pls answer 6 to 9. pls show the work in details.
pls answer 6 to 9. pls show the work in details. In-Class Exercise - Accounting Review...
In-Class Exercise - Accounting Review Chapter 2- Financial Statements. Cash Flow, and Taxes Frederickson Office Supplies recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no non- operating income. It had $8,000 of bonds outstanding that cary a 7.5 % interest rate, and its federal-plus- state income tax rate was 40 % . How much was the firm's taxable income, or earnings before taxes (EBT)? 1....
please show the work and provide correct answers. This is from financial management course In-Class Exercise - Accounting Review Chapter 2 - Financial Statements, Cash Flow, and Taxes 1. Frederickson Office Supplies recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no non- operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus- state income tax rate was 40%....
NEED ANSWER ASAP a.) On 12/31/2020, Heaton Industries Inc. reported retained earnings of $225,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020? Select the correct answer. a. $502,445 b. $502,665 c. $502,500 d. $502,555 e. $502,610 ------------------------------------------- b.) EP Enterprises has...
pls answer all the questions and show the work In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current liabilities of $47.950 last year. This year, the current assets are $80,400 and the current liabilities are $82,100. The depreciation expense for the past vear is $10,600 and the interest paid is $7.800. What is the amount of the change in net working capital (NWC)? Chapter 3 - Analysis of Financial Statements 11. Bloom Car...
QUESTION 120 Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. a. $3,989.33 b. $4,641.33 c. $4,420.31 d. $4,199.30 e. $3,789.87
1. Shener Software's current balance sheet shows total common equity of $100,000,000. The company has 5,000,000 shares of stock outstanding, and they sell at a price of $200 per share. By how much do the firm's market and book values per share differ? 2. El Taco Tote's balance sheet showed total current assets of $5,500, all of which were required in operations. Its current liabilities consisted of $1,000 of accounts payable, $1,000 short-term notes payable to the bank, and $500...
pls show the work In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current liabilities of $47.950 last year. This year, the current assets are $80,400 and the current liabilities are $82,100. The depreciation expense for the past vear is $10,600 and the interest paid is $7.800. What is the amount of the change in net working capital (NWC)? Chapter 3 - Analysis of Financial Statements 11. Bloom Car Rental's sales last year were...
Please show all working and answer all the questions if possible 1. Construct a balance sheet given the following data. What is shareholders' equity? Cash Inventory Plant and property Accounts receivable Accounts payable Long-term debt = $180,000 = $270,000 = $1,340,000 = $256,000 = $186,000 = $450,000 2. Lennox Furniture Company's 2016 balance sheet showed total current assets of $1,500,000. All of the current assets were required in operations, and its current liabilities consisted of $300.000 of accounts payable, $200,000...
ear 2 income statement data for Fuzzy Button, then answer the questions that follow. Be sure to round each dollar value to ti Fuzzy Button Clothing Company Income Statement for Year Ending December 31 Year 2 (Forecasted) Year 1 $25,000,000 Net sales 20,000,000 Less: Operating costs, except depreciation and amortization Less: Depreciation and amortization expenses 1,000,000 1,000,000 $4,000,000 Operating income (or EBIT) Less: Interest expense 400,000 Pre-tax income (or EBT) 3,600,000 Less: Taxes (40%) 1,440,000 Earnings after taxes $2,160,000 Less:...
?Please answer with details and equations. Blue Hamster Manufacturing Inc.'s income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next year. 1. Blue Hamster is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT) 2. The company's operating costs (excluding depreciation and amortization) remain at 60% of net sales, and its depreciation and amortization...