s) Brisky Corporation had net sales of $ 2,400,000 were cost of goods sold $ 1,450,000; administrative expenses and interest revenue of $ 31,000 during 2014. Expenses for 2014 $ 212,000; selling expenses $ 280,000; and interest expense $ 45,000. Briskey has a loss of $35,000 from one unusual and infrequent occurred item (the loss from the earthquake). The company also has a loss due to discontinued operations for $20,000. Briskey also paid dividends to preferred stockholders for $30,000. Brisky's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2014. (1) Calculate the Income before irregular items for the year ended December 31, 2014. Please use multi-step format. (2) Calculate earnings per share (you will need to figure out Net Income firat)

s) Brisky Corporation had net sales of $ 2,400,000 were cost of goods sold $ 1,450,000; administrative expenses and interest revenue of $ 31,000 during 2014. Expenses for 2014 $ 212,000; selling expenses $ 280,000; and interest expense $ 45,000. Briskey has a loss of $35,000 from one unusual and infrequent occurred item (the loss from the earthquake). The company also has a loss due to discontinued operations for $20,000. Briskey also paid dividends to preferred stockholders for $30,000. Brisky's tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2014. (1) Calculate the Income before irregular items for the year ended December 31, 2014. Please use multi-step format. (2) Calculate earnings per share (you will need to figure out Net Income firat)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A company's second year operations can be summarized as follows: Revenues: $110 000 Expenses (except CCA): $65 000 Its capital asset purchases in the first year totalled $100 000, with none in the second year. With a CCA rate of 20 percent and a tax rate of 55 percent, how much income tax did it pay?
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Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager would like you to determine a minimum-cost inventory plan for an upcoming mobile phone to be launched in the market. They have collected the following information: • Annual demand: 700 phones • Phone cost: $1,793 each• Phone RRP: $1,949 each• Net weight: 169 g each • Tare weight: 61 g each• Annual inventory holding cost: 30%• Cost per order to replenish inventory: $82• Annual in-transit holding cost: 10%• Freight rate (per kg): $8.10• Freight rate (per consignment): $301.50 (i.e. handling fee, dangerous good fee, anlithium battery fee)• Time to process order for freight: 1 days • Freight transit time: 4 days Solve this problem using a non-linear programming (NLP) model and your model should generate only integer results for economic order quantity and the number of orders. 1. Economic order quantity for the phone in units and in kg 2. The total cost for purchasing the phones3. The total…
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