Posh Inc. has sales of $500,000 and costs of $300,000. Interest expense is $20,000 and depreciation is $50,000. The tax rate is 35%. What is the net income? a. $50,400 b. $84,500 c. $39,600 d. $20,400
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- Need helpSales = $1000 and costs = $500. Interest expense = $100 and depreciation = $100. The tax rate is 30%. Net income? A. $210B. $300C. $90D. $270Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and interest expense of S12,500. The tax rate is 30 percent. What is the times interest earmed ratio?
- Holly Farms has sales of S509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of SI2,400. The tax rate is 28 percent. How much net income did the firm carn for the period?What is the net income of this general accounting question?Your firm has total sales of $1,700. Operating Costs are $745, excluding depreciation and taxes, and operating- related depreciation is $155. The tax rate is 20%. What is the operating cash flow? A. $460. B. $600. C. $640. D. $800. E. $955.
- What is the net income of pinakin inc.?High Towers, Inc., has sales of $586,000, costs of $363,000, depreciation expense of $32,000, and interest expense of $14,000. If the tax rate is 33 percent, the operating cash flow, or OCF, is $ ______ . (Round your answer to the nearest whole dollar amount. Do not include the dollar sign ($).).what is the income...
- Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. What is the net income for this firm? Sales Costs Depreciation expense Interest expense Tax rate $ Sales Costs Depreciation expense EBIT Interest expense EBT Taxes (21%) Net income 817,000 343,000 51,000 38,000 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement $ 817,000 343,000 51,000Fergus Inc. has sales of $47,000, costs of $19,900, depreciation expense of $3,400, and interest expense of $2,900. If the tax rate is 35%, what is the operating cash flow, or OCF? (Omit $ sign in your response.) Operating cash flow $Benson, Inc., has sales of $44830, costs of $14,370, depreciatior and interest expense of $2,390. The tax rate if 23 percent. What is the operating cash flow, or OCF?