Income Statement
Sales
$ 15,000
Operating expenses
COGS
$ 11,000
Depreciation
Income Statement
Sales
$ 15,000
Operating expenses
COGS
$ 11,000
Depreciation
800
Admin expenses
1,500
Total operating
expense
13,300
Operating income
1,700
Interest revenue
200
Gain on disposal of
equipment
400
Income before
taxes
2,300
Income tax
920
Net income
$ 1,380
Balance sheet
Assets
This year
Last year
Cash
$ 3,000
$ 1,100
A/R
500
530
Inventory
850
820
Prepaid Ins
150
200
Equipment...
pharrell, inc., has sales of $595,000, costs of
$263,000 depreciation expense of $66,000, interest expense of...
pharrell, inc., has sales of $595,000, costs of
$263,000 depreciation expense of $66,000, interest expense of
$33,000, and a tax rate of 30percent. The firm paid out $41,000 in
cash dividends. What is the addition to retained earnings.
Total revenue 1600000 Operating expenses (excluding depreciation
and amortization shown separately below) $500,000 Selling, general
and...
Total revenue 1600000 Operating expenses (excluding depreciation
and amortization shown separately below) $500,000 Selling, general
and administrative expenses (excluding depreciation and
amortization shown separately $199,194 Cost of product sold
$960,000 Other net periodic $(4,186) Depreciation &
Amortization $90,000 Loss on disposal on asset $2,162 Interest
expense net $50,000 Loss on debt extinguishment, net $6,484 Other
expense, net $1,000 Income before taxe $300,000 Income taxe expense
$70,000 Net Income $45,000
what is the operating income?
Higgins, Inc., has sales of $529,100, costs of $301,500,
depreciation expense of $43,600, interest expense of...
Higgins, Inc., has sales of $529,100, costs of $301,500,
depreciation expense of $43,600, interest expense of $21,700, a tax
rate of 23 percent, and paid out $29,600 in cash dividends.
a. What is the net income for the firm? (Do not round
intermediate calculations.)
b. What is the addition to retained earnings? (Do not round
intermediate calculations.)
Assume a firm has earnings before depreciation and taxes of
$550,000 and no depreciation. It is...
Assume a firm has earnings before depreciation and taxes of
$550,000 and no depreciation. It is in a 40 percent tax
bracket.
a. Compute its cash flow.
b. Assume it has $550,000 in depreciation.
Recompute its cash flow.
c. How large a cash flow benefit did the
depreciation provide?
The Alexander Company reported the following income statement
for 2016:
Sales $15,000,000
Less: Operating expenses
Wages,...
The Alexander Company reported the following income statement
for 2016:
Sales $15,000,000
Less: Operating expenses
Wages, salaries, benefits $6,000,000
Raw materials 3,000,000
Depreciation 1,500,000
General, selling, and administrative expenses 1,500,000
Total operating expenses 12,000,000
Earnings before interest and taxes (EBIT) $3,000,000
Less: Interest expense 750,000
Earnings before taxes $2,250,000
Less: Income taxes 1,000,000
Earnings after taxes $1,250,000
Less: Preferred dividends 250,000
Earnings available to common stockholders $1,000,000
Earnings per share—250,000 shares outstanding $4.00
Assume that all depreciation and 75 percent...
A company has sales of 10,644, COGS of 1,779, depreciation
expense of 972, interest expense of...
A company has sales of 10,644, COGS of 1,779, depreciation
expense of 972, interest expense of 996, tax rate of 29 percent,
and dividends of 359. What is the company's addition to retained
earnings?
Suppose Dansko Integrated has the following revenue and expenses
for 2019:
Revenues of $8,500,000
Cost of...
Suppose Dansko Integrated has the following revenue and expenses
for 2019:
Revenues of $8,500,000
Cost of Goods Sold of $2,550,000
Depreciation Expenses of $800,000
Income Taxes of $1,144,000
Interest Expenses of $90,000
Other Expenses of $500,000
Sales, General, & Administrative Expenses of $1,700,000
Create an income statement with amounts in thousands
What is the value of Earnings Before Interest &
Taxes?
Please specify your answer in the same units as the income
statement.
Papa Roach Exterminators, Inc., has sales of $729,000, costs of
$315,000, depreciation expense of $50,000, interest...
Papa Roach Exterminators, Inc., has sales of $729,000, costs of
$315,000, depreciation expense of $50,000, interest expense of
$28,000, and a tax rate of 35 percent. If the firm paid out $71,000
in cash dividends. What is the addition to retained earnings?
2. National Importers has sales of $609,600, costs of
$548,150, depreciation expense of $35,100, and interest...
2. National Importers has sales of $609,600, costs of
$548,150, depreciation expense of $35,100, and interest paid of
$12,400. The tax rate is 28 percent. How much net income did the
firm earn for the period?
3. The Comfy Inn had beginning retained earnings of $18,670.
During the year, the company reported sales of $93,490, costs of
$68,407, depreciation of $8,200, dividends of $950, and interest
paid of $478. The tax rate is 34 percent. What is the retained
earnings...