User Account

All Pages

Determine net operating profit after taxes

Assignment Help Financial Accounting
Reference no: EM132684605

Net Operating Profit after Tax (NOPAT)

Problem 1: Use the following income statement of Elliott Game Theory Consulting to determine its net operating profit after taxes (NOPAT). Use 25% as the tax rate.

Elliot Game Theory Consulting Income Statement for Year Ending December 31 2020

Sales $800,000

Operating costs excluding depreciation 600,000

Depreciation and amortization 50,000

Earnings before interest and taxes $150,000

Less interest 4,000

Pre-tax income $146,000

Taxes (25%) 36,500

Net income available to common stockholders $109,500

Reference no: EM132684605

Questions Cloud

Experience of developing marketing plan : Discuss the experience of developing a marketing plan as a learning team.
Calculate the amount to be included in colour limited : Calculate the amount to be included in Colour Limited's statement of financial position as at 31 December 2017 in respect of the new warehouse facility.
How each of the three properties should be accounted : How each of the three properties should be accounted for in the financial statements of Colour Limited for the year ended 31 December 2017.
Supervisor or leader in your organization : You are to write about the importance of this as the supervisor or leader in your organization and why this is important to you, and the organization as a whole
Determine net operating profit after taxes : Use the income statement of Elliott Game Theory Consulting to determine its net operating profit after taxes (NOPAT). Use 25% as the tax rate.
Create and document a context diagram for the system : Create and document a Context Diagram for the System - The Level 0 DFD should contain all the major high-level processes of the System and how these processes
Compute amount at which the investment in each of trading : Compute the amount at which the investment in each of trading securities acquisitions be initially recognized, assuming that the shares are classified as
Evaluate the change in the cost of materials : The number of equivalent units produced in May and June was 700 tons and 750 tons, respectively. Evaluate the change in the cost of materials
Describe and demonstrating understanding of retained earning : Describe and provide examples demonstrating your understanding of retained earnings, in which financial statement it is recorded, and under which category.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is belindas casuality loss deduction

Belinda was involved in a boating accident in 2016. Her speedboat, which was used only for personal use and had a fair market value of $28,000 and an adjusted basis of $14,000, was completely destroyed. She received $10,000 from her insurance company..

  Compute the future value of two options

Compute the future value of these two options at the end of the ten-year timeline. How would I go about solving for this problem?

  How many more shares can be issued without the approval

How many more shares can be issued without the approval of shareholders? How many shares are outstanding? How many shares are issued?

  What is the dollar value of the firms monetary assets

What is the dollar value of the firm's monetary assets? What is the dollar value of the firm's monetary liabilities? What is the dollar value of net monetary assets?

  What is the authoritative guidance for asset impairments

Matt Holmes recently joined Klax Company as a staff accountant in the controller's office. Klax Company provides warehousing services for companies in several Midwestern cities. What is the authoritative guidance for asset impairments? Briefly discus..

  Prepare general journal entries for following transaction

July 15 Borrowed $5,000 cash from the bank, giving a 60-day non-interest-bearing note. The note is discounted 12% by the bank.

  Sales divided by assets

margin divided by turnover-sales divided by assets

  Payroll tax fraud by withholding employee payroll taxes

In Little Rock, Arkansas, a church pastor was found guilty of payroll tax fraud by withholding employee payroll taxes and failing to remit them from 2006 through 2010. The pastor is serving a sentence of 33 months in prison with 5 years of supervised..

  What would report total contributed capital

Retained earnings $40,000. A balance sheet constructed on December 31, 2019, would report total contributed capital (stockholders investments) of

  What is the impact of the transaction on the profit account

Irwin Company obtained a five-year, €100,000 bank,What is the impact of the transaction on the profit and loss account of the year x1?

  The adjusting entry needed

Sanborn Company rents space to a tenant for $2,500 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind aga..

  Calculate the value of a bond that matures in years

Calculate the value of a bond that matures in 19 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and the? market required yield

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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