Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...

Question

Question

Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...

Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, and a tax rate of 25 percent.

What is the net income for this firm? (Do not round intermediate calculations.)

business Operations-Management

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Sales = $677000

Cost = $339000

Depreciation = $83000

Interest Expense = $51500

Tax = 25%

Net Profit = Sales - Cost - Depreciation - Interest Expense

= $677000 - $339000 - $83000 - $51500 = $203500

Tax = $203500 * 25% = $50875

Net Profit = $203500 - $50875 = $152625

Add a comment

Answer 2

Similar Homework Help Questions

Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...

Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings
Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest...

Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, and a tax rate of 25 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $674,000, costs of $336,000, depreciation expense of $80,000, interest...

Griffin's Goat Farm, Inc., has sales of $674,000, costs of $336,000, depreciation expense of $80,000, interest expense of $50,000, and a tax rate of 22 percent. What is the net income for this firm? (Do not round intermediate calculations.) Net income

Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of $71,000, interest...

Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of $71,000, interest expense of $45,500, and a tax rate of 23 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $676,000, costs of $338,000, depreciation expense of $82,000, interest...

Griffin's Goat Farm, Inc., has sales of $676,000, costs of $338,000, depreciation expense of $82,000, interest expense of $51,000, and a tax rate of 24 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of $71,000, interest...

Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of $71,000, interest expense of $45,500, and a tax rate of 23 percent. What is the net income for this firm? (Do not round intermediate calculations.)

Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest...

Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,000, and a tax rate of 21 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest...

Griffin's Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest expense of $45,000, and a tax rate of 22 percent. What is the net income for this firm? (Do not round intermediate calculations.) points Net income eBook
Griffin's Goat Farm, Inc., has sales of $668,000, costs of $330,000, depreciation expense of $74,000, interest...

Griffin's Goat Farm, Inc., has sales of $668,000, costs of $330,000, depreciation expense of $74,000, interest expense of $47,000, a tax rate of 21 percent, and paid out $46,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Pompeii, Inc., has sales of $56,000, costs of $25,400, depreciation expense of $2,850, and interest expense of $2,600. If the tax rate is 25 percent, what is the operating cash flow, or OCF? (Do not round...

Griffin's Goat Farm, Inc., has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest...

Griffin's Goat Farm, Inc., has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest expense of $54,000, a tax rate of 25 percent, and paid out $39,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)

Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...

Homework Answers

Add Answer to:
Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...

Post as a guest

Earn Coins