The web Corp has sales of $143489, cost of goods sold and other expenses (excluding depreciation) of $55491, depreciation of $16870, and a debt of $8000 on which it has to pay 4% interest. It's tax rate is 35%. Calculate its net income
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- 1) Bakery has sales of $953,000 with COGS of $415,000 and SG&A expenses of $134, 000. Interest expense is $66,000 and depreciation is $58,000. The combined Federal and NJ Income tax rates are 30 percent. a) What is the gross profit for Julia’s?b) What is the operating income ?c) What is the EBT?d) What is the current year tax liability?e) What is the net income?f) If there are two shareholders and each received a dividend of $12,500 what are the retained earnings? 2) They are a publicly traded, and the stock pays a constant annual dividend of $1.39 per share. a) How much are you willing to pay for one share if you require a rate of return of 14.6 percent?b) How would that price change if the required rate of return dropped by 260 basis points?The company has just announced a change in their payout (dividend) policy. They now report that the dividend will grow at a rate of 3% per yearc)…A company's tax rate is 33% and its interest expense is $18,500. In addition, its cost of goods sold is 61% of sales and its depreciation and amortization expenses are $35,800. What must the company's revenue be for it to have earnings of $150,000? 1) $603,238 2) $641,914 3) $681,271 4) $713,284 5) $703,211Gia, Inc. has sales of $497,000, costs of $276,000, depreciation expense of $43,000, interest expense of $24,000, and a tax rate of 21%. How do i calculate net income?
- Estimate the gross income for Bling Enterprises, which reports a CFAT of $2.5 million, $900,000 in expenses, $900,000 in depreciation charges, and has an effective tax rate of 26.4%.Feather, Inc. has net income of $3,500,000. The company‘s depreciation expense is $680,000, its interest expense is $300,000, and its income tax rate is 45%. What is its taxable income?Holly Farms has sales of S509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of SI2,400. The tax rate is 28 percent. How much net income did the firm carn for the period?
- Acme Pest Control has sales of $13,500, cost of goods sold of $4,000, selling expenses of $3,500, depreciation of $2,000, interest expense of $2,000, and a tax rate of 34%. What is Acme's taxable income and tax expense?Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate $ Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net income 817,000 343,000 51,000 38,000 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement $ 817,000 343,000 51,000Webster world has sales of $13,800, costs of $5800, depreciation expense of $1100, and interest expense of $700. What is the OCF if the tax rate is 23 percent?
- Collin Krafts has sales of $820,000 and costs of $530,000. Interest expense is $35,000. The tax rate is 34% and the tax amount is $71,400. What is the amount of the depreciation expense if that is the only remaining expense on the statement of comprehensive income?For the past year, Momsen Limited had sales of $47362, interest expense of $4166, cost of goods sold of $17,359, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate was 21 percent, what was the company's net income? Multiple Choice O $5,132 $6,496 $11,550 $4,547 $2.444Byron Books Inc. recently reported $15 million of net income. Its EBIT was $31.2 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $15 million of net income by (1 T) = 0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.) Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations. $