Suppose for some year the income of a small company is $100 comma 000100,000; the expenses are $75 comma 00075,000; the depreciation is $22 comma 00022,000; and the effective income tax rateequals=3535%. what is the atcf for this year?

$23,950

Explanation:

Income  $100,000  

Expenses$75,000

Depreciation$22,000

income tax rate = 35%

Income  $100,000  

Expenses($75,000)

Depreciation($22,000)

EBT          $3,000

Income Tax$3,000 * (35/100) = $1,050

Net Income$1,950

ATCF  

=Earnings Before Tax + Depreciation

=$1,950 + $22,000  = $23,950

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know