Builtrite had sales of $900,000 and COGS of $280,000. In addition, operating expenses were calculated at 30% of sales. Builtrite also received dividends of $50,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $50,000 was realized during the year along with a capital loss of $70,000 Based on their taxable income, what is Builtrite's tax liability? $136,000 O $124,100 $117,300 O $115,600 O $113,900
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- Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net income of $40 million. Included in the income was interest expense of $2,800,000. The companys tax rate was 40%. Total assets were $470 million, current liabilities were $104,000,000, and $72,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon?Builtrite had sales of $700,000 and CCOGS of $300,000. In addition, operating expenses were calculated at 25% of sales. Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $80,000 was realized during the year along with a capital loss of $60,000 What is Builtrite's taxable income? $280,000 $257,000 $232,000 $217,000The following year-end data pertain to Adan Corporation: Earnings before interest and taxes 800,000 Current assets 800,000 Non-Current assets 3,200,000 Current Liabilities 400,000 Non-current liabilities 1,000,000 Adan corporation pays an income tax rate of 30%. Its weighted average cost of capital is 10%. What is Adan corporations Economic value added (EVA)?
- Reliable Corporation had sales of $61,122,248, cost of goods sold of $24,201,696, operating expenses of $14,500,000 and depreciation of $3,624,644. The firm received $115,882 in dividend income and paid 8% interest on $15,000,000 in outstanding bonds. Also, Reliable sold stock during the year, receiving a $120,000 gain on stock owned 4 years, but losing $160,000 on stock owned 6 years. What is the firm's tax payment? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END. DO NOT ENTER THE $ SIGN SYMBOL.i.e. if your answer is 1,000,000 enter it as 1,000,000.Nataro, Inc., has sales of $662,000, costs of $335,000, depreciation expense of $80,000, interest expense of $45,000, and a tax rate of 22 percent. The firm paid out $75,000 in cash dividends. What is the addition to retained earningssidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000, interest expense of $49,000, and a tax rate of 21 percent. The firm paid out $79,000 in cash dividends. What is the addition to retained earnings?
- A & E Holdings' profit and loss statement showed a net income of 934% of revenue or $29,250. Twenty percent of net income was paid in corporation tax and 75% of the net income after-tax was paid out as dividends to Alice and Emile, who share in the ratio 5 to 3. (a) What was the revenue of A & E Holdings? (b) How much was the after-tax income? (c) How much was paid out in dividends? (d) What percent of net income did Alice receive as a dividend?Sales for J. P. Hulett Inc. during the past year amounted to $4.3 million. Gross profits totaled $1.06 million, and operating and depreciation expenses were $493,000 and $357,000, respectively. Dividend income for the year was $11,000, which was paid by a firm in which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window, Taxable Income Marginal Tax Rate $0−$50,000 15% $50,001−$75,000 25% $75,001−$100,000 34% $100,001−$335,000 39% $335,001−$10,000,000 34% $10,000,001−$15,000,000 35% $15,000,001−$18,333,333 38% Over $18,333,333 35% to Comcute the corporation's tax liability. What are thefirm's average and marginal tax rates?Barnes' Brothers has the following data for the year ending 12/31/12: Net income = $500; Net operating profit after taxes (NOPAT) = $850; Total assets = $3,000; Short-term investments = $100; Stockholders' equity = $2,000; Total debt = $700; and Total operating capital = $3,000. Barnes' weighted average cost of capital is 17.1%. What is its economic value added (EVA)? (Round your answer to 2 decimal places.)
- ou have been given the following information for Moore’s HoneyBee Corp.: Net sales = $44,000,000. Gross profit = $19,400,000. Other operating expenses = $3,400,000. Addition to retained earnings = $8,328,000. Dividends paid to preferred and common stockholders = $2,100,000. Depreciation expense = $2,000,000. The firm’s tax rate is 21 percent. The firm's interest expense is all tax deductible.Calculate the cost of goods sold and the interest expense for Moore’s HoneyBee Corp. (Round your answers to the nearest dollar amount.) Cost of goods sold Interest expenseGreen Grass, Inc., has sales of $573,000, costs of $284,000, depreciation expense of $32,000, interest expense of $13,000, and a tax rate of 32 percent. (Do not include the dollar sign ($).) If the firm paid out $55,000 in cash dividends, the addition to retained earnings is $ _____ .Barnes' Brothers has the following data for the year ending 12/31/12: Net income = $550; Net operating profit after taxes (NOPAT) = $650; Total assets = $2,700; Short-term investments = $100; Stockholders' equity = $2,000; Total debt = $750; and Total operating capital = $2,300. Barnes' weighted average cost of capital is 11%. What is its economic value added (EVA)? Group of answer choices $357.30 $317.60 $397.00 $436.70 $277.90