Sample Quiz questions The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $45.10. The variable cost per unit is $23.74, Poseidon Swim has average...

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Sample Quiz questions The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $45.10. The variable cost per unit is $23.74, Poseidon Swim has average fixed costs per year of $26,244. What is the break-even point in units for Poseidon Swim? Reversing Rapids Co. purchases an asset for $125,760. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of four years for $14,758.  Calculate tax credit on disposal. (The answer should be entered as positive value). Round the answer to two decimals. Reversing Rapids Co. purchases an asset for $118,596. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $12,255. Calculate After-Tax Cash Flow at disposal. Round the answer to two decimals.