Answer please If selling price per unit is $40, variable costs per unit are $25, total fixed costs are $20,000, the taxrate is 30%, and the company sells 5,000 units, net income is.2 Consider the information givenbelow. If the owner contributes $44,800 and the owner withdraws $4,300, how much is the netincome (loss)? Assets LiabilitiesBeginning of YearEnd of Year $60,000$27,000$18,000$26,000Billy's Exterminators, Inc. has sales revenue of $743,000, fixed and variable costs of $294,000,depreciation expense of $46,000, interest expense of $33,000, and an (effective) tax rate of 35percent. What is the net income for this firm?

For the first situationGiven:Selling Price = 4$0Number of units sold = $5000Variable cost = $25Total…

Answered: If selling price per unit is $40,…

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 3P

See similar textbooks

Similar questions

The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are expected to be 75% of sales, and depreciation is expected to be 1.5 million. All sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. Berndts federal-plus-state tax rate is 40%. Berndt has no debt. a. Set up an income statement. What is Berndts expected net income? Its expected net cash flow? b. Suppose Congress changed the tax laws so that Berndts depreciation expenses doubled. No changes in operations occurred. What would happen to reported profit and to net cash flow? c. Now suppose that Congress changed the tax laws such that, instead of doubling Berndts depreciation, it was reduced by 50%. How would profit and net cash flow be affected? d. If this were your company, would you prefer Congress to cause your depreciation expense to be doubled or halved? Why?
Need help
If a company's Income tax rate is 30% and its annual depreclation deduction is $80,000, then the annual tax savings from the depreciation tax shleld Is: Multiple Cholce $80,000 O $32,000 $56,000 $24,000
Working need
You estimated the NOI of your building to be $271,000; with operating costs of $29,000 per year. If the occupancy rate was 83%; what was the potential income on this property? A) $155,000 B) $162,153 C) $263,932 D) $361,446
Use the following information to answer the next question. Total Asset = $40 million Basic earning power (BEP) ratio is 20% Times-interest-earned (TIE) Principal payments = 4 million ratio is 6.55 $1.35 million; $0.37 million What is the company's EBIT? The company's interest expense? $3.33 million; $0.83 million $8.0 million; $0.62 million Depreciation = $1.0 million. $7.5 million; $0.75 million Lease payments = 0.6 million $8.0 million; $1.22 million
I want answer with explanation and within 1 hr.
The annual operating and maintenance (0&M) expenses of a company are $195,000 at EOY 1 decreasing by $8,500 per year until EOY 10. If the annual interest rate is 14.75%, what is the future equivalent of the O&M expenses at EOY 10? O a. $3,472,780 O b. $841,643 O c. $4,490,771 O d. $4,349,606 O e. $3,331,614
The annual operating and maintenance (O&M) expenses of a company are $195,000 at EOY I decreasing by $8,500 per year until EOY 10. If the annual interest rate is 12.75%, what is the future equivalent of the O&M expenses at EOY 10? O a. $4,095,071 O b. $3,965,421 O c. $3,002,041 O d. $904,172 O e. $3,131,691
A property was purchased 5 years ago for $1mil and provided NOI of $70,000 in Year 1, increasing at 5% per annum. What price would a potential buyer have to pay today; if income yields for the property have fallen by 1%? Select one: a. $1,122,341 b. $945,202 c. $1,488,995.17 d. $985,333 e. $1,215,506
What is the rate of return on an investment that costs $5,000, earned a $600 dividend during the year, and is sold after 1 year for $4,400?
Given the following: Number of Units 170 Vacancy Rate 5% Monthly Rent $1,000 Operating Expenses $750,000 Collection Loss 3 % Debt Service $360,000 Calculate on an Annual Basis: (There are no negative numbers in this answer) a. What is the Potential Gross Income (PGI)? b. What is the Effective Gross Income (EGI)? c. What is the Net Operating Income (NOI)? d. What is the Before Tax Cash Flow (BTCF)? e. Utilizing a capitalization rate of 8.5%, what is the estimated value of the property? Please provide the proper keystrokes for the BAII Plus Professional and Qualifier Plus IIIfx calculators. Thank you!

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Entrepreneurial Finance

Finance

ISBN:

9781337635653

Author:

Leach

Publisher:

Cengage

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

EBK CFIN

Finance

ISBN:

9781337671743

Author:

BESLEY

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS