Texas Instruments (TI) has put into place new laboratory equipment for the production of chemicals; it is installed for $2,000,000. The throughput rate for in-process test samples has increased the capacity of the lab, yielding a net profit of $700,000 per year. Depreciation is based on MACRS-GDS (table next page) and the equipment is in the 5- year property class. TI borrows 60% of all capital needed and the borrowing rate is 12%. The principal will be paid back in equal amounts over 4 years. Required:
a. Determine the taxable income for the Second year.
b. Determine the income tax for the Second year assuming a tax rate of 30%.
c. Determine the after-tax cash flow for the Second year.

Financial information that is capable of making a difference in a decision is

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.