User Account

All Pages

Prepare an income statement for the company

Assignment Help Financial Management
Reference no: EM132359790

Question

The following information is available for Oriole Corporation for the year ended December 31, 2020: cost of goods sold $216,000, sales revenue $444,000, other revenues and gains $48,000, and operating expenses $72,000.

Assuming a corporate tax rate of 35%, prepare an income statement for the company.

Reference no: EM132359790

Questions Cloud

Identify a major technology breach and describe the breach : Choose an institution of higher learning and: (1) identify a major technology breach and describe the breach
Calculate sunlands 2020 net income : During 2020, Sunland earned total revenues of $1,970,000 and incurred total expenses (except income taxes) of $1,130,000. Sunland's income tax rate is 31%.
Indicate the balances in three stockholders equity accounts : On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share.
Communicate the purpose of the face-to-face : Email communication strategy to correct Diego's performance issue. Plan to schedule a face-to-face meeting with Diego to address the matter
Prepare an income statement for the company : The following information is available for Oriole Corporation for the year ended December 31, 2020: cost of goods sold $216,000, sales revenue $444,000.
Provide a comparison between a use case : Provide a comparison between a use case with and without this strategy implemented.
Determine the balance in retained earnings at december 31 : Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2020, was $219,000.
Prepare the entries for the declaration and issuance : Waterway Corporation has 45,000 shares of $10 par value common stock outstanding. It declares a 15% stock dividend on December 1.
When you are in a highly monitored position : When you are in a highly monitored position like a call center, in your opinion is there any room for "organizational slack", should there be?

Reviews

Write a Review

Financial Management Questions & Answers

  Which two investment criteria place most focus on liquidity

Pablo is primarily concerned about his company's liquidity. Which two investment criteria place the most focus on liquidity?

  Evaluate the main effect for the treatment

Which numbers are compared to evaluate the main effect for the treatment?- Which numbers are compared to evaluate the main effect for gender?

  What is the market price per share of the firm equity

A firm has a price-to-earnings (P/E) ratio of 9.00. What is the market price per share of the firm’s equity?

  Purchase one share of stock in lion equity

Lion Equity paid an annual dividend of $3.25 per share last month, and it is anticipated that future dividends will increase by 4% annually. As a shareholder, if you require a 12% return on your investment in Lion Equity, how much are you willing pay..

  To meet this goal she deposit money into account

Maria Sanchez needs $9540 in three years to put a new roof on our house. To meet this goal she deposit money into an account today that pays 4.75% compounded monthly. Find the amount she must invest today to have $9540 in three years?

  End of the five years to invest into business

How much will she have at the end of the five years to invest into her business?

  Time for lump sum to double-time to reach a financial goal

Time to reach a financial goal-If you deposit money today in an account that pays 3% annual interest, how long will it take to double your money?

  Sell or process further

Port Allen Chemical Company processes raw material D into joint products E and F. Raw material D costs $6 per liter. It costs $100 to convert 100 liters of D into 60 liters of E and 40 liters of F. Product F can be sold immediately for $6 per liter o..

  Making decisions in business can be difficult

Making decisions in business can be difficult. Fortunately we have a lot of great tools to help us! Choose two decision-making tools and explain how you would use them to make a decision with an actual problem you have faced in your professional life..

  What is the company unlevered cost of equity capital

Wice Shy Industries has a debt−equity ratio of 1.6. Its WACC is 8.6 percent, and its cost of debt is 6.1 percent. The corporate tax rate is 35 percent. What is the company’s cost of equity capital? What is the company’s unlevered cost of equity capit..

  Define three types of synergy that may result from mergers

Define three types of synergy that may result from mergers and what the sources of these synergies are.

  What is the companys weighted-average cost of capital

Dusit is financed 33% by debt yielding 8.3%. Investors require a return of 15.3% on Dusit’s equity. What is the company’s weighted-average cost of capital if the corporate tax rate is 35%? What would be the company’s cost of capital if it were exempt..

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