Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

The Millennium Chemical Corporation announced that for the period ending December 31, 2013, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The company's costs (excluding depreciation and amortization) amounted to 61% of revenues, and Millennium had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate was 34 percent?

a. $ 540,275

b. $ 486,290

c. $ 739,184

d. $ 958,083

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M940196

Have any Question? 


Related Questions in Accounting Basics

The assignment will require the group to undertake research

The assignment will require the group to undertake research using the website of the Australian Stock Exchange (ASX) and/or the Company whose industry is Food, Beverage & Tobacco that you have chosen. The assignment aims ...

Assignment - small business analysis and

Assignment - Small Business Analysis and Interpretation Small Business Analysis 1: The following financial statements were prepared for the management of TEDA Ltd. The statements contain some information that will be dis ...

Assignment questionbio-sustainable feeds bsf ltd an

ASSIGNMENT QUESTION Bio-sustainable Feeds (BSF) Ltd., an Australian bio-research firm listed on the Australian Stock Exchange (ASX), has engaged research on sustainable aqua-culture feeds for two decades. Its research on ...

What is represented by the labeled lines connecting

What is represented by the labeled lines connecting entities in an REA diagram? Why are journals and ledgers not modeled in an REA diagram?

Accounting questionsinternational accounting focuses on

Accounting Questions: International Accounting focuses on foreign currency and hedging. Why might a company prefer a foreign currency option rather than a forward contract in hedging a foreign currency firm commitment? W ...

Auditing assurance amp services individual assignment

Auditing Assurance & Services Individual Assignment Research Question - You work in a chartered accounting firm and your partner, Sally Smith, has asked you to do some research and write a report to update her about the ...

Assessment by the sports exports company of factors that

Assessment by the Sports Exports Company of Factors That Affect the British Pound's Value Because the Sports Exports Company (a U.S. ?rm) re- ceives payments in British pounds every month and converts those pounds into d ...

For an accounts receivable system what kind of data would

For an accounts receivable system, what kind of data would be found in the master files and transaction files, respectively?

Classification of liabilities presented below are various

(Classification of Liabilities) Presented below are various account balances of K.D. Lang Inc. (a) Unamortized premium on bonds payable, of which $3,000 will be amortized during the next year. (b) Bank loans payable of a ...

Learning objective 1 explain accounting language consider

(Learning Objective 1: Explain accounting language) Consider Wal-Mart, a large retailer. Classify the following items as an Asset (A), a Liability (L), or Stockholders' Equity (S) for Wal-Mart: a. Accounts payable b. Com ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate