Meric Mining Inc

question 82

Multiple Choice

Meric Mining Inc.recently reported $15,000 of sales,$7,500 of operating costs other than depreciation,and $1,200 of depreciation.The company had no amortization charges,it had outstanding $6,500 of bonds that carry a 6.25% interest rate,and its combined federal and provincial income tax rate was 35%.How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and shareholder reporting purposes.

• A)$3,284.55
• B)$3,457.42
• C)$3,639.39
• D)$3,830.94

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Schizophrenia is a severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

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The process of forming conclusions, judgments, or inferences from facts or premises.

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The part of the brain located at the front of each cerebral hemisphere, responsible for decision-making, problem-solving, control of purposeful behaviors, consciousness, and emotions.