For the past year, Momsen, Ltd., had sales of $46,577, interest expense of $3,932, cost of...
For the past year, Momsen, Ltd., had sales of $46,577, interest expense of $3,932, cost of goods sold of $16,834, selling and administrative expense of $11,861, and depreciation of $6,560. If the tax rate was 38 percent, what was the company's net income
Homework Answers
| Sales | 46,577 |
| Less:cost of goods sold | 16834 |
| Less:selling and administrative expense | 11861 |
| Less:depreciation | 6560 |
| EBIT | 11322 |
| Less:interest expense | 3932 |
| EBT | 7390 |
| Less:tax(7390*38%) | 2808.2 |
| Net income | $4581.8 |
Add Answer to:
For the past year, Momsen, Ltd., had sales of $46,577, interest
expense of $3,932, cost of...
For the past year, Kayla, Inc., has sales of $45,212, interest expense of $3,386, cost of...
For the past year, Kayla, Inc., has sales of $45,212, interest expense of $3,386, cost of goods sold of $15,609, selling and administrative expense of $11,196, and depreciation of $5,545. If the tax rate is 35 percent, what is the operating cash flow? Please show work, thank you!
During the year, Belyk Paving Co. had sales of $2,395,000. Cost of goods sold, administrative and...
During the year, Belyk Paving Co. had sales of $2,395,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,430,000, $435,500, and $490,500, respectively. In addition, the company had an interest expense of $215,500 and a tax rate of 40 percent. (Ignore any tax loss carryback or carryforward provisions.) A) What is the company’s net income? Net income= B) What is it's operating cash flow? Operating cash flow=
Lemon Auto Wholesalers had sales of $1,180,000 last year, and cost of goods sold represented 73...
Lemon Auto Wholesalers had sales of $1,180,000 last year, and cost of goods sold represented 73 percent of sales. Selling and administrative expenses were 13 percent of sales. Depreciation expense was $12,000 and interest expense for the year was $13,000. The firm's tax rate is 30 percent a. Compute earnings after taxes Lemon Auto Wholesalers Income Statement
During the year, Belyk Paving Co. had sales of $2,395,000. Cost of goods sold, administrative and...
During the year, Belyk Paving Co. had sales of $2,395,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,325,000, $615,000, and $444,000, respectively. In addition, the company had an interest expense of $269,000 and a tax rate of 23 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations...
During the year, Belyk Paving Co. had sales of $2.388,000. Cost of goods sold, administrative and...
During the year, Belyk Paving Co. had sales of $2.388,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1437000, $436,200, and $491200, respectively. In addition, the company had an interest expense of $216.200 and a tax rate of 35 percent. Ognore any tax loss carryback or carryforward provisions.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and round your answer to the...
Disturbed, Inc., had the following operating results for the past year: sales = $22,676; depreciation =...
Disturbed, Inc., had the following operating results for the past year: sales = $22,676; depreciation = $1,440; interest expense = $1,160; costs = $16,555. The tax rate for the year was 38 percent. What was the company's operating cash flow?
Whistler's sales for this past year were $21,381. The interest expense was $248, costs of goods...
Whistler's sales for this past year were $21,381. The interest expense was $248, costs of goods sold were $9,784, selling and general expenses were $1,208, depreciation was $811, and the addition to retained earnings was $325. The firm sold $500 of new stock shares and repurchased $125 of outstanding shares. What was the cash flow to stockholders if the tax rate was 34 percent?
show work 1. During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods...
show work
1. During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.) What is Belyk Paving's net income? What is Belyk Paving's operating cash flow? Determine Belyk Paving's Cash Coverage Ratio, Times...
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...
8 During 2018, Raines Umbrella Corp. had sales of $748,000. Cost of goods sold, administrative and...
8 During 2018, Raines Umbrella Corp. had sales of $748,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $457,000, $100,500, and $146,000, respectively. In addition, the company had an interest expense of $72,800 and a tax rate of 22 percent. (lgnore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) points a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.)...
Lemon Auto Wholesalers had sales of $1,180,000 last year, and cost of goods sold represented 73 percent of sales. Selling and administrative expenses were 13 percent of sales. Depreciation expense was $12,000 and interest expense for the year was $13,000. The firm's tax rate is 30 percent a. Compute earnings after taxes Lemon Auto Wholesalers Income Statement
During the year, Belyk Paving Co. had sales of $2,395,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,325,000, $615,000, and $444,000, respectively. In addition, the company had an interest expense of $269,000 and a tax rate of 23 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations...
During the year, Belyk Paving Co. had sales of $2.388,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1437000, $436,200, and $491200, respectively. In addition, the company had an interest expense of $216.200 and a tax rate of 35 percent. Ognore any tax loss carryback or carryforward provisions.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and round your answer to the...
show work
1. During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.) What is Belyk Paving's net income? What is Belyk Paving's operating cash flow? Determine Belyk Paving's Cash Coverage Ratio, Times...
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...
8 During 2018, Raines Umbrella Corp. had sales of $748,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $457,000, $100,500, and $146,000, respectively. In addition, the company had an interest expense of $72,800 and a tax rate of 22 percent. (lgnore any tax loss carryforward provisions and assume interest expense is fully tax deductible.) points a. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.)...
Most questions answered within 3 hours.
-
Rank the following titrations in order of increasing pH at the
halfway point to equivalence (1...
asked 5 minutes ago -
Physicians add a special dimension to a governing board. What
are the important things to consider...
asked 9 minutes ago -
Mr. Smalley, who had been diagnosed as manic-depressive and had
been in and out of mental...
asked 6 minutes ago -
A circular (0.8 m diameter) footing with q=50 kN/m^2 is placed
on the ground surface. Compute...
asked 12 minutes ago -
Calculate the effective radiation dosage in rems for a 75 ‑kg
person who is exposed to...
asked 13 minutes ago -
Determine the heat of combustion (ΔH2) for propane
(C3H8) using the bond energy table. HINT: you’ll...
asked 24 minutes ago -
1 Give the host id in binary for the following IP addresses
(assuming classful):
a) 130.11.6.9...
asked 26 minutes ago -
A concert loudspeaker suspended high off the ground emits 32 W
of sound power. A small...
asked 29 minutes ago -
WRITE A JAVA PROGRAM THAT READS DATA FROM A .CSV FILE
!!
PLEASE SEE INSTRUCTIONS BELOW...
asked 34 minutes ago -
Short essay, about 500 words that is structured like the
examples from the business world you...
asked 31 minutes ago -
A billiard ball moving at 6.00 m/s strikes a stationary ball of
the same mass. After...
asked 32 minutes ago -
From past history, the scores on a statistics test are normally
distributed with a mean of...
asked 1 hour ago