Homework Answers
Add Answer to:
The firm had sales of S30 million, operating expenses of si 5 million, interest of S4...
Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses...
Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses amounted to $20 million and costs of goods sold totaled $15 million. In addition, CSS received $80,000 in dividend income, and paid $300,000 in dividends to its stockholders. CSS has $25 million in bonds outstanding with an annual interest payment of 9%. The firm also had $6 million in depreciation expense, and sold land for $3.5 million that had been purchased for $2.5 million...
Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses...
Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses amounted to $20 million and costs of goods sold totaled $15 million. In addition, CSS received $80,000 in dividend income, and paid $300,000 in dividends to its stockholders. CSS has $25 million in bonds outstanding with an annual interest payment of 9%. The firm also had $4 million in depreciation expense, and sold land for $3.5 million that had been purchased for $2.5 million...
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million...
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,000. The firm had $114,000 in depreciation expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000 in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax payment? $62,160 $63,210 $59,010 $68,460 $65,310 Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses...
Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2%...
Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2% sales, Tax rate 40% Divided payout 40% 100,000 shares stock outstanding. Complete an income statement and Proforma income statement for 2021. Sales projections indicate 10% growth with no change in depreciation expense. Year 2020 Proforma Growth -10% 50.0% Income Statement Sales COGS Gross Profit Operating expense Depreciation Exp EBIT Oper. Profit 25.0% No change Interest exp. 2.00% 40 EBT Tax 40% EAT Dividend RE...
A firm had the following accounts and financial data for 2019 Accounts receivable Interest expense Total...
A firm had the following accounts and financial data for 2019 Accounts receivable Interest expense Total operating expenses Sales revenue $3,060 500 126 600 Accounts payable240 Cost of goods sold Preferred stock dividends Tax rate Number of common shares outstanding $1,800 18 40% 1,000 The firm's net profit after taxes for 2019 is _. OA. OB. O C. ○ D· $206.25 $213.80 $320.40 -$206.40
looking to 2021. Their current sales are $16 million, COGS are 30% of sales, operating expenses...
looking to 2021. Their current sales are $16 million, COGS are 30% of sales, operating expenses 40% of sales, interest expense 1% of sales and depreciation expense $100,000. Tax 40%, dividend payout 20%. 1 million shares stock. what is their net profit margin? Show work.
A firm reports that in a certain year it had a net income of $4.3 million,...
A firm reports that in a certain year it had a net income of $4.3 million, depreciation expenses of $3.0 million, capital expenditures of $2.1 million, and Net Working Capital decreased by $1.2 million. What is the firm's free cash flow for that year? OA. $4.6 million OB. $40 million O C. $6.4 million OD. 510 6 million
The firm has net income of SA million, operating revenues of $265 million, and $20 million...
The firm has net income of SA million, operating revenues of $265 million, and $20 million of interest expense. The fim's tax rate is 20%. What were the firm's operating expenses? O a. $ 225 million Ob.$230 milion 。c. 235 million O d.$ 240 million Oe $250 milliorn
The Firm, Inc. has an after-tax cost of capital of 12%, and its tax rate is...
The Firm, Inc. has an after-tax cost of capital of 12%, and its tax rate is 40%. Last year the firm had S3,400,000 of earnings before interest and taxes on its $12,000,000 of sales, while depreciation expense was $800,000, and interest expense $200,000. The firm had capital employed of $5,000,000. What is the firm's operating cash flow? a. $2.76 milion O b. $2.79 million O c. $2.84 million O d. $2.51 million O e. $2.60 million The Firm has an...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and S60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its net income for last year? 2 Vroom Vroom Motors is in the 40% tax bracket and has preferred stock dividends due of S3,000 and 15,000 common stock shares outstanding. Based on this information, what...
Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses amounted to $20 million and costs of goods sold totaled $15 million. In addition, CSS received $80,000 in dividend income, and paid $300,000 in dividends to its stockholders. CSS has $25 million in bonds outstanding with an annual interest payment of 9%. The firm also had $6 million in depreciation expense, and sold land for $3.5 million that had been purchased for $2.5 million...
Given data: 2020 Sales $4 million COGS 50%. Operating expenses 25% of sales, interest expense 2% sales, Tax rate 40% Divided payout 40% 100,000 shares stock outstanding. Complete an income statement and Proforma income statement for 2021. Sales projections indicate 10% growth with no change in depreciation expense. Year 2020 Proforma Growth -10% 50.0% Income Statement Sales COGS Gross Profit Operating expense Depreciation Exp EBIT Oper. Profit 25.0% No change Interest exp. 2.00% 40 EBT Tax 40% EAT Dividend RE...
A firm had the following accounts and financial data for 2019 Accounts receivable Interest expense Total operating expenses Sales revenue $3,060 500 126 600 Accounts payable240 Cost of goods sold Preferred stock dividends Tax rate Number of common shares outstanding $1,800 18 40% 1,000 The firm's net profit after taxes for 2019 is _. OA. OB. O C. ○ D· $206.25 $213.80 $320.40 -$206.40
A firm reports that in a certain year it had a net income of $4.3 million, depreciation expenses of $3.0 million, capital expenditures of $2.1 million, and Net Working Capital decreased by $1.2 million. What is the firm's free cash flow for that year? OA. $4.6 million OB. $40 million O C. $6.4 million OD. 510 6 million
The firm has net income of SA million, operating revenues of $265 million, and $20 million of interest expense. The fim's tax rate is 20%. What were the firm's operating expenses? O a. $ 225 million Ob.$230 milion 。c. 235 million O d.$ 240 million Oe $250 milliorn
The Firm, Inc. has an after-tax cost of capital of 12%, and its tax rate is 40%. Last year the firm had S3,400,000 of earnings before interest and taxes on its $12,000,000 of sales, while depreciation expense was $800,000, and interest expense $200,000. The firm had capital employed of $5,000,000. What is the firm's operating cash flow? a. $2.76 milion O b. $2.79 million O c. $2.84 million O d. $2.51 million O e. $2.60 million The Firm has an...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and S60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its net income for last year? 2 Vroom Vroom Motors is in the 40% tax bracket and has preferred stock dividends due of S3,000 and 15,000 common stock shares outstanding. Based on this information, what...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 2 hours ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 3 hours ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 5 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 5 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 8 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 8 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 8 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 8 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 9 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 9 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 9 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 9 hours ago