Homework Answers
| Answer | ||
| Income Statement | ||
| $ | ||
| Sales | 61000.00 | |
| Less : Cost | 29600.00 | |
| Less : Depreciation expense | 17543.00 | |
| EBIT | 13857.00 | |
| Less : Interest expense | 4300.00 | |
| EBT | 9557.00 | |
| Less :TAX (21% ) | 2007.00 | |
| Net income | 7550.00 | |
| Less : Dividends | 1950.00 | |
| Addition to retained earnings | 5600.00 | |
| Working notes | ||
| computation of net income | ||
| Addition to retained earnings = Net income - Dividends | ||
| $5600=Net income - $1950 | ||
| Net income = $7550 ( after tax ) | ||
| Computation of EBT | ||
| Net income after tax =$7550 | ||
| EBT = $7550/79 X 100 = $9557 (approx) | ||
| Computation of tax rate | ||
| $9557 X 21 %= $ 2007 (approx ) | ||
| Computation of EBIT | ||
| EBT = EBIT - Interest expense | ||
| $9557=EBIT - $ 4300 | ||
| EBIT = $9557 + $4300 =$13857 | ||
| Computation of Depreciation expense | ||
| EBIT = sales -cost -depreciation expense | ||
| $13857 =$61000 - $29600 -depreciation expense | ||
| Depreciation expense = $13857+ $29600 -$61000 = $17543 | ||
*all answers must be entered as a formula Chevelle. Inc., has sales of $39.500, costs of...
*all answers must be entered as a formula
Chevelle. Inc., has sales of $39.500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 21 percent, what is the operating cash flow, or OCF? Sales Costs Depreciation Expense Interest Expense Tax rate 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest Expense Tax rate 1,400 21% Complete...
All values must be entered as an excel formula, i.e. =SUM(D12-D13) Α E F G Billy's...
All values must be entered as an excel formula, i.e.
=SUM(D12-D13)
Α E F G Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate 817,000 343,000 51,000 38,000 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT...
All values must be entered as an excel formula, i.e. =SUM(D12-F7) B E F G H...
All values must be entered as an excel formula, i.e.
=SUM(D12-F7)
B E F G H $ Sales Costs Depreciation Expense Interest Expense Tax rate D 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. S Income Statement Sales 39,500 Costs 18,400 Depreciation expense 1,900 EBIT $ 19,200 Interest expense 1,400 EBT 17,800 Taxes (21%) 3,738 Net income $ 14.062 $ Operating cash flow
ALL ANSWERS MUST BE ANSWERED IN EXCEL FORMULA FORMAT Billy's Exterminators, Inc., has sales of $817,000,...
ALL ANSWERS MUST BE ANSWERED IN EXCEL FORMULA
FORMAT
Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate 817,000 343,000 51,000 38,000 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net...
all answers must be in entered as a formula. thanks. Calculating total cash flows - Excel...
all answers must be in entered as a formula. thanks.
Calculating total cash flows - Excel FORMULAS DATA REVIEW VIEW Sign In FILE HOME INSERT PAGE LAYOUT Arial Cells Editing Paste BIU 12 % 3.A - Alignment Number Conditional Format as Cell Formatting Table Styles Font Styles Clipboard X D32 D E G F H с А B Jetson Spacecraft Corp, shows the following information on its income statement: sales = $235,000; costs = $141,000; other expenses = $7,900; depreciation...
Answer all questions as a formula Calculating eamings per share and dividends per share- Excel Sign...
Answer all questions as a formula
Calculating eamings per share and dividends per share- Excel Sign In REVIEW VIEW ME FORMULAS INSERT DATA PAGE LAYOUT A A Calbri 11 AAlignment Number Conditional Format as Cell Formatting Table Styles Editing Cells B IU Styles Font J H D G E C B Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. The firm just paid...
All answers must be answered as a formula 1. Calculate the operating cash flow Calculating OCF-Exce...
All answers must be answered as a formula
1. Calculate the operating cash flow Calculating OCF-Exce HOME INSERTPAGE LAYOUTFORMULAS DATA REVIEWVEW Sign In Paste Clipboard Al T-3A Aligen berEatng Formatting Table Styles E F Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 35 percent, what is the operating cash flow, or OCF? S 39,500 18.400 1,900 1,400 Sales Depreciation Expense Interest Expense 10 Tax rate...
All Answers should be answered as a formula. x ? a x 5, HOME = INSERT...
All Answers should be answered as a formula.
x ? a x 5, HOME = INSERT Calculating operating cash flow - Excel FORMULAS DATA REVIEW - Sign In FILE PAGE LAYOUT VIEW Paste B I U - - A Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard F Font A1 F G H Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate...
All answers must be entered as a formula ! 1. Calculate the operating cash flow and...
All answers must be entered as a formula !
1. Calculate the operating cash flow and net working capital. Calculating Total Cash Flows Excel ?困- × HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEWVIEW Sign In B 1 u . 田. _a . Alignment Number Cond tional Formatas styles. Cells Editing Formatting" Table Clipboard Font Styles Al Jetson Spacecraft Corp. shows the following information on its 2011 income statement: sales $235,000; costs = $141,000; other expenses-$7,900, depreciation expense-S 17,300; interest expense...
All answers must be entered as a formula! 1. Calculate the net income. Building an Income...
All answers must be entered as a formula!
1. Calculate the net income. Building an Income Statement Exce HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VEW Sign in Paste B nl. |B- 5--. Algnment Number Conditional Format asCell . ormatting TableStylelEditing A B Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, depreciation expense of $48,000, interest expense of $35,000, and a tax rate of 35 percent. What is the net income for this firm? Sales Costs Depreciation expense...
*all answers must be entered as a formula
Chevelle. Inc., has sales of $39.500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 21 percent, what is the operating cash flow, or OCF? Sales Costs Depreciation Expense Interest Expense Tax rate 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest Expense Tax rate 1,400 21% Complete...
All values must be entered as an excel formula, i.e.
=SUM(D12-D13)
Α E F G Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate 817,000 343,000 51,000 38,000 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT...
All values must be entered as an excel formula, i.e.
=SUM(D12-F7)
B E F G H $ Sales Costs Depreciation Expense Interest Expense Tax rate D 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. S Income Statement Sales 39,500 Costs 18,400 Depreciation expense 1,900 EBIT $ 19,200 Interest expense 1,400 EBT 17,800 Taxes (21%) 3,738 Net income $ 14.062 $ Operating cash flow
ALL ANSWERS MUST BE ANSWERED IN EXCEL FORMULA
FORMAT
Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate 817,000 343,000 51,000 38,000 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net...
all answers must be in entered as a formula. thanks.
Calculating total cash flows - Excel FORMULAS DATA REVIEW VIEW Sign In FILE HOME INSERT PAGE LAYOUT Arial Cells Editing Paste BIU 12 % 3.A - Alignment Number Conditional Format as Cell Formatting Table Styles Font Styles Clipboard X D32 D E G F H с А B Jetson Spacecraft Corp, shows the following information on its income statement: sales = $235,000; costs = $141,000; other expenses = $7,900; depreciation...
Answer all questions as a formula
Calculating eamings per share and dividends per share- Excel Sign In REVIEW VIEW ME FORMULAS INSERT DATA PAGE LAYOUT A A Calbri 11 AAlignment Number Conditional Format as Cell Formatting Table Styles Editing Cells B IU Styles Font J H D G E C B Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. The firm just paid...
All answers must be answered as a formula
1. Calculate the operating cash flow Calculating OCF-Exce HOME INSERTPAGE LAYOUTFORMULAS DATA REVIEWVEW Sign In Paste Clipboard Al T-3A Aligen berEatng Formatting Table Styles E F Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 35 percent, what is the operating cash flow, or OCF? S 39,500 18.400 1,900 1,400 Sales Depreciation Expense Interest Expense 10 Tax rate...
All Answers should be answered as a formula.
x ? a x 5, HOME = INSERT Calculating operating cash flow - Excel FORMULAS DATA REVIEW - Sign In FILE PAGE LAYOUT VIEW Paste B I U - - A Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard F Font A1 F G H Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate...
All answers must be entered as a formula !
1. Calculate the operating cash flow and net working capital. Calculating Total Cash Flows Excel ?困- × HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEWVIEW Sign In B 1 u . 田. _a . Alignment Number Cond tional Formatas styles. Cells Editing Formatting" Table Clipboard Font Styles Al Jetson Spacecraft Corp. shows the following information on its 2011 income statement: sales $235,000; costs = $141,000; other expenses-$7,900, depreciation expense-S 17,300; interest expense...
All answers must be entered as a formula!
1. Calculate the net income. Building an Income Statement Exce HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VEW Sign in Paste B nl. |B- 5--. Algnment Number Conditional Format asCell . ormatting TableStylelEditing A B Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, depreciation expense of $48,000, interest expense of $35,000, and a tax rate of 35 percent. What is the net income for this firm? Sales Costs Depreciation expense...
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