User Account

All Pages

Explain what is the sales revenue

Assignment Help Financial Accounting
Reference no: EM132804425

A manufacturing firm's Income Statement shows

Cost of Sales of $50,00

Administrative Expenses of $20,000,

Rental Expenses of $5,000,

Interest Revenue of $20,000,

Interest Expense of $15,000, and

Net Income after Taxes of $60,000.

problem 1: Assuming there are no other items to be considered and that the Income Taxes are 25% of Net Income Before Taxes, what is the Sales Revenue?

Reference no: EM132804425

Questions Cloud

How will you support the emotional needs of the students : Research safety plans and develop one strategy to ensure safety for students and one strategy to support the emotional needs of students during an emergency.
Compute the net present value of each potential investment : Assume the company requires a 12% rate of return on its investments. How do you compute the net present value of each potential investment
What is the vail book mart net income for the year : What is the Vail Book Mart's net income for the year? What is the total amount of sales tax Vail Book Mart collected and paid for the year?
How you will evaluate and report your outcomes : Illustrate indicators of success - Describe what are you hoping to achieve in measurable, data-driven outcomes. Illustrate how you will evaluate and report.
Explain what is the sales revenue : Assuming there are no other items to be considered and that the Income Taxes are 25% of Net Income Before Taxes, what is the Sales Revenue?
Discuss about the development of a social media presence : Do you feel that the development of a social media presence would help or hinder your initiative or efforts to strengthen and ‘brand' programs in your community
Compute the current price per bond : The bonds will mature in 30 years and pays annual (interest or coupon) payments. Compute the current price per bond if the current yield to maturity
What is the exon ventures cash conversion cycle : Nemo Technology Incorporated (NTI) purchases goods from its suppliers on terms of 3/15, net 40. What is the Exon Ventures cash conversion cycle
What must be the total for direct labour : Assuming a beginning inventory of raw materials of $8,000 and an ending inventory of raw materials of $6,000, what must be the total for direct labour?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Estate planning-in terms of minimizing tax liability

In terms of minimizing tax liability, how would estate planning differ from a partnership to a corporation? For estate planning purposes, what are the advantages of setting your business up as a corporation versus a partnership? Defend your response...

  Evaluate performance by management impact the ratios

Most decisions made by management impact the ratios analysts use to evaluate performance. Indicate (by letter) whether each of the actions

  Determine which project should lz company accept

Assuming LZ Company has $30,000 of capital available and the projects are independent, which project(s) should LZ Company accept?

  Evaluate the product factory overhead costs

Evaluate the product factory overhead costs, using (a) the direct labor hours plant-wide factory overhead rate and (b) the machine hour plant-wide factory overhead rate.

  Calculate the gross proceeds and the total funds received

Calculate the gross proceeds and the total funds received by Ying Corporation from the sale of the 10 million shares of stock. What are recent trends in a firm

  What are the benefits of documentation in a system

What are the benefits of documentation in a system? If you do not have sufficient documentation, what are the consequences? What kind of documentation would you hope to see?

  How many units were started into production during month

A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 12,000 units were completed and transferred out of the process during the month, how many ..

  Which instances does not preclude an entity from recognizing

Which instances does not preclude an entity from recognizing depreciation during a certain period? The asset is classified as held for sale under PFRS 5.

  Firm reduced its net working capital investment

Maria's Tennis Shop, Inc., had Cash Flow to Creditors of $-1,130,000. The firm also had Cash Flow to Shareholders of $-1,815,000. If the firm's net capital spending for 2009 was $810,000, and the firm reduced its net working capital investment by $20..

  Trade discounts can accounted under the gross and net metod

Accounts Receivables includes customer or noncustomer transactions with interest component. Trade Discounts can be accounted under the gross and net method: Land could include additional land improvements that have an indefinite life. Cost of buildin..

  What is the book value of the asset at the end of year

If the asset produces 150,000 units in year 1 and 125,000 units in year two. What is the book value of the asset at the end of year

  Compute what is the annual ordering cost of cheese inventory

Compute What is the annual ordering cost of cheese inventory. Cheeseburger and Taco Company purchases 18,783 boxes of cheese each 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!

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