Meric Mining Inc

question 51

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 federal-plus-state income tax rate was 35%.How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes.

• A) $3,284.55
• B) $3,457.42
• C) $3,639.39
• D) $3,830.94
• E) $4,022.48

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Definitions:

Mental Resources

Cognitive capacities and energy available to an individual for executing tasks, processing information, and making decisions.

Kahneman

Daniel Kahneman is a psychologist known for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the Nobel Prize in Economic Sciences.

Inattentional Blindness

The phenomenon where an individual fails to perceive an unexpected stimulus that is in plain sight, due to focusing attention on another task, event, or object.

Counting Task

A cognitive task requiring individuals to count objects, stimuli, or events, often used to assess attention, speed, and working memory.