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planned operating income is nothing but operating income . it is the income before considering the interest and tax .
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If Beta Corp's net income is $220,000 and the tax rate is 35%, then the company's...
If Beta Corp's net income is $240,000 and the tax rate is 30%, then the company's...
If Beta Corp's net income is $240,000 and the tax rate is 30%, then the company's planned operating income is ________. A. $312,000 B. $552,000 C. $342,857 D. $218,400
Net sales Cost of goods sold $220,000 $160,000 140,800 102,400 48,700 21,400 Operating expenses Income tax...
Net sales Cost of goods sold $220,000 $160,000 140,800 102,400 48,700 21,400 Operating expenses Income tax expense 14,000 9,000 Net income $ 16,500 $27,200 Determine the company's gross profit rate and profit margin for both years. (Round profit margin answers to 1 decimal place, e.g. 52.7.) 2017 2016 Gross profit rate Profit margin
Sage Hill Inc. reported the following in its 2017 and 2016 income statements. 2017 2016 Net sales $220,000 $18...
Sage Hill Inc. reported the following in its 2017 and 2016
income statements.
2017
2016
Net sales
$220,000
$180,000
Cost of goods sold
143,000
117,000
Operating expenses
44,500
21,520
Income tax expense
16,000
8,000
Net income
$ 16,500
$ 33,480
Sage Hill Inc. reported the following in its 2017 and 2016 income statements. 2017 2016 Net sales $220,000 $180,000 Cost of goods sold 143,000 117,000 Operating expenses 44,500 16,000 21,520 8,000 Income tax expense Net income $ 16,500 $33,480 Determine...
A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If...
A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation registered in this state has a taxable income of $100,000, answer the following questions (a) and (b) (a) What is the total state and federal income tax that the corporation must pay? O A. $50,534 O B. $72,962 O C. $28,586 OD. $95,390 (b) The corporation's effective income tax rate is closest to O A. 38% OB. 36% OC. 34% OD. 29%
P Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has...
P Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has short-term debt of $115,000, long-term debt of $321,000, and common equity of $436,000. What is its return on invested capital? a . 15.50% O b. 16.17% DOC. 18.27% O d. 14.92% O e 17.42% Question of 20 Helmuth Ine's latest net income was $1,410,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share...
2) Sales 56000 Costs 42000 Interest Expense 1625 Depreciation 2540 Tax Rate 35% What is company's...
2) Sales 56000 Costs 42000 Interest Expense 1625 Depreciation 2540 Tax Rate 35% What is company's Net income?
C. The company's income tax rate is 20%. After making all the above adjustments, SPC's net...
C. The company's income tax rate is 20%. After making all the
above adjustments, SPC's net income before taxes $10,000. No income
tax has been paid or recorded. Record at the adjusting entry for
income tax and 20% on that income before taxes of $10,000.
Fnewconnect.mheducation.com%252F#/activity/questi apter 4 HW 0 Saved wy 1. in the first account field.) 2 nts a. Prepaid Insurance shows a balance of zero at September 30, but Insurance Expense shows a debit balance of $2,340,...
Net Cash Flows The Moore Corporation has operating income (EBIT) of $850,000. The company's depreciation expense...
Net Cash Flows The Moore Corporation has operating income (EBIT) of $850,000. The company's depreciation expense is $150,000. Moore is 100% equity financed, and it faces a 35% tax rate. What is the company's net income? Round your answer to the nearest dollar What is its net cash flow? Round your answer to the nearest dollar.
Barbell Company reported net operating income (NOI) equal to $180,000 this year. Examination of the company's...
Barbell Company reported net operating income (NOI) equal to $180,000 this year. Examination of the company's balance sheet and income statement shows that the tax rate was 35 percent, the depreciation expense was $50,000, $140,000 was invested in assets during the year, and invested capital currently is $1,200,000. If Barbell' average after-tax cost of funds is 9 percent, what is the firm's EVA?
The top personal tax rate on both interest income and dividend income is 35%. The tax...
The top personal tax rate on both interest income and dividend income is 35%. The tax rate on realized capital gains is 15%. The corporate tax rate is 35%. a) Compute the total corporate plus personal taxes paid on $1 of debt income. b) Compute the total corporate plus personal taxes paid on $1 of equity income if all capital gains are realized immediately. Capital gains represent 25% of equity income.
Net sales Cost of goods sold $220,000 $160,000 140,800 102,400 48,700 21,400 Operating expenses Income tax expense 14,000 9,000 Net income $ 16,500 $27,200 Determine the company's gross profit rate and profit margin for both years. (Round profit margin answers to 1 decimal place, e.g. 52.7.) 2017 2016 Gross profit rate Profit margin
Sage Hill Inc. reported the following in its 2017 and 2016
income statements.
2017
2016
Net sales
$220,000
$180,000
Cost of goods sold
143,000
117,000
Operating expenses
44,500
21,520
Income tax expense
16,000
8,000
Net income
$ 16,500
$ 33,480
Sage Hill Inc. reported the following in its 2017 and 2016 income statements. 2017 2016 Net sales $220,000 $180,000 Cost of goods sold 143,000 117,000 Operating expenses 44,500 16,000 21,520 8,000 Income tax expense Net income $ 16,500 $33,480 Determine...
A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation registered in this state has a taxable income of $100,000, answer the following questions (a) and (b) (a) What is the total state and federal income tax that the corporation must pay? O A. $50,534 O B. $72,962 O C. $28,586 OD. $95,390 (b) The corporation's effective income tax rate is closest to O A. 38% OB. 36% OC. 34% OD. 29%
P Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has short-term debt of $115,000, long-term debt of $321,000, and common equity of $436,000. What is its return on invested capital? a . 15.50% O b. 16.17% DOC. 18.27% O d. 14.92% O e 17.42% Question of 20 Helmuth Ine's latest net income was $1,410,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share...
C. The company's income tax rate is 20%. After making all the
above adjustments, SPC's net income before taxes $10,000. No income
tax has been paid or recorded. Record at the adjusting entry for
income tax and 20% on that income before taxes of $10,000.
Fnewconnect.mheducation.com%252F#/activity/questi apter 4 HW 0 Saved wy 1. in the first account field.) 2 nts a. Prepaid Insurance shows a balance of zero at September 30, but Insurance Expense shows a debit balance of $2,340,...
Net Cash Flows The Moore Corporation has operating income (EBIT) of $850,000. The company's depreciation expense is $150,000. Moore is 100% equity financed, and it faces a 35% tax rate. What is the company's net income? Round your answer to the nearest dollar What is its net cash flow? Round your answer to the nearest dollar.
The top personal tax rate on both interest income and dividend income is 35%. The tax rate on realized capital gains is 15%. The corporate tax rate is 35%. a) Compute the total corporate plus personal taxes paid on $1 of debt income. b) Compute the total corporate plus personal taxes paid on $1 of equity income if all capital gains are realized immediately. Capital gains represent 25% of equity income.
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