Depreciation and amortization was 833000 interest expense

Assignment Help Accounting Basics
Reference no: EM13576151

Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,936,600. Depreciation and amortization was $833,000, interest expense for the year was $809,100, and selling general and administrative expenses totaled $1,435,700 for the year, and cost of goods sold was $10,974,800 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?

Reference no: EM13576151

Questions Cloud

The critical value z used for constructing a 96 confidence : the critical value z used for constructing a 96 confidence interval for a population mean micro isa. 1.645.b. 2.054.c.
On august 1 2005 bonnie purchased 23000 of huber cos 18 15 : on august 1 2005 bonnie purchased 23000 of huber cos 18 15 year bonds at face value. huber co has paid the semiannual
The records of hoffman company reflected the following : the records of hoffman company reflected the following balances in the stockholders equity accounts at december 31 2009
Te received signal of a communication system r s n : question let r1 and r2 be the signal strengths received by a mobile from base stations 1 and 2 respectively. the
Depreciation and amortization was 833000 interest expense : delta ray brands corp. just completed their latest fiscal year. the firm had sales of 16936600. depreciation and
Suppose we select an srs of size n 100 from a large : suppose we select an srs of size n 100 from a large population having proportion p of successes. let x be the number
Mrshall is concerned about increasing volatility in : a. marshall arts has just invested one million euros in btps long-term italian government bonds. marshall is concerned
Cindy age 40 and don age 39 cowen are married dons 17 year : cindy age 40 and don age 39 cowen are married. dons 17 year old son from a former marriage lives with them. they also
Kelm company purchased a new machine on october 1 2010 at : kelm company purchased a new machine on october 1 2010 at a cost of 142300. the company estimated that the machine will

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the advantages of each method

Expensing the costs of sample display houses in the periods in which the expenditure is made and spreading the costs over more than one period. Discuss the advantages of each method.

  Basics of perpetual inventory system

You are at a company picnic and the company president starts a conversation with you. The president says, "Since we use the perpetual inventory system, there is no reason to take a physical count of our inventory." What is your response to the pre..

  What is meant by risk

What is meant by risk, and why is it an important concept for decision makers to understand? What is the relationship between risk and accounting?

  Determine the amount that mercedes can deduct

In addition, she incurs related legal fees of $75,000. Determine the amount that Mercedes can deduct, and classify it as a deduction for or adeduction from AGI.

  Are tax consequences the same for each five years

There is a $40,000 realized gainon the sale of the land and no realized gain or loss on the sale ofthe bonds. Are the tax consequences to Ivan and Grace the same for each of the five years? Explain.

  Selling and administrative expenses

Selling and administrative expenses include $39 million in restructuring costs.

  Cmpute the current ratio current cash debt coverage

nordstrom inc. operates department stores in numerous states. suppose selected financial statement data in millions for

  Journal entries of solomon company

On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. The journal entry to record its purchase on January 1, 2006.

  Characteristics of a sole proprietorship

What are three characteristics of a sole proprietorship - Are these characteristics the same as or different from those of a partnership?

  Compare the primary auditor objectives in auditing

compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over

  Budgeted overhead per unit

Expected sales are 40,000 units; expected production is 50,000 units; practical (maximum) capacity is 100,000 units. If Tayla Industries uses a normal costing system and a plantwide predetermined overhead rate, the budgeted overhead per unit is:

  Find the number of days sales uncollected between years

The following annual account balances are taken from ArmourSports at December 31. What is the number of days' sales uncollected between years 2007and 2008?

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