the info:
Net Sales$318,400
Less-Cost of Goods Sold 229,800
Less:Depreciation 9,100
Earnings before interest and taxes 79,500
Less:Interest paid 7200
Taxable Income $72,300
Less:Taxes 25,300
Net Income $47,000
Cash 2006-$18,700 2007-$24,200
Accounts Receivable 2006-$16,400 2007-$14,900
Inventory 2006-$154,200 2007-$128,500
Sub-total 2006-$189,300 2007-$167,600
Net fixed assets 2006-$84,500 2007-$121,800
Total 2006-$273,800 2007-$289,400
Accounts payable 2006-$88,000 2007-$67,900
Long-term debt 2006-$94,800 2007-$89,600
*Common Stock 2006-$57,500 2007-$60,000
Retained earnings 2006-$33,500 $2007-$71,900
Total 2006-$273,800 2007-$289,400
*The Par Value of the common stock is $1 per share

1-What is the amount of the net cash from investment activity for 2007?
A)$46,400
B)$41,800
C)$52,400
D)$52,000
E)$37,300

2-What is the amount of dividends paid in 2007?
A)$2,357
B)$217
C)$349
D)$0
E)$2,013

Answer: 1 c 2 e!!!

Why do nonprofits have taxable subsidiaries?: An article from: National Tax Journal $9.95 This digital document is an article from National Tax Journal, published by National Tax Association on December 1, 2008. The length of the article is 12812 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.From the author: Nonprofit organizations operat...

How to convert a million dollar taxable IRA to ten million dollars of tax-free cash without risk.(individual retirement accounts): An article from: The National Public Accountant $5.95 This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on August 1, 2003. The length of the article is 2817 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web br...

Assumption of liabilities in taxable asset and Sec. 338(h)(10) acquisitions.: An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA's on April 1, 2008. The length of the article is 1267 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Assumption of liabilities in tax...

TD Bank Financial Group Reports Third Quarter 2010 Results

TD Bank Financial Group today announced its financial results for the third quarter ended July 31, 2010. Overall results for the quarter reflected very strong retail earnings growth.

How to improve your after-tax returns - Vanguard