17) Use the data below to answer the question that follows.Corporate Tax RateYearRevenuesCost of Goods SoldSelling and Admin. ExpensesCapital Cost AllowanceAccounts ReceivableInventoryAccounts PayableGross Fixed Assets30%123$330,000$340,000$380,000$110,000$150,000$180,000$50,000$130,000$140,000$11,000 $12,000$13,000$40,000 $43,000 $47,000$35,000$38,000$39,000$15,000$18,000$19,000$100,000 $120,000 $130,000The cost of goo sold row excludes any depreciation or capital cost allowance. What is thefree cash flow generated for year 2?a) $22,300b) $22,450c) $22,600d) $27,250e) $31,900

Free cash flow is the money available in a business after making payment for all necessary expenses…

the data below to answer the qu 30% 1 Corporate Tax Rate Year Revenues Cost of Goods Sold Selling and Admin. Expenses Capital Cost Allowance Accounts Receivable Inventory Accounts Payable Gross Fixed Assets that follows. $330,000 $110,000 2 3 $340,000 $380,000 $150,000 $180,000 $50,000 $130,000 $140,000 $11,000 $12,000 $40,000 $43,000 $35,000 $38,000 $39,000 $15,000 $18,000 $19,000 $100,000 $120,000 $130,000 $13,000 $47,000 The cost of goods sold row excludes any depreciation or capital cost allowance. What is th free cash flow generated for year 2? a) $22.300

the data below to answer the qu 30% 1 Corporate Tax Rate Year Revenues Cost of Goods Sold Selling and Admin. Expenses Capital Cost Allowance Accounts Receivable Inventory Accounts Payable Gross Fixed Assets that follows. $330,000 $110,000 2 3 $340,000 $380,000 $150,000 $180,000 $50,000 $130,000 $140,000 $11,000 $12,000 $40,000 $43,000 $35,000 $38,000 $39,000 $15,000 $18,000 $19,000 $100,000 $120,000 $130,000 $13,000 $47,000 The cost of goods sold row excludes any depreciation or capital cost allowance. What is th free cash flow generated for year 2? a) $22.300

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A9
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
Gulay ni Marites Vegetables Shop Income Statement For the year ended Dec 31, 2022 Net Sales 739,200.00 100.00% COGS (540,600.00) 73.13% Gross Income 198,600.00 26.87% ОРЕХ (120,000.00) 16.23% Net Income before Tax 78,600.00 10.63% Tax Paid (3% of Sales) (22,176.00) 3.00% Net Income After Tax 56,424.00 7.63% The vertical analysis is correct. A False; error for VA of gross income B False; error for VA of net income after tax c) False; error for VA of net income before tax D True
14 Victory ML Bus company has the following data for the first quarter of 2021: Gross receipt from passengers P 8,000,000 Gross revenue from cargo operations 5,000,000 Expenses – Passengers operation 4,750,000 Expenses – Cargo operations 2,500,000 Gross receipt from rental of facilities 2,000,000 Additional info: 25% of its gross revenue from cargo operations were still outstanding as of the end of the quarter Required: determine the total business tax due for the first quarter
37
Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********
Q4 Corporation financial statements at December 31 (in millions) ASSETS Cash LIABILITIES Accounts payable Notes payable Accrued wages Accrued taxes Total current liabilities 20X9 S10 5. 3. 2. 20X8 20X9 $5 10 15 20X8 $ 8 5. 2. 3. $ 4 Accounts receivable Inventory 12 Total current assets Long-term debt Common stock Retained carnings Total Net fixed assets 40 40 20 10 20 10 15 20 Total Sales $95, Cost of goods sold $50, Selling, general, and administrative expenses S15. Depreciation $3,Interest $2, Taxes $10 (a) Prepare a flow of funds statement for 20X9 for the Corporation (b) Prepare a cash flow statement using the indircct method for Corporation.
A. Devine and Vicky are partners dealing in cosmetics and other assorted goods. They share profit and losses in ratio 3:2. The trial balance below was extracted from the books of the partners as at 31“ December, 2020. DR CR Rent Expenses 400,000 Bank overdraft 100,000 Discount 50,000 100,000 Turnover 2,100,000 Cost of Sales 700,000 Receivable 400,000 Patent 400,000 Stocks (31/12/2019) 150,000 Loan from Devine at 15% per annum 200,000 Land 900,000 Motor vehicle 600,000 Equipment 400,000 Provision for depreciation:
Years Revenue Cash Expense Book Depreciation Book Income Pre-Tax Book Tax at 32% After Tax Book Income Financial Measures Profit Margin % Net Assets ROA % Cashflow Revenue Cash Expense Tax Depreciation Pretax Income Tax at 32% After Tax Income After Tax Cashflow Cumulative Cashflow Payback Period Present Worth 10 PW12 PW15 IRR PV Index(15) Facility Cost Income Tax Rate 0 C. -9.5 d. -12.4 $ 100,000.00 2.2 Years 91740.92679 0.395702526 1 0.684350818 $ 100,000.00 32% $30,000.00 $100,000.00 $120,000.00 $140,000.00 $150,000.00 $150,000.00 $50,000.00 $60,000.00 $70,000.00 $75,000.00 $75,000.00 2 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $0.20 $20,400.00 $27,200.00 $0.26 $9,600.00 $12,800.00 $16,000.00 $17,600.00 $17,600.00 $20,400.00 ($100,000.00) $40,400.00 $51,040.00 ($100,000.00) -$59,600.00 -$8,560.00 $40,000.00 $50,000.00 $55,000.00 $55,000.00 $0.23 3 $0.45 $36,727.27 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.85 $1.87 4 $19,040.00 5 $34,000.00 $37,400.00 $0.24…
COTB MC Qu. 16-76 (Algo) Assume a company provided the... Assume a company provided the following information: Net operating income Net income before tax Net income Gross margin The times interest earned ratio is closest to: $ 184,000 $ 170,000 $ 119,000 $ 680,000
QUESTION 6 From the following table calculate net income after tax for 2016? Amount ($) Description Year 2016 500,000 Sales 300,000 Cost of goods sold 65,000 Depreciation 15,000 Interest expense Selling and administrative expenses 55,000 Equity (at the beginning of 2016) 197,250 30% Tax rate Dividends payout 50% $65,000 $19,500 $45,500 $80,000 Click Save and Submit to save and submit. Click Save Al Answers to save all answe search
A. 360,000 B. 270, 000 C. 300,000 D. 306,000

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