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Density Farms, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative...
8. Density Farms, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and...
8. Density Farms, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of $76,000, and operating profit of $87,000. What was the value of depreciation expense? O $57000 O $155,000 O $157000 O $166,000
During 2019, Rainbow Umbrella Corp. had sales of $770,000. Cost of goods sold, administrative and selling...
During 2019, Rainbow Umbrella Corp. had sales of $770,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $125,000, and $180,000, respectively. In addition, the company had an interest expense of $56,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.) a. What is the company's net income for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) b. What is its operating cash...
During 2018, Raines Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and selling...
During 2018, Raines Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $150,000, respectively. In addition, the company had an interest expense of $89,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $53,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock...
During 2018, Raines Umbrella Corp. had sales of $721,000. Cost of goods sold, administrative and selling...
During 2018, Raines Umbrella Corp. had sales of $721,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $448,000, $96,000, and $141,500, respectively. In addition, the company had an interest expense of $71,000 and a tax rate of 23 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) company had an a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive...
During 2018, Raines Umbrella Corp. had sales of $742,000. Cost of goods sold, administrative and selling...
During 2018, Raines Umbrella Corp. had sales of $742,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $455,000, $99,500, and $145,000, respectively. In addition, the company had an interest expense of $72,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What...
A-Rod Fishing Supplies had sales of $2,860,000 and cost of goods sold of $1,930,000. Selling and...
A-Rod Fishing Supplies had sales of $2,860,000 and cost of goods sold of $1,930,000. Selling and administrative expenses represented 11 percent of sales. Depreciation was 6 percent of the total assets of $4,090,000. What was the firm’s operating profit?
During 2018, Raines Umbrella Corp. had sales of $739,000. Cost of goods sold, administrative and selling...
During 2018, Raines Umbrella Corp. had sales of $739,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $454,000, $99,000, and $144,500, respectively. In addition, the company had an interest expense of $72,200 and a tax rate of 24 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What...
During 2014, Raines Umbrella Corp. had sales of $743686. Cost of goods sold, administrative and selling...
During 2014, Raines Umbrella Corp. had sales of $743686. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $434397, $71886, and $352838, respectively. In addition, the company had an interest expense of $50573 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions. This means that if the company does not have any taxable income, they do not pay any tax.) What is Raines’s operating cash flow (OCF) for 2014?
During 2014, Raines Umbrella Corp. had sales of $743686. Cost of goods sold, administrative and selling...
During 2014, Raines Umbrella Corp. had sales of $743686. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $434397, $71886, and $352838, respectively. In addition, the company had an interest expense of $50573 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions. This means that if the company does not have any taxable income, they do not pay any tax.) What is Raines’s operating cash flow (OCF) for 2014?
During 2019, Rainbow Umbrella Corp. had sales of $780,000. Cost of goods sold, administrative and selling...
During 2019, Rainbow Umbrella Corp. had sales of $780,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $85,000, and $115,000, respectively. In addition, the company had an interest expense of $54,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.) a. What is the company's net income for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) b. What is its operating cash...
8. Density Farms, Inc. had sales of $500,000, cost of goods sold of $180,000, selling and administrative expense of $76,000, and operating profit of $87,000. What was the value of depreciation expense? O $57000 O $155,000 O $157000 O $166,000
During 2018, Raines Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $150,000, respectively. In addition, the company had an interest expense of $89,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $53,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock...
During 2018, Raines Umbrella Corp. had sales of $721,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $448,000, $96,000, and $141,500, respectively. In addition, the company had an interest expense of $71,000 and a tax rate of 23 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) company had an a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive...
During 2018, Raines Umbrella Corp. had sales of $742,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $455,000, $99,500, and $145,000, respectively. In addition, the company had an interest expense of $72,400 and a tax rate of 25 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What...
During 2018, Raines Umbrella Corp. had sales of $739,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $454,000, $99,000, and $144,500, respectively. In addition, the company had an interest expense of $72,200 and a tax rate of 24 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.) b. What...
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