Homework Answers
| Sales | $1500000 |
| Less: cost of goods sold | 808000 |
| Less: depreciation | 175000 |
| Less: interest expense | 89575 |
| Income before tax | 427425 |
| Less : tax (427425*35%) | 149598.75 |
| Net income | $277826.25 |
| Add: Depreciation | 175000 |
| Cash flow from operating activities | $452826.25 |
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The Sunland Company has disclosed the following financial Information in its annual reports for the period...
The Sandhill Company has disclosed the following financial information in its annual reports for the period...
The Sandhill Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.48 million, cost of goods sold of $810,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $____________
The Oriole Company has disdlosed the following financial information in its annual reports for the period...
The Oriole Company has disdlosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.69 milion, cost of goods sold of $812,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. What is the company's net income? Set up an income statement to answer the question. (Round answers to 2 decimal places, e.g. 15.25) Oriole Company Income Statement Amount Eamings...
Ch 03 Cash flow from operating activity $
The Cullumber Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $ 1.45 million, cost of goods sold of $ 805,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.)Cash flow from operating activity $
The Oriole company has disclosed the following financial information and its annual reports for the period...
The Oriole company has disclosed the following
financial information and its annual reports for the period ending
March 31 2017: sales of 1.67 million, cost of goods sold of
$813,500, depreciation expenses of $175,000, and interest expenses
of $89,575. assume that the firm has an average tax rate of 35%.
what is the company's net income? Set up an income statement to
answer the question
Label options for header include:
1. for the year ended on March 31, 2017
2....
3.12 Cash flows: Given the data for Oakland Mills Company in Problem 3.7, compute the cash...
3.12 Cash flows: Given the data for Oakland Mills Company in Problem 3.7, compute the cash flows to investors from operating activity. 3.7. Income statement: The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.45 million, cost of goods sold of $812,500, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. What is the...
Question 7 The Sandhill Company has disclosed the following financial information in its annual reports for...
Question 7 The Sandhill Company has disclosed the following
financial information in its annual reports for the period ending
March 31, 2017: sales of $1.68 million, cost of goods sold of
$810,600, depreciation expenses of $175,000, and interest expenses
of $89,575. Assume that the firm has an average tax rate of 35
percent. What is the company’s net income? Set up an income
statement to answer the question. (Round answers to 2 decimal
places, e.g. 15.25) Sandhill Company Income Statement...
Please format answers to with EXCEL or to put in EXCEL. Thank you! 5. [EXCEL] Working...
Please format answers to with EXCEL or to put in EXCEL. Thank you! 5. [EXCEL] Working capital: Laurel Electronics reported the following information at its annual meeting: The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,121,599, accounts receivables of $3,488,121, short-term notes payable worth $1,151,663, and other current assets of $121,455. What is the company's net working capital? 6. [EXCEL] Working capital: The financial information for Laurel Electronics referred to in Problem 5...
Miami Company Miami Company included the following information in its annual reports 2019 2018 2017 $178,400...
Miami Company Miami Company included the following information in its annual reports 2019 2018 2017 $178,400 $162500 $161,500 Cost of goods sold 115,000 102,500 100.000 Operating expenses 50.000 50.000 45,000 Net income 13400 10,000 10,500 Refer to the information for Miami Company. In a percentage change income statement over the period of 2017 to 2019. what is the change in sales? 14,733 0.1056 90
*Problem 12-07A Presented below are the financial statements of Sunland Company Sunland Company Comparative Balance Sheets...
*Problem 12-07A Presented below are the financial statements of Sunland Company Sunland Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 56,000 Accounts receivable 32,000 Inventory 44,800 Property, plant, and equipment 96,000 Accumulated depreciation (51,200 ) Total $177,600 2021 $ 32,000 22,400 32,000 124,800 (38,400) $172,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 30,400 11,200 27,200 28,800 80,000 $177,600 $ 24,000 12,800 52,800 22,400 60,800 $172,800 $387,200 280,000 107,200...
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD....
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 Cash $54,000 Accounts receivable 85,000 Inventory 182,000 Long-term investments 79,000 Equipment 265,000 Accumulated depreciation (65,000) Total assets $600,000 2017 $29,000 74,500 195,500 110,000 156,000 (33,000) 5532,000 Liabilities and Shareholders' Equity Accounts payable $36,000 Bank loan payable 126,000 Common shares 219,000 Retained eamings 219,000 Total liabilities and shareholders' equity $600,000 $ 45,000 184,000 171,000 132,000 $532,000 Additional...
The Oriole Company has disdlosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.69 milion, cost of goods sold of $812,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. What is the company's net income? Set up an income statement to answer the question. (Round answers to 2 decimal places, e.g. 15.25) Oriole Company Income Statement Amount Eamings...
The Oriole company has disclosed the following
financial information and its annual reports for the period ending
March 31 2017: sales of 1.67 million, cost of goods sold of
$813,500, depreciation expenses of $175,000, and interest expenses
of $89,575. assume that the firm has an average tax rate of 35%.
what is the company's net income? Set up an income statement to
answer the question
Label options for header include:
1. for the year ended on March 31, 2017
2....
3.12 Cash flows: Given the data for Oakland Mills Company in Problem 3.7, compute the cash flows to investors from operating activity. 3.7. Income statement: The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.45 million, cost of goods sold of $812,500, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. What is the...
Question 7 The Sandhill Company has disclosed the following
financial information in its annual reports for the period ending
March 31, 2017: sales of $1.68 million, cost of goods sold of
$810,600, depreciation expenses of $175,000, and interest expenses
of $89,575. Assume that the firm has an average tax rate of 35
percent. What is the company’s net income? Set up an income
statement to answer the question. (Round answers to 2 decimal
places, e.g. 15.25) Sandhill Company Income Statement...
Miami Company Miami Company included the following information in its annual reports 2019 2018 2017 $178,400 $162500 $161,500 Cost of goods sold 115,000 102,500 100.000 Operating expenses 50.000 50.000 45,000 Net income 13400 10,000 10,500 Refer to the information for Miami Company. In a percentage change income statement over the period of 2017 to 2019. what is the change in sales? 14,733 0.1056 90
*Problem 12-07A Presented below are the financial statements of Sunland Company Sunland Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 56,000 Accounts receivable 32,000 Inventory 44,800 Property, plant, and equipment 96,000 Accumulated depreciation (51,200 ) Total $177,600 2021 $ 32,000 22,400 32,000 124,800 (38,400) $172,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 30,400 11,200 27,200 28,800 80,000 $177,600 $ 24,000 12,800 52,800 22,400 60,800 $172,800 $387,200 280,000 107,200...
* Question 6 The comparative unclassified statement of financial position for Sunland Ltd. follows: SUNLAND LTD. Statement of Financial Position December 31 Assets 2018 Cash $54,000 Accounts receivable 85,000 Inventory 182,000 Long-term investments 79,000 Equipment 265,000 Accumulated depreciation (65,000) Total assets $600,000 2017 $29,000 74,500 195,500 110,000 156,000 (33,000) 5532,000 Liabilities and Shareholders' Equity Accounts payable $36,000 Bank loan payable 126,000 Common shares 219,000 Retained eamings 219,000 Total liabilities and shareholders' equity $600,000 $ 45,000 184,000 171,000 132,000 $532,000 Additional...
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