Gourmet Delight Bistro had a 10% return on a $75,000 investment in new kitchen equipment. The investment resulted in increased sales and an increase in income that was 4% of the increase in sales. What was the increase in sales?
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What was the increase in sales
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- Consider the following scenario: Green Caterpillar Garden Supplies Inc.’s income statement reports data for its first year of operation. The firm’s CEO would like sales to increase by 25% next year. 1. Green Caterpillar is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT). 2. The company’s operating costs (excluding depreciation and amortization) remain at 60% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company’s tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Green Caterpillar expects to pay $100,000 and $1,759,500 of preferred and common stock dividends, respectively. A. Complete the Year 2 income statement data for Green Caterpillar, then answer the questions that follow. Be sure to round each dollar value to the nearest whole dollar. Green Caterpillar…Consider the following scenario: Green Caterpillar Garden Supplies Inc.'s Income statement reports data for its first year of operation. The firm's CEO would like sales to increase by 25% next year. 1. Green Caterpillar is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before Interest and taxes (EBIT). 2. The company's operating costs (excluding depreciation and amortization) remain at 60% of net sales, and its depreciation and amortization expenses remain constant from year to year. 3. The company's tax rate remains constant at 25% of its pre-tax income or earnings before taxes (EBT). 4. In Year 2, Green Caterpillar expects to pay $100,000 and $1,759,500 of preferred and common stock dividends, respectively. Complete the Year 2 Income statement data for Green Caterpillar, then answer the questions that follow. Be sure to round each dollar value to the nearest whole dollar. Net sales Less: Operating costs, except depreciation…Company C had a profit of $2 million last year. This company expects the profit to decrease by 0.08 million dollars each year over the next 5 years and will reinvest 40% of their profits in an account earning 3% compounded continuously. Assume a continuous income stream. Write the income stream function,, that expresses how quickly they will invest their profit. million dollars per year View keyboard shortcuts Company D had a profit of $2 million last year. This company expects the profit to decrease by 8% each year over the next 5 years and will reinvest 20% of their profits in an account earning 3% compounded continuously. Assume a continuous income stream. Write the income stream function,, that expresses how quickly they will invest their profit. _million dollars per year
- The Burger Hut has sales of $29 million, total assets of $43 million, and total debt of $13 million. The profit margin is 11 percent. What is the return on assets?4) Big Foot recorded a gross margin of 55% in last year. If cash discounts of the store were 2% while alteration costs were 1% of its net sales in last year, what was the maintained markup percentage Big Foot achieved in last year?The restaurant has sales this year of $68,000, current assets of $11,300, net income of $5,100, net fixed assets of $54,900, total debt of $23,800, and dividends of $800. What is the sustainable growth rate? Sales = 68,000 Current assets = 11,300 Net income = 5,100 Net fixed 54,900 Total debt = 23,800 Dividends = 800