Last year, Bad Tattoo Co. had additions to retained earnings of $4, 100 on sales of $ 93,600. The company had costs of $74,400, dividends of $2,500, and interest expense of $1,400. If the tax rate was 34 percent, what the depreciation expense?
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- Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.For the past year, Momsen Limited had sales of $47362, interest expense of $4166, cost of goods sold of $17,359, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate was 21 percent, what was the company's net income? Multiple Choice O $5,132 $6,496 $11,550 $4,547 $2.444For the past year, shame ltd., had sales of $45,002, interest expense of $4,306, cost of goods sold of $18,349, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate was 33 percent, what was the company's net income?
- For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods sold of $14,559, selling and administrative expense of $10,626, and depreciation of $4,675. If the tax rate was 35 percent, what was the company's net income?Last year, Bad Tattoo Company had additions to retained earnings of $4,270 on sales of $94,090. The company had costs of $74,730, dividends of $2,620, and interest expense of $1,560. If the tax rate was 21 percent, what the depreciation expense? Multiple Choice $8,035 $13,574 $9,078 $7,084 $6,890During the year, Belyk Paving Co. had sales of $2,600,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,535,000, $465,000, and $520,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) (Enter your answer as directed, but do not round intermediate calculations.) Required: (a) What is Belyk's net income? (Negative amount should be indicated by a minus sign.) Net income (b) What is Belyk's operating cash flow? Operating cash flow A
- 1) Bakery has sales of $953,000 with COGS of $415,000 and SG&A expenses of $134, 000. Interest expense is $66,000 and depreciation is $58,000. The combined Federal and NJ Income tax rates are 30 percent. a) What is the gross profit for Julia’s?b) What is the operating income ?c) What is the EBT?d) What is the current year tax liability?e) What is the net income?f) If there are two shareholders and each received a dividend of $12,500 what are the retained earnings? 2) They are a publicly traded, and the stock pays a constant annual dividend of $1.39 per share. a) How much are you willing to pay for one share if you require a rate of return of 14.6 percent?b) How would that price change if the required rate of return dropped by 260 basis points?The company has just announced a change in their payout (dividend) policy. They now report that the dividend will grow at a rate of 3% per yearc)…During the year, Belyk Paving Co. had sales of $2,575,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,367,000, $690,000, and $480,000, respectively. In addition, the company had an interest expense of $305,000 and a tax rate of 25 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not found intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is its operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Net income b. Operating cash flowHolly 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?
- Collin Krafts has sales of $820,000 and costs of $530,000. Interest expense is $35,000. The tax rate is 34% and the tax amount is $71,400. What is the amount of the depreciation expense if that is the only remaining expense on the statement of comprehensive income?During the year, Belyk Paving Co. had sales of $2,380,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,320,000, $605,000, and $441,000, respectively. In addition, the company had an interest expense of $266,000 and a tax rate of 22 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) What is the net income? What is its operating cash flow?Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 21 percent. What is the net income? 1b. Washington, Inc. has sales of $45,000, costs of $25,400, depreciation expense of $1,900, and interest expense of $1,600. If the tax rate is 21%, what is the operating cash, or OCF?
