Calculate the amount of the firm income before tax

Assignment Help Financial Management
Reference no: EM131581449

Banana Box Corporation has sales of $4, 651, 350; income tax of $547, 188; the selling, general and administrative expenses of $242, 623; depreciation of $330, 991; cost of goods sold of $2, 897, 610; and interest expense of $111, 815. Calculate the amount of the firm's income before tax?

Reference no: EM131581449

Questions Cloud

Weight used for equity in computation of solar shade wacc : what would be the weight used for equity in the computation of Solar Shade's WACC?
Discuss the tax consequences of contributing cash-property : Discuss the tax consequences of contributing cash, property, and/or services to the new entity.
Calculate the net income : Garden Pro Corporation has sales of $4, 717, 510; income tax of $582, 139; Calculate the net income?
What constant expected growth rate of free cash flow : What constant expected growth rate of free cash flow is consistent with its current stock? price?
Calculate the amount of the firm income before tax : Calculate the amount of the firm's income before tax?
Compare the relative risks of the two firms : Compute the degree of operating leverage for firm R. Compare the relative risks of the two firms.
Manufactured original design quality jewelry : Santa Rosa Jewelry Case Tiffany Nadeau established and ran a small workshop that manufactured original design quality jewelry.
Proposed acquisition of new special-purpose truck : You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $70,000.
How much money will be in the account after three years : How much money will be in the account after three years?

Reviews

Write a Review

Financial Management Questions & Answers

  Providing fiscal law and financial administrative guidance

What experience do you have in providing fiscal law and/or financial administrative guidance?

  Binomial pricing or monte carlo method

Binomial pricing or Monte carlo method? Binomial method seems a bit tedious.

  What are the risks of issuing foreign currency debt

What are the risks of issuing foreign currency debt? Are there benefits of offsetting these risks?

  Did bank of canada respond to movements in exchange rate

Over 2005-2007, did the Bank of Canada respond to movements in the exchange rate in the manner described in the case study

  What is its coupon rate-what is its bid price in dollars

Locate the Treasury issue in Figure 6.3 maturing in August 2029. Assume a par value of $1,000. What is its coupon rate? What is its bid price in dollars?

  What will be its optimal cash return point

HotFoot Shoes would like to maintain its cash account at a minimum level of $32,000, What will be its optimal cash return point?

  Effect of stock repurchase on your firm earning per share

What is the effect of a stock repurchase on your firm’s earning per share (EPS)? on its Price Earnings ratio (PE)?

  What should the current price be

A bond with a $10,000 par value has an 7.25% coupon rate. What should the current price be?

  What is this projects equivalent annual cost

A five-year project has an initial fixed asset investment of $275,000, an initial NWC investment of $23,000, and an annual OCF of −$22,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required re..

  What price should the annual payment bond sell

ABC Co.'s Class K bonds have a 12-year maturity, $1,000 par value, and a 6.75% coupon paid semiannually (2.875% each 6 months), and those bonds sell at their par value. ABC's Class P bonds have the same risk, maturity, and par value, but the P bonds ..

  Target capital structure-what is the aftertax cost of debt

Mullineaux Corporation has a target capital structure of 60 percent common stock, 15 percent preferred stock, and 25 percent debt. Its cost of equity is 10 percent, the cost of preferred stock is 4 percent, and the pretax cost of debt is 6 percent. W..

  What are open market operations

What are open market operations? What is the effect on the monetary base of an open market purchase?- What is the difference between the monetary base and the nonborrowed monetary base?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd