Burner, Incorporated has sales of 1,250,000, costs of 620,000, depreciation expenses of 85,000, and interest expenses of 34,000, with a tax rate of 30 percent. a. Calculate the net income for the firm. b. If the company paid out $90,000 in cash dividends, calculate the increase to retained earnings.need answer

Burner, Incorporated has sales of 1,250,000, costs of 620,000, depreciation expenses of 85,000, and interest expenses of 34,000, with a tax rate of 30 percent. a. Calculate the net income for the firm. b. If the company paid out $90,000 in cash dividends, calculate the increase to retained earnings.need answer

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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Burner, Incorporated has sales of 1,250,000, costs of 620,000, depreciation expenses of 85,000, and interest expenses of 34,000, with a tax rate of 30 percent. a. Calculate the net income for the firm. b. If the company paid out $90,000 in cash dividends, calculate the increase to retained earnings.
Calculate the net income for the firm. General accounting
What is the net income of this firm??
Ans
What is the net income for this firm on these general accounting question?
consider a company with sales of $18,000.0 million, cost of goods sold of 42% of sales, other expenses including salaries ( we usually call this SG&A for selling, general and administrative) of 1750.0million, depreciation of 2250.0 million, and interest expense of 2300 million. tax rate =21%. a. generate an income statement and show net income b. what is the company's operating cash flow? c. if there are 775.2 million shares outstanding, what is the EPS? d. if the company has a payout ratio of 20%, what is the dividends per share?
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ang Services has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. The firm will add $2,810 to retained earnings. What is the depreciation expense? Multiple Choice a. $2,300 b. $3,709 c. $2,640 d. $780 e. $3,577