Create income statement that shows totals for gross margin

Assignment Help Financial Management
Reference no: EM131829168

In tax year 1, an electronics packaging firm (package other peoples products so no material costs) has a gross income of $35,000,000. $6,000,000 in salaries, $6,000,000 in hourly wages, $800,000 in depreciation expenses, a loan principle payment of $200,000, and a loan interest payment of $150,000. Determine the net income of the company in tax year 1 if the tax rate is 25%. Create an income statement that shows totals for Gross margin, S.G. & A, EBIT, Pre-tax Income, and Net Income in dollar figures.

Reference no: EM131829168

Questions Cloud

What is the current value of this bond : Assume annual coupon payments. what is the current value of this bond?
Three main activities of hrm : Which one of the three main activities of HRM do you think is most important to the company? How does this company recruit, train and retain employees?
Relationship between number of orders week and weekly cost : High-low method and regression analysis. Plot the relationship between number of orders per week and weekly total costs
Describe and define internal and external analysis : Describe and define internal and external analysis. Describe and define the responsibilities and duties of the Strategic Manager.
Create income statement that shows totals for gross margin : Create an income statement that shows totals for Gross margin, S.G. & A, EBIT, Pre-tax Income, and Net Income in dollar figures.
How communications to employees are structured at westwood : What advice would you give Cassidy about how communications to employees are structured at Westwood?
Environmental analysis strategic thinking frameworks : Please discuss which of the environmental analysis strategic thinking frameworks are most useful for your industry (healthcare) and why?
Describe the population of interest : a. Describe the population of interest b. Describe the sample that was collected
How is unemployment measured and reported : How is unemployment measured and reported? What economic policies should be used to deal with these types of unemployment?

Reviews

Write a Review

Financial Management Questions & Answers

  Price of the new clubs and the quantity of new clubs sold

McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $800 per set and have a variable cost of $400 per set. The company has spent $125,000 for a marketing study that determined the company will sell 53,000 sets per year ..

  About the spot exchange rate

Suppose the exchange rate between U.S dollars and Japanese yen is $1 US=¥ 79.1 JPY, and the exchange rate between the U.S dollar and the British pound is $1 US=£0.64 GBP, What is the cross rate of Japanese yen to British pound?

  What is rate of return on the incremental investment

What is the rate of return on the incremental investment ?

  Would you implement either of these options the company

During 2015, Spartan Systems reported total sales of $300,000, at a price of $20 and per unit variable expenses of $12, for the sales of their single product. Improve the product quality which will increase direct material cost per unit by $2 ii. Inv..

  Net present value and internal rate of return

Comparing competing projects' net present value and internal rate of return ________. A. always results in the same ranking of projects B. always results in the same accept-reject decision C. may give different accept-reject decisions D. is only nece..

  Considered for pollution control equipment

Two mutually exclusive alternatives are being considered for pollution control equipment. The study period is 9 years. If alternative A is selected, a portable system would be leased for the last 4 years at a cost of $10,000 per year including all ex..

  What role it plays in cost control

Explain what a variance is, why it is important, and what role it plays in cost control.

  How to conduct financial transactions

Describe how to conduct financial transactions and navigate the legal issues of electronic commerce

  The terms loss prevention and loss reduction

Define the terms loss prevention and loss reduction. Provide examples of each.

  Arithmetic average growth rate in dividends

Suppose Stark Ltd. just issued a dividend of $2.14 per share on its common stock. The company paid dividends of $1.80, $1.89, $1.96, and $2.07 per share in the last four years. If the stock currently sells for $60, what is your best estimate of the c..

  Performed some sensitivity analysis

WW Inc has performed some sensitivity analysis and the analysis indicates the euro revenue would be guaranteed.

  What would the amount of the lump-sum settlement be

What would the amount of the lump-sum settlement be? has been told that she can either accept annual payments at the beginning of each year of $173,695 per year

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