Billy’s Exterminators, Inc., has sales revenue of $749,000, fixed and variable costs of $306,000, depreciation expense...
Billy’s Exterminators, Inc., has sales revenue of $749,000, fixed and variable costs of $306,000, depreciation expense of $58,000, interest expense of $39,000, and an (effective) tax rate of 35 percent. What is the net income for this firm?
Homework Answers
| Income Statement | |
| Particulars | Amount ($) |
| Sales Revenue | 7,49,000 |
| Less: Fixed & Variable Costs | 3,06,000 |
| Less: Depreciation Expenses | 58,000 |
| Earnings Before Interest & Tax (EBIT) | 3,85,000 |
| Less: Interest Expenses | 39,000 |
| Earnings Before Tax (EBT) | 3,46,000 |
| Less: Tax at 35% [$346,000 x 35%] | 1,21,100 |
| Net Income | 2,24,900 |
Add Answer to:
Billy’s Exterminators, Inc., has sales revenue of $749,000,
fixed and variable costs of $306,000, depreciation expense...
Billy’s Exterminators, Inc., has sales revenue of $743,000, fixed and variable costs of $294,000, depreciation expense...
Billy’s Exterminators, Inc., has sales revenue of $743,000, fixed and variable costs of $294,000, depreciation expense of $46,000, interest expense of $33,000, and an (effective) tax rate of 35 percent. What is the net income for this firm? (I tried $24,500 & it was incorrect.)
Building an Income Statement. Billy’s Exterminators, Inc. has sales of $900,000, costs of $303,000, depreciation expense...
Building an Income Statement. Billy’s Exterminators, Inc. has sales of $900,000, costs of $303,000, depreciation expense of $50,000, interest expense of $38,000, and a tax rate of 35%. What is the net income? Show your Income Statement
Papa Roach Exterminators, Inc., has sales of $734,000, costs of $395,000, depreciation expense of $39,000, interest...
Papa Roach Exterminators, Inc., has sales of $734,000, costs of $395,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 40 percent. A. What is the net income for the firm? B. What is the addition to retained earnings? Please be sure to break down how you are calculating this! Thank you
Papa Roach Exterminators, Inc., has sales of $584,000, costs of $315,000, depreciation expense of $45,000, interest...
Papa Roach Exterminators, Inc., has sales of $584,000, costs of $315,000, depreciation expense of $45,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income for firm? Multiple Choice: $131,950 $197,950 $152,950 $176,950 $-1,400
Papa Roach Exterminators, Inc., has sales of $654,000, costs of $235,000, depreciation expense of $44,000, interest...
Papa Roach Exterminators, Inc., has sales of $654,000, costs of $235,000, depreciation expense of $44,000, interest expense of $24,000, and a tax rate of 40 percent. What is the net income for firm?
Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, de of $48.000, interest expense of...
Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, de of $48.000, interest expense of $35,000, and a tax rate of 35 percent. W income for this firm? inco Sales Costs Depreciation expense Interest expense 734,000 315,000 48,000 35,000 35% Tax rate 85.000 Cash dividends 110 000 Shares outstanding Complete the following analysis. Do not hard code values in your answers. Income Statement Sales Costs Depreciation expense EBIT Interest expense ЕВТ Taxes (35%) Net income e
Papa Roach Exterminators, Inc., has sales of $699,000, costs of $285,000, depreciation expense of $36,000, interest...
Papa Roach Exterminators, Inc., has sales of $699,000, costs of $285,000, depreciation expense of $36,000, interest expense of $21,000, and a tax rate of 35 percent. If the firm paid out $76,000 in cash dividends. What is the addition to retained earnings? $___________________
Papa Roach Exterminators, Inc., has sales of $729,000, costs of $335,000, depreciation expense of $38,000, interest...
Papa Roach Exterminators, Inc., has sales of $729,000, costs of $335,000, depreciation expense of $38,000, interest expense of $21,000, and a tax rate of 35 percent. If the firm paid out $74,000 in cash dividends. What is the addition to retained earnings $181,750 $143,750 $202,750 $164,750 $129,375
Papa Roach Exterminators, Inc., has sales of $719,000, costs of $225,000, depreciation expense of $38,000, interest...
Papa Roach Exterminators, Inc., has sales of $719,000, costs of $225,000, depreciation expense of $38,000, interest expense of $33,000, and a tax rate of 40 percent. If the firm paid out $75,000 in cash dividends. What is the addition to retained earnings?
Papa Roach Exterminators, Inc., has sales of $709,000, costs of $215,000, depreciation expense of $40,000, interest...
Papa Roach Exterminators, Inc., has sales of $709,000, costs of $215,000, depreciation expense of $40,000, interest expense of $27,000, and a tax rate of 40 percent. If the firm paid out $79,000 in cash dividends. What is the addition to retained earnings? Multiple Choice $%244,200 $204,200 $159,480 $217,200 ew s11.20
Billy's Exterminators, Inc., has sales of $734,000, costs of $315,000, de of $48.000, interest expense of $35,000, and a tax rate of 35 percent. W income for this firm? inco Sales Costs Depreciation expense Interest expense 734,000 315,000 48,000 35,000 35% Tax rate 85.000 Cash dividends 110 000 Shares outstanding Complete the following analysis. Do not hard code values in your answers. Income Statement Sales Costs Depreciation expense EBIT Interest expense ЕВТ Taxes (35%) Net income e
Papa Roach Exterminators, Inc., has sales of $709,000, costs of $215,000, depreciation expense of $40,000, interest expense of $27,000, and a tax rate of 40 percent. If the firm paid out $79,000 in cash dividends. What is the addition to retained earnings? Multiple Choice $%244,200 $204,200 $159,480 $217,200 ew s11.20
Most questions answered within 3 hours.
-
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 24 minutes ago -
Find the absolute error D for the calculation if A + B/C=D A=
9.4 +/- 0.4...
asked 38 minutes ago -
New Air Heating and Cooling, manufactures furnaces and central
air units. The company pride itself on...
asked 51 minutes ago -
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 2 hours ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 4 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 6 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 6 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 8 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 8 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 8 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 9 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 9 hours ago