Brookstone Electronics has the following information for the year: Depreciation (percent of sales): 3% Revenues: $80,000 Gross Profit: $30,000 PP&E: $50,000 What is the depreciation expense based on the information provided? a. $2,400 b. $2,000 c. $2,100 d. $1,500
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- Answer this QuestionConsider the following income statement: Sales $ 383,208Costs 249,312Depreciation 56,700Taxes 25% Calculate the EBIT. Calculate the net income. Calculate the OCF. What is the depreciation tax shield? Pls fastCalculate EBITDA I calculated $6,750,000 but I also calculated 6,507,692 - which one is correct? Operating costs (excl. depreciations & amortization): $4.5mDepreciation and amortization: $1.5mInterest: $0.7mNet Income: $2.8mTax Rate: 35%
- Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate calculations.) Sales $ 678,900 Costs 433,800 Depreciation 106,400 EBIT $ Taxes (30%) Net income $ Calculate the OCF. OCF $ What is the depreciation tax shield? Depreciation tax shield $Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales 2$ 659,000 Costs 420,100 Depreciation 98,900 EBIT Taxes (23%) Net income b. Calculate the OCF. (Do not round intermediate calculations.) What is the depreciation tax shield? (Do not round intermediate calculations.) C. b. OCF с. Depreciation tax shieldTJ Industries has revenue of $400,000 and expenses of $250,000. The depreciation cost is $80,000 and marginal tax rate is 35%. Calculate depreciation tax shield Group of answer choices 33,000 25,000 28000 15470
- Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $96,581; costs = $67,448; addition to retained earnings = $1,079; dividends paid = $329; interest expense = $1,641; tax rate = 37 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales 2$ 665,000 Costs 427,100 Depreciation 101,900 EBIT Taxes (23%) Net income Calculate the OCF. (Do not round intermediate calculations.) What is the depreciation tax shield? (Do not round intermediate calculations.) 1 OCF Depreciation tax shieldCoolidge Cola is forecasting the following income statement: Sales 30,000,000Operating costs excluding depreciation and amortization (20,000,000)EBITDA 10,000,000Depreciation and amortization (5,000,000)Operating income (EBIT) 5,000,000Interest expense (2,000,000)Taxable income (EBT) 3,000,000Taxes (40%) (1,200,000)Net income 1,800,000 Assume that, with the exception of depreciation, all other non-cash revenues and expenses…
- Fill in the missing numbers for the following income statement, and find the OCF and depreciation tax shield. Answer Sales $658,400 OCF = Costs 419,400 Depreciation 98,600 EBIT Taxes (22%) Depreciation tax shield = Net incomeFill in the missing numbers in the following income statement:The asset turnover from the following is: (Round to the nearest tenth) Gross Sales $60,000 //// Sales discount $3,000 II Sales returns and allowances $7,000 //// Total Assets $38,000 O a. 1.4 O b. 1.6 Oc. 1.5 O d. 1.3 A Moving to another question will save this response. «< Question 12 of 23 Sh Informative Top...docx の)