If beginning capital was $28,000, ending capital is $65,000, and the owner's withdrawals were $31,000, the amount of net income or net loss was
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- If the OCF is $500; Net Capital Spending = $450; and Additions to NWC = $200; Find the Cash Flow from Assets.The firm’s NOPAT= $115, depreciation expense is $12.5, amortization expense is $0, and interest expense is $15 and tax rate = 30%. What is the firm’s EBITDA?If current assets are P90,000 and total assets are P270,000, what percentage of total assetsare current assets?
- From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%Capital O, X, Y, and Z are $10,000, $15,000, $16,000 and $18,000, respectively. O has a loan balance of $1,000. Profit is divided in a ratio of 5:2;1;2. Assets are sold, liabilities are paid, and cash remains of $6,000. How should this remaining cash be distributed?You are given the following information for Company A.: sales = $73,900; costs = $54,100; addition to retained earnings = $5,700; dividends paid = $2,780; interest expense = $2,490; tax rate = 21 percent. What is Depreciation Expense for company Calculate the depreciation expense for the company.
- A return on assets of 5.15% means that a company is earning: O a. a $5.15 return on every $100 of assets minus liabilities. O b. a $5.15 return on every $100 of total assets. O c. a $5.15 return on every $100 of current assets. O d. a $5.15 return on every $100 invested in long-term assets.Assuming that a business total asset is 1/3 liabilities which includes an account payable of 50,000 how much is the total liabilities if the total equity balance is thrice as much as the accounts payable balance?The liabilities of Ganern Stylist equal one-third of the total assets, and the owner’s equity is P480,000. What is the amount of the liabilities?
- The ending owner’s capital of the business amounts to P100, 000. The beginning assets and liabilities are P100, 000 and P60, 000, respectively, and the owner contributed additional investment of P10, 000. a.the net income would be b.How much is the ending total assets of the business? c.how much is the total revenue of the business?What is the amount of ending capital shown on the balance sheet for Floress Catering? a. 22,000 b. 20,000 c. 45,500 d. 32,800The financial information is presented below for Bob's Appliance for the fiscal year ended 12/31/2020. $720,000 12,000 31,000 25,000 8,000 10,000 400,000 24,000 12,000 6,000 120,000 48,000 9,000 8,000 4,000 24,000 95,000 38,000 Sales Tax-exempt interest Long-term capital gain Short-term capital loss Interest income Passive activity loss Cost of goods sold Depreciation Section 179 expense Charitable contributions Bob's salary expense Employee salary expense Payroll taxes on employee Medical insurance expense for Bob Medical insurance expense for employee Rent expense Other operating expenses Net operating loss (from year ended 12/31/2019) Bob is a sole proprietor of the company and he has 1 employee. Assume Bob is single, no dependents, and does not itemize his deductions. Other than the income from Bob's Appliance, Bob has a short term capital loss of 22,000. Question #1) What is the income from Bob's appliance business? Be sure to show and label all your work and cell reference.…
