income statement: Nimitz Rental Company provided the following information to its auditors, for the year ended...
income statement: Nimitz Rental Company provided the following information to its auditors, for the year ended March 31, 2011, the. company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78, 122. if the company's tax rate is 34 percent, what is its net income after taxes?
Homework Answers
what is its net income after taxes
=(878412-352666-131455-108195-78122)*(1-34%)
=137262.84
the above is answer..
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income statement: Nimitz Rental Company provided the
following information to its auditors, for the year ended...
Nimitz Rental Company provided the following information to its auditors. For the year ended March 31,...
Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2014, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is the cash flow for Nimitz Rental?
3.26 Cash flows: Refer to the information given in problem 3.21. What is the cash flow...
3.26 Cash flows: Refer to the information given in problem 3.21. What is the cash flow for Nimitz Rental? 3.21 Income statement: Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is its net income after
Nimi Rental Company provided the following information to auditors. For the year ended March 31, 2013,...
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7. Preparation of closing entries The company's consolidated statement of income is provided below: Years Ended December 31, 2018 2019 (in millions of dollars) Revenues Sales by company-operated restaurant stores Revenue from franchised stores $8,894.9 $8,136.5 3.526.5 3,272.3 12.421411.408.8 Total revenues Operating costs and expenses Company-operated restaurant expenses: Food and packaging Payroll and other employee benefits Occupancy and other operating expenses 2,997.4 2,220.3 2,772.6 2,025.1 2.043.9 1851.9 7.2616 6.6496 613.9 Franchised restaurants-occupancy expenses General, administrative and selling expenses Made-for-You...
In its income statement for the year ended December 31, 2017, Blossom Company reported the following...
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3.26 Cash flows: Refer to the information given in problem 3.21. What is the cash flow for Nimitz Rental? 3.21 Income statement: Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is its net income after
Nimi Rental Company provided the following information to auditors. For the year ended March 31, 2013, the company had revenue of $877,100, general and administrative expense of $363100, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's tax rates 34 percent, what is net income after taxes (Round intermediate calculations and final answer to the nearest whole dotare. 5.225) Nimita Rental Company Income Statement as of March 31, 2013 Amount Net Sales...
Question 6 Your answer is partially correct. Try again Nimitz Rental company provided the following information to auditors. For the year ended March 31, 2013, the company had revenues of $588,200, general and administrative sense of $351,400, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. the company's tax rates 34 percent, what is its net income after taxes? (Roudn edate cat s and answer to the rest whole dollar... 5.275.) Nimita Rental Company e...
Problem 3.26 Your answer is incorrect. Try again. Cullumber Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $870,996, general and administrative expenses of $350,038, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is the cash flow from operating activity for Cullumber Rental? (Round Intermediate calculations and final answer to the nearest...
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In its income statement for the year ended December 31, 2017, Blossom Company reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $450,000 Loss on disposal of plant assets 1,149,500 Sales revenue 65,000 Income tax expense 145,200 Sales discounts 300,000 Utilities expense $83,000 2,210,000 25,000 120,000 100,000 Your answer is partially correct. Prepare a multiple-step income statement. (List other revenues before other expenses.) BLOSSOM COMPANY Income Statement For the Year...
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