# ANSWER AND SHOW WORK IN EXCEL ATTACHED IS QUESTION : 9s. 8 Omar Shipping Company bought a tugboat for \$75,000 (year 0) and expected to

ANSWER AND SHOW WORK IN EXCEL ATTACHED IS QUESTION : 9s. 8 Omar Shipping Company bought a tugboat for \$75,000 (year 0) and expected to use it for five years after which it will be sold for \$12,000. Suppose the company estimates
the following revenues and expenses from the tugboat investment for the first operating year:
Operating revenue
\$200,000
Operating expenses
\$84,000
Depreciation
\$4,000
If the company pays taxes at the rate of 30% on its taxable income, what is the net income during the first year?
a. \$28,700
b. \$81,200
c. \$78,400
d. \$25,900

(550 words)

Approximate price: \$22

## How it Works

1

It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.

2

Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.

3

After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.

4

Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!