Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Hermann Industries is forecasting the following income statement: Hermann Industries is forecasting the following income statement: Sales $10,000,000 Operating costs excluding depreciation & amortization 5,500,000 EBITDA $4,500,000 Depreciation and amortization 1,300,000 EBIT $3,200,000 Interest 800,000 EBT $2,400,000 Taxes (40%) 960,000 Net income $1,440,000 The CEO would like to see higher sales and a forecasted net income of $2,808,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 8%. The tax rate, which is 40%, will remain the same. What level of sales would generate $2,808,000 in net income? If necessary, round your answer to the nearest dollar at the end of the calculations.
on january 1 2011 the xgx company entered into a lease for equipment for use in its factory from the xgz leasing
Which of the following statements most accurately defines taxable income from business operations?
Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,200. The certificate reached maturity on December 1 (it was a six-month certificate). On December 1, she cashed in the certificate and received her original $3,200 back..
For 2007 Mossland Corporation reported gross profit $100,000; net income of $24,000; sales $500,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 profit margin?
on april 8 2011 kelly purchased new office furniture for her business that cost 170000. what is the maximum deduction
identify ethical issues conflicts of interest and noncompliance with corporate policies and procedures in the enron
Briefly discuss the operating performance and financial positions of Sepracor Industry averages for these ratios in 2007 were ROA 3.5%; Return on Equity 16%; and Debt to Assets 75%. Based on this analysis, would you make an investment in the compa..
marison company makes two products x and y. the contribution margin for x is 2 and the contribution margin for y is 3.
general investment co. gic purchased bonds on january 1 2012. gics accountant has projected the following amortization
you have been approved for a 70000 loan toward the purchase of a new home at 10 interest. the mortgage is for 30 years.
the organization puts on three different fairs each year - one in february one in june and one in november. the fair
To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd