User Account

All Pages

Determine the retained earnings and the net income

Assignment Help Accounting Basics
Reference no: EM131700662

FORTUNE 500 Company Assignment

1. Identify which publicly traded Fortune 500 Company they will present

2. Locate the Financial Statement for the first available previous year

3. Determine the Earnings Before Interest, Taxes, Depreciation and Amortization

Income Statement for the Year Ending December 31, 2009

Sales Revenue

$1,000,000

Salaries

(100,000)

Rent & Utilities

(100,000)

Depreciation

(50,000)

Operating Profit (EBIT)

$750,000

Interest Expense

(50,000)

Earnings Before Taxes (EBT)

$700,000

Taxes

(100,000)

Net Income

$600,000

4. Determine the Retained Earnings and the Net Income.

5. Determine what will be the organizations next move.

6. Be prepared to present your findings on the next class day after the holiday.

Reference no: EM131700662

Questions Cloud

Discuss coordinate supply chain efforts among firms : A theme of our course has been that information sharing among firms is necessary to coordinate supply chain efforts among firms
How the average mcdonald makes twice as much as burger king : McDonald's may recently have struggled to lure customers, but it still does far more business at each location than rival burger chains.
What you really think about the given art work : What we want from you is a genuine response to what you see in the video. By "genuine" we mean what you really think about the art work.
Identifies the person whose primary responsibility is sales : Identifies the person whose primary responsibility is forecasting and / or sales and operations planning
Determine the retained earnings and the net income : Determine the Retained Earnings and the Net Income. Determine the Earnings Before Interest, Taxes, Depreciation and Amortization
What are the underlying cultural assumptions : What are the underlying cultural assumptions for Mr. Bernard and how are these different from the basic assumptions of N’Diaye and Diop?
Historians today rank him among the greatest presidents ever : Roosevelt enjoyed tremendous popularity among the American people during his years in the White House, and historians today rank him among
Absorb the backlog of demand that now exists : A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists.
Describe the specific actions that the leadership has taken : Describe the specific actions that the leadership of the selected country has taken, through the use of its foreign aid from donor nations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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