Calculate the Net Income using the following information: ⚫ Sales: $8,000,000 ⚫ Selling, General and Administrative expenses: $1,500,000 ⚫ Depreciation: $120,000 Cost of Goods Sold: $2,000,000 Tax Rate: 30%
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Calculate the net income solution this accounting questions
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- Consider the following income statement: Sales Costs $ 602,184 391,776 Depreciation 89,100 Taxes Calculate the EBIT. EBIT 21% Calculate the net income. Net incomeConsider the following income statement: Sales $909,407 Costs 484,977 Depreciation 149,723 Taxes 0.28 Calculate OCF.Consider the following income statement: Sales Costs Depreciation Taxes Calculate the EBIT. EBIT $748,168 486,752 110,700 Net income 23% Calculate the net income.
- Consider the following income statement: $ 529,192 344,288 78,300 23% Sales Costs Depreciation Taxes Calculate the EBIT. EBITGiven the above information, calculate the net income. Enter the value in 2 decimal places, Sales 54,700 Cost of Goods Sold 51,650 Depreciation $700 Times Interest earned ratio 10 Tax rate 34%Need help with this question solution general accounting
- Below is financial information ($ values are in millions) in a model. Net income during the year for this company would be: Revenues SG&A Expenses Interest Expense Select one: OA. $4.5 million OB. $3.6 million O C. $16.6 million OD. $0.9 million $67.30 $4.70 $8.10 Cost of Goods Sold Depreciation Tax Rate $43.20 $6.80 20%Use the following information (in thousands): Sales revenue ¥300,000 Gain on sale of equipment 90,000 Cost of goods sold 164,000 Interest expense 16,000 Selling & administrative expenses 30,000 Income tax rate 30% Determine the amount of income from operationsUse the table for the question below. Revenues -Cost of Goods Sold -Depreciation =EBIT -Taxes (30%) =Profit after tax +Depreciation -Change in NOWC -Capital Expenditures =Free Cash Flow Year 0 a. by 28.1% b. by 15.5% c. by 10.8% d. by 24.5% -300,000 Year 1 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 2 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 3 400 000 -180 000 -100 000 120 000 -36 000 8 000 100 000 -20 000 164 000 Visby Rides, a limousine hire company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. Visby learns that a competitor is thinking of offering similar services, thus reducing Visby's sales. By how much could sales fall before the net present value (NPV) was zero, given that the opportunity cost of capital is 10%, and that cost of goods sold is 45% of revenues?
- Please solve this question general accountingUse the following information (in thousands) Sales revenue ¥300,000 Gain on sale of equipment 90,000 Cost of goods sold 164,000 Interest expense 16,000 Selling & administrative expenses 30,000 Income tax rate 30% Determine the amount of income taxesUse the table for the question below. Revenues -Cost of Goods Sold -Depreciation =EBIT -Taxes (30%) =Profit after tax +Depreciation -Change in NOWC -Capital Expenditures =Free Cash Flow Year 0 a. by 22.5% O b. by 19.5% c. by 25.5% d. by 27.5% -300,000 Year 1 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 2 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 3 400 000 -180 000 -100 000 120 000 -36 000 8 000 100 000 -20 000 164 000 Visby Rides, a limousine hire company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. By how much could the opportunity cost of capital rise before the net present value (NPV) of this project is zero, given that it is currently 10%?