Victory Corp. has Assets $200,000,
Sales of $100,000, COGS of $25,000, Interest Expense of $15,000,
Depreciation...
Victory Corp. has Assets $200,000,
Sales of $100,000, COGS of $25,000, Interest Expense of $15,000,
Depreciation and Amortization of $10,000, Debt of $50,000, and
Selling and General Administrative Expenses of $20,000.
A. What
is Victory’s debt ratio?
B. What
is Victory’s TIE ratio?
The Booth Company's sales are forecasted to double from $1,000
in 2018 to $2,000 in 2019....
The Booth Company's sales are forecasted to double from $1,000
in 2018 to $2,000 in 2019. Here is the December 31, 2018, balance
sheet:
Cash
$ 100
Accounts payable
$ 50
Accounts receivable
200
Notes payable
150
Inventories
200
Accruals
50
Net fixed assets
500
Long-term debt
400
Common stock
100
Retained earnings
250
Total assets
$1,000
Total liabilities and equity
$1,000
Booth's fixed assets were used to only 50% of capacity during
2018, but its current assets were at their proper...
Net Sales
$8,436,500
Cost of Sales
3,374,600
Gross Profit
5,061,900
Operating, selling, and general and administrative...
Net Sales
$8,436,500
Cost of Sales
3,374,600
Gross Profit
5,061,900
Operating, selling, and general and administrative expenses
2,530,950
Operating profit
2,530,950
Interest expense, net
180,650
Income before income taxes
2,350,300
Income tax expense
470,060
Net Income
$1,880,240
james estimates that net sales will increase by 6% in
the year 2018. Cost of Sales are estimated to be 42% of net sales,
Operating, selling, general and administrative expenses are
expected to be 29% of net sales, Interest expense is expected to...
Moby Corporation has sales of $4,105,524; income tax of
$566,347; the selling, general and administrative expenses...
Moby Corporation has sales of $4,105,524; income tax of
$566,347; the selling, general and administrative expenses of
$259,23; depreciation of $353,132; cost of goods sold of
$2,743,532; and interest expense of $117,874. Calculate the amount
of the firm's after-tax cash flow from operations?
During 2019, Maverick Inc. had sales of $745,000. Cost of goods
sold, administrative and selling expenses,...
During 2019, Maverick Inc. had sales of $745,000. Cost of goods
sold, administrative and selling expenses, and depreciation
expenses were $578,000, $89,000, and $127,000, respectively. In
addition, the company had an interest expense of $105,000 and a tax
rate of 35 percent. (Ignore any tax loss carryback or carryforward
provisions.) Assume Maverick Inc. paid out $15,000 in cash
dividends. If spending on net fixed assets and net working capital
was zero, and if no new stock was issued during the...
During 2019, Maverick Inc. had sales of $748,000. Cost of goods
sold, administrative and selling expenses,...
During 2019, Maverick Inc. had sales of $748,000. Cost of goods
sold, administrative and selling expenses, and depreciation
expenses were $572,000, $98,000, and $135,000, respectively. In
addition, the company had an interest expense of $103,000 and a tax
rate of 30 percent. (Ignore any tax loss carryback or carryforward
provisions.) Assume Maverick Inc. paid out $20,000 in cash
dividends. If spending on net fixed assets and net working capital
was zero, and if no new stock was issued during the...
Muscat Pharmacy had sales of RO 1,000,000 (50,000 units) for
2019. The variable expenses were RO...
Muscat Pharmacy had sales of RO 1,000,000 (50,000 units) for
2019. The variable expenses were RO 600,000 and fixed expenses were
RO 300,000. What is the break-even point in units?
Select one:
a. 400,000
b. 37,500
c. None of the answers are correct
d. 750,000
e. 75,000
Muscat Pharmacy had sales of RO 1,000,000 (50,000 units) for
2019. The variable expenses were RO 600,000 and fixed expenses were
RO 300,000. What is the contribution margin ratio?
Select one:
a. 50%...
In 2019, X Company's profits after taxes were $200,000. In 2020,
the selling price was expected...
In 2019, X Company's profits after taxes were $200,000. In 2020,
the selling price was expected to be $40.50, the variable cost per
unit was expected to be $24.30, and total fixed costs were expected
to be $190,000. Assuming a tax rate of 38%, how many units must X
Company sell in 2020 in order to earn profit of $209,000?
FooD Corporation sold 5,000 units in October. Sales Revenue were
$ 200,000, Total Variable expenses were...
FooD Corporation sold 5,000 units in October. Sales Revenue were
$ 200,000, Total Variable expenses were $180,000, and Total fixed
expenses were $80,000. If the company increases its selling price
by 20%, how many units would have to be sold in October in order to
generate a profit of $40,000? (Show every step of your
calculations)