+Question:8SalesCOGSGross profitG&A expensesSales & Marketing expensesDepreciationOperating incomeInterest$575,000$ 1,600,000$200,000$ 50,000$ 100,000Income Before taxesIncome taxesNet income1: Calculate Sales.30%$ 700,0002. Calculate Income before taxes. Taxes are 30%, so you know the Net Income(Y) is a percent of "Income before taxes" (X).3. Calculate the Income tax figure.4. Calculate Operating Income.

Using the values in the table; 1. Calculate SalesSales = Gross profit + COGSSales = $1,600,000 +…

Answered: + Question:8 Sales COGS Gross profit…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q5 Revenues Cost of Goods Sold Gross Profit Selling, General and Admin Depreciation EBIT Income tax (35%) Incremental Earnings Capital Purchases Changes to NWC Year 0 Year 1 -280,0 00 Year 2 140,00 440,00 0 0 -70,00 220,00 0 0 Year 3 Year 4 440,00 350.00 0 0 220,00 175,00 0 0 70,000 220,00 220,00 0 0 -6400 6400 6400 175,00 0 6400 75.00 75.000 75,000 75,000 0 -11,40 138,60 138.60 93,600 0 0 0 3990 -48,51 48,51 0 32,76 0 0 -7410 90,090 90,090 60,840 -5.000 -5,000 -5,000 -5,000 A garage is installing a new "bubble-wash" car wash. It will promote the car wash as a fun activity for the family, and it is expected that the novelty of this approach will boost sales in the medium term. If the cost of capital is 10%, what is the net present value (NPV) of this project? Show all calculations
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PLZZ EXPLAIN
2. What is the Pre-tax returns on Sales if the customer retention changed to 75%?
profit margin
82. Use the following information (in thousands): Service Revenue Income from continuing operations Net Income ¥1,600,000 ⚫200,000 180,000 440,000 Selling & administrative expenses 1,000,000 Income from operations Income before income tax Determine the amount of income tax. a. ¥40,000 b. ¥20,000 c. ¥200,000 d. ¥160,000 400,000
Based on the table given below, Net Income Model Data 1 B Sales Cost of Goods Sold $10.000.000 6400.000 Administrative Expenses 500,000 Selling Expenses 5.900.000 Depreciation Expenses 250.000 10 Interest Expenses 20000 11 Taxes $620,000 12 13 Model 14 15 Kiss Profi 1,000,000 16 Operating Expenses 52.110.000 19 Net Operating Inome 1.450.000 arnings Before Tenes 1350.000 19 20 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section?. -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11
Times interest earned A company reports the following: Income before income tax expense $4,300,000 Interest expense 600,000 Determine the times interest earned ratio. Round your answer to one decimal place.fill in the blank 1
Use the following information (in thousands):a. ¥126,000 d. ¥63,000Answer:1Sales revenue¥300,000 Gain on sale of equipment90,000 Cost of goods sold164,000 Interest expense16,000 Selling & administrative expenses30,000 Income tax rate30%Determine the amount of net income.
SLO 6.2. For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: a.10 percentb.36 percentc.57 percentd.60 percente.75 percent
2
You are given the following information for Smashville, Incorporated. $249,000 $ 2,900 $ 394,000 $ 92,000 $ 7,400 $ 13,000 Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: 21% Gross margin Operating margin Return on assets Return on equity $ 22,000 $ 21,000 $9,000 $ 37,000 $ 139,000 $ 5,000 $ 13,000. $ 49,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. % % % %

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