When Computing Profit on an After-Tax Basis,it Is Necessary to Divide

question 45

True/False

When computing profit on an after-tax basis,it is necessary to divide the pretax profit by the effective tax rate.

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Definitions:

Calculus

A branch of mathematics dealing with the study of change, in the same way that geometry is the study of shape and algebra is the study of operations and their application to solving equations.

Sediment

Particles that settle at the bottom of a liquid; in medicine, it may refer to the solid material that settles at the bottom of a urine sample.

Urochrome

A pigment that gives urine its typical yellow color, produced as a by-product of the breakdown of hemoglobin in red blood cells.

Uric Acid

A waste product formed from the breakdown of purines, eliminated through urine.