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15. The Bubba Corp. had earnings before taxes of $202,000 and sales of $2,020,000. If it...
Cost of goods sold Depreciation expense Earnings after taxes Earnings before taxes Earnings before taxes Interest...
Cost of goods sold Depreciation expense Earnings after taxes Earnings before taxes Earnings before taxes Interest expense Sales Selling and administrative expense Taxes value: 20.00 points Lemon Auto Wholesalers had sales of $740,000 last year, and cost of goods sold represented 70 percent of sales. Selling and administrative expenses were 12 percent of sales. Depreciation expense was $18,000 and interest expense for the year was $11,000. The firm's tax rate is 30 percent. a. Compute earnings after taxes. Lemon Auto...
Assume a corporation has earnings before depreciation and taxes of $120,000, depreciation of $48,000, and that...
Assume a corporation has earnings before depreciation and taxes of $120,000, depreciation of $48,000, and that it has a 35 percent tax bracket. a. Compute its cash flow using the following format. (Input all answers as positive values.) Earnings before depreciation and taxes Depreciation Earnings before taxes Taxes Earnings after taxes Depreciation Cash Flow b. How much would cash flow be if there were only $12,000 in depreciation? All other factors are the same. c. How much cash flow is...
1. 20.00 points Assume a corporation has earnings before depreciation and taxes of $108,000, depreciation of...
1. 20.00 points Assume a corporation has earnings before depreciation and taxes of $108,000, depreciation of $46,000 and that it is in a 35 percent tax bracket. Compute its cash flow using the following format. (Input all answers as positive values.) Eamings before depreciation and taxes Depreciation Eamings before taxes Taxes Eamings after taxes Depreciation Cash flaw
Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and a...
Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and a 24 percent tax bracket a. Compute its cash flow using the following format. Earnings before depreciation and taxes Deprociation Eamings beflore taxes Taxes Earnings aftor taxes Depreciation Cash Soww b. Compute the cash flow for the company if depreciation is only $20,000. All other factors are the same. Cash flow Earrings before depreciation and taxes Earnings before taxes Taxes Earmings after taxes 166 points...
It is 2017. The company you founded called Mineral Gells had earnings before tax of $100,000,000...
It is 2017. The company you founded called Mineral Gells had earnings before tax of $100,000,000 this year (congratulations!). You are the company’s sole owner. The corporate tax rate is 35%, you are in the 39.6% marginal bracket, and your dividends are taxed at 20%. Mineral Gells is a C-corporation and pays out 50% of its income in the form of dividends. How much do you personally have to pay in taxes, and what is your after-tax dividend?
It is 2018. The company you founded called Mineral Gells had earnings before tax of $100,000,000...
It is 2018. The company you founded called Mineral Gells had earnings before tax of $100,000,000 this year (congratulations!). You are the company’s sole owner. The corporate tax rate is 21%, you are in the 37% marginal bracket, and your dividends are taxed at 20%. Mineral Gells is a C-corporation and pays out 50% of its income in the form of dividends. How much do you personally have to pay in taxes, and what is your after-tax dividend?
It is 2017. The company you founded called Mineral Gells had earnings before tax of $100,000,000...
It is 2017. The company you founded called Mineral Gells had earnings before tax of $100,000,000 this year (congratulations!). You are the company’s sole owner. The corporate tax rate is 35%, you are in the 39.6% marginal bracket, and your dividends are taxed at 20%. Mineral Gells is an S-corporation and does a 50% distribution of income. How much do you personally have to pay in taxes, and what is your after-tax distribution of income?
Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales $ 2,710,000 Cost...
Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales $ 2,710,000 Cost of goods sold 1,850,000 Gross profit $ 860,000 Selling and administrative expense 346,000 Operating profit $ 514,000 Interest expense 58,000 Income before taxes $ 456,000 Taxes (30%) 136,800 Income after taxes $ 319,200 a. Compute the profit margin for 20X1. (Input the profit margin as a percent rounded to 2 decimal places.) b. Assume in 20X2, sales increase by 10 percent and...
before taxes of $3,000 2. Using the formula method, solve for the dollar sales that are...
before taxes of $3,000 2. Using the formula method, solve for the dollar sales that are required to earn a target profit before taxes of $4,000. 3. Using the formula method, calculate the number of units that need to be sold to earn an after-tax income of $6,000, assuming a tax rate of 25%. EXERCISE 4-7 Compute the Margin of Safety [LO7] Exercise 4-7: Help Me Solve It Tutorial Click here to view a transcript of this video Mohan Corporation...
The WorkHardNowEnjoyLater Company had Earnings before Interest and taxes (EBIT or "operating profit") of $300,000 and...
The WorkHardNowEnjoyLater Company had Earnings before Interest and taxes (EBIT or "operating profit") of $300,000 and net income of $200,000. If the tax rate is 21%, what was the interest expense for the year? Hint: Work upwards from net income, the "bottom line" of the income statement. Begin by writing out the bottom part of an income statement and fill in what is given. Show all work for full credit. MUST SHOW ALL WORK
Cost of goods sold Depreciation expense Earnings after taxes Earnings before taxes Earnings before taxes Interest expense Sales Selling and administrative expense Taxes value: 20.00 points Lemon Auto Wholesalers had sales of $740,000 last year, and cost of goods sold represented 70 percent of sales. Selling and administrative expenses were 12 percent of sales. Depreciation expense was $18,000 and interest expense for the year was $11,000. The firm's tax rate is 30 percent. a. Compute earnings after taxes. Lemon Auto...
1. 20.00 points Assume a corporation has earnings before depreciation and taxes of $108,000, depreciation of $46,000 and that it is in a 35 percent tax bracket. Compute its cash flow using the following format. (Input all answers as positive values.) Eamings before depreciation and taxes Depreciation Eamings before taxes Taxes Eamings after taxes Depreciation Cash flaw
Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and a 24 percent tax bracket a. Compute its cash flow using the following format. Earnings before depreciation and taxes Deprociation Eamings beflore taxes Taxes Earnings aftor taxes Depreciation Cash Soww b. Compute the cash flow for the company if depreciation is only $20,000. All other factors are the same. Cash flow Earrings before depreciation and taxes Earnings before taxes Taxes Earmings after taxes 166 points...
before taxes of $3,000 2. Using the formula method, solve for the dollar sales that are required to earn a target profit before taxes of $4,000. 3. Using the formula method, calculate the number of units that need to be sold to earn an after-tax income of $6,000, assuming a tax rate of 25%. EXERCISE 4-7 Compute the Margin of Safety [LO7] Exercise 4-7: Help Me Solve It Tutorial Click here to view a transcript of this video Mohan Corporation...
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