Question

LBD sales are $82,000, COGS is $34,300, Additions to RE = $7,500, Dividends paid = $2,520....

  1. LBD sales are $82,000, COGS is $34,300, Additions to RE = $7,500, Dividends paid = $2,520. Interest expense = $6,200 and the tax rate is 23%. Calculate depreciation expense.
  2. The following data applies to LBD (Little Black Dress):  

Current liabilities = $ 3,250

Long-term Debt = $13,900

Current Assets = $ 4,200

Fixed Assets = $25,300

  1. What is shareholder’s equity?

What is net working capital

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Please refer to the following information to answer all of question 1: Income statement (millions of...
Please refer to the following information to answer all of question 1: Income statement (millions of dollars) Net sales $ 137,579 COGS $ 102,180 Other Expenses $ 17,171 Depreciation $ 8,514 EBIT $   9,714 Interest Expense $   255 Income Before Tax $   9,459 Tax Expense (35%) $   3,311 Net income $ 6,148 Dividends $   2,500 Balance sheet (millions of dollars) Cash $ 700 Accounts Receivable $ 12,000 Inventories $ 7,500     Other Assets $ 5,000 Property, Plant and Equipment, net $110,000...
Input Tesla, Inc. 2017 Income Statement Other Inputs Sales        40,259,230 Tax rate 40% COGS       ...
Input Tesla, Inc. 2017 Income Statement Other Inputs Sales        40,259,230 Tax rate 40% COGS        29,336,446 Growth rate 15% Other expenses           5,105,100 Capacity Utilization 100% Depreciation           1,804,220 EBIT           4,013,464 Interest              630,520 Taxable income           3,382,944 Taxes (40%)           1,353,178 Net income           2,029,766 Dividends              610,000 Add to RE           1,419,766 Tesla, Inc. Balance Sheet as of December 2017 Assets Liabilities & Equity Current Assets Current Liabilities    Cash              456,435    Accounts Payable          ...
Consolidation Working Paper One Year After Acquisition, Bargain Purchase (see re- lated P4.5) On January 1,...
Consolidation Working Paper One Year After Acquisition, Bargain Purchase (see re- lated P4.5) On January 1, 2019, Paxon Corporation acquired 90 percent of the outstanding com‑ mon stock of Saxon Company for $1,520 million cash. The fair value of the 10 percent noncontrolling interest in Saxon was estimated to be $180 million at the date of acquisition. Paxon uses the complete equity method to report its investment. The trial balances of Paxon and Saxon at December 31, 2019, appear below:...
The 2013 balance sheet of the Captain Jet Inc. is attached. During 2014, the following events...
The 2013 balance sheet of the Captain Jet Inc. is attached. During 2014, the following events occurred. 1. On January 10, sell merchandise on account to Rayms $9,600 and Fischer $8,800. Terms 2/10, n/30. Freight $100 for each sale, F.O.B. shipping point. 2. On January 12, purchase merchandise on account from Zapfel $3,000 and Liotta $2,400. Terms 1/10, n/30. Freight $120 for each sale, F.O.B. destination. 3. Receive checks, $4,000 from Longhini and $2,000 from Hall, for sales on account...
The 2015 balance sheet of Global Tours showed current assets of $1,360 and current liabilities of...
The 2015 balance sheet of Global Tours showed current assets of $1,360 and current liabilities of $940. The 2016 balance sheet showed current assets of $1,640 and current liabilities of $1,140. What was the change in net working capital for 2016? $80 $880 $920 $190 $170 Bonner Collision has shareholders' equity of $141,800. The firm owes a total of $126,000 of which 60 percent is payable within the next year. The firm net fixed assets of $161,900. What is the...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT