Question

Question 4 Revenue      1,200.0000 Cost of good sold          800.0000 Gross profit Total operating expense...

Question 4
Revenue      1,200.0000
Cost of good sold          800.0000
Gross profit
Total operating expense          190.0000
Operating income
Interest expense            15.0000
Earnings before tax
Tax
Net income
TAX RATE
What must be the tax rate so that Net income is 136.50
Question 5
Revenue      1,200.0000
Cost of good sold          800.0000
Gross profit
Total operating expense          190.0000
Operating income
Interest expense            15.0000
Earnings before tax
Tax
Net income
TAX RATE 40%
With tax rate of 40%, what must be Total operating expense so that Net income equal to 50?
Question 6
Revenue      1,200.0000
Cost of good sold          800.0000
Gross profit
Total operating expense          500.0000
Operating income
Interest expense            15.0000
Earnings before tax
Tax
Net income
TAX RATE 40%
With tax rate of 40%, what must be Total operating expense so that Net Profit Margin equal to 10%?
Question 7
Revenue      1,200.0000
Cost of good sold          800.0000
Gross profit
Total operating expense          190.0000
Operating income
Interest expense            15.0000
Earnings before tax
Tax
Net income
TAX RATE 40%
With tax rate of 40%, what must be Total operating expense so that Net Profitequal to 0?

Homework Answers

Answer #1

Question 4

Revenue

     1,200.0000

Cost of good sold

         800.0000

Gross profit

400.0000

Total operating expense

         190.0000

Operating income

210.0000

Interest expense

           15.0000

Earnings before tax

195.0000

Tax

=(195-136.50) / 195

=30 %

Net income

136.50

TAX RATE

30 %

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