Question Solved1 Answer The Dakota Corporation had a 2021 taxable income of $4,200,000 from operations after all operating costs but before (1) interest charges of $1.200.000 (2) dividends received of $94.000, (3) dividends paid of $660,000, and (4) income taxes (the firm's tax rate is 21 percent) .. Calculate Dakota's income tax Hability (Round your answer to the nearest dollar amount.) income tax liability b. What are Dakota's average and marginal tax rates on taxable income? (Round your newers to 2 decimal places.) Average tax rate Marginal tax rate

P11-25 Integrative—Determining relevant cash flows Lombard Company is contemplating the purchase of a new high-speed widget grinder to replace the existing grinder. The existing grinder was purchased 2 years ago at an installed cost of $60,000; it was being depreciated under MACRS using a 5-year recovery period. The existing grinder is expected to have a usable life of 5 more years. The new grinder costs $105,000 and requires $5,000 in installation costs; it has a 5-year usable life and would be depreciated under MACRS using a 5-year recovery period. Lombard can currently sell the existing grinder for $70,000 without incurring any removal or cleanup costs. To support the increased business resulting from purchase of the new grinder, accounts receivable would increase by $40,000, inventories by $30,000, and accounts payable by $58,000. At the end of 5 years, the existing grinder would have a market value of zero; the new grinder would be sold to net $29,000 after removal and cleanup costs and before taxes. The firm is subject a 40% tax rate. The esti- mated earnings before depreciation, interest, and taxes over the 5 years for both the new and the existing grinder are shown in the following table. (Table 4.2 on page 117 contains the applicable MACRS depreciation percentages.) Year Earnings before depreciation, interest, and taxes New grinder Existing grinder $43,000 $26,000 43,000 24,000 43,000 22,000 43,000 20,000 43,000 18,000 a. Calculate the initial investment associated with the replacement of the existing grinder by the new one. b. Determine the incremental operating cash inflows associated with the proposed grinder replacement. (Note: Be sure to consider the depreciation in year 6.) c. Determine the terminal cash flow expected at the end of year 5 from the pro- posed grinder replacement. d. Depict on a time line the relevant cash flows associated with the proposed grinder replacement decision. TABLE 4.2 Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Recovery year 3 years 33% 45 Percentage by recovery year 5 years 7 years 20% 14% 10 years 10% 18 32 10 100% 100% 100% Totals 100% These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance depreciation using the half-year convention.

Assignment Details answer must be at least 200 words respond to both questions Ethics in Business Consumers and attorney generals in more than 40 states accused a prominent nationwide chain of auto repair shops of misleading customers and selling them unnecessary parts and services, from brake jobs to front-end alignments. Lynn Sharpe Paine reported the situation as follows in “Managing for Organizational Integrity,” Harvard Business Review, Volume 72 Issue 3: In the face of declining revenues, shrinking market share, and an increasingly competitive market … management attempted to spur performance of its auto centers. … The automotive service advisers were given product-specific sales quotas—sell so many springs, shock absorbers, alignments, or brake jobs per shift—and paid a commission based on sales. … [F]ailure to meet quotas could lead to a transfer or a reduction in work hours. Some employees spoke of the “pressure, pressure, pressure” to bring in sales. This pressure-cooker atmosphere created conditions under which employees felt that the only way to satisfy top management was by selling products and services to customers that they didn't really need. Suppose all automotive repair businesses routinely followed the practice of attempting to sell customers unnecessary parts and services. How would this behavior affect customers? How might customers attempt to protect themselves against this behavior? How would this behavior probably affect company profits and employment, both short-term and long-term in the automotive service industry?

Consumers and attorney generals in more than 40 states accused a prominent nationwide chain of auto repair shops of misleading customers and selling them unnecessary parts and services, from brake jobs to front-end alignments. Lynn Sharpe Paine reported the situation as follows in “Managing for Organizational Integrity,” Harvard Business Review, Volume 72 Issue 3:In the face of declining revenues, shrinking market share, and an increasingly competitive market . . management attempted to spur performance of its auto centers. . . . The automotive service advisers were given product-specific sales quotas—sell so many springs, shock absorbers, alignments, or brake jobs per shift—and paid a commission based on sales. . . . Failure to meet quotas could lead to a transfer or a reduction in work hours. Some employees spoke of the “pressure, pressure, pressure” to bring in sales.This pressure-cooker atmosphere created conditions under which employees felt that the only way to satisfy top management was by selling products and services to customers that they didn’t really need.Suppose all automotive repair businesses routinely followed the practice of attempting to sell customers unnecessary parts and services.How would this behavior affect customers? How might customers attempt to protect them- selves against this behavior?How would this behavior probably affect profits and employment in the automotive service industry?How does this case compare or contrast to the recent ethics case involving “Wells Fargo Bank”. Whatt took place at Wells Fargo and how does it compare and differ from the scenario described above.

explain A and b (ii) step by step plz 13. (а) Factorise completely 9 mn2-3 mn. (b) Simplify 3 - 2t і (i) Зp 5р 7 14 5p

Determine the unknown values of a given closed traverse: Line Latitude Departure AB 65.25 DMD DA 1486.69 ii. i. BC 112.16 2877.53 iv. CD 165.02 DA 34.37 Yi. Area

Determine the unknown values of a given closed traverse: Line Latitude Departure AB 65.25 DMD DA 1486.69 ii. i. BC 112.16 2877.53 iv. CD 165.02 DA 34.37 Yi. Area