Sammys shovels had sales of 84108 in 2010 the cost of goods

Assignment Help Accounting Basics
Reference no: EM13591428

Sammy's Shovels had sales of $84,108 in 2010. The cost of goods sold was $22,205, operating expenses (excluding depreciation) were $16,559, interest expenses were $1,534, depreciation expense was $9,170, and dividends paid were $1,767. The firm's tax rate is 27 percent. What did Sammy's Shovels report as net income (or, net profit) in 2010?

Reference no: EM13591428

Questions Cloud

When the object is moved to 480 cm from the lens the : when an object is placed 67.0 cm from a certain converging lens it forms a real image. when the object is moved to
Using the fifo costing method compute a equivalent units : four the past four years three companies have dominated the soft drink industry holding a combined 85 percent of market
On may 1 2010 ziek corp declared and issued a 10 common : on may 1 2010 ziek corp. declared and issued a 10 common stock dividend. prior to this dividend ziek had 100000 shares
In early july mike gottfried purchased a 70 ticket to the : in early july mike gottfried purchased a 70 ticket to the december 15 game of the chicago titans. the titans belong to
Sammys shovels had sales of 84108 in 2010 the cost of goods : sammys shovels had sales of 84108 in 2010. the cost of goods sold was 22205 operating expenses excluding depreciation
A nature photographer wishes to photograph a 25 m -tall : a nature photographer wishes to photograph a 25 m -tall tree from a distance of 63 m. what focal-length lens should be
The diamond glitter company is in the process of preparing : the diamond glitter company is in the process of preparing its financial statements for 2012. assume that no entries
An airplane is flying at an elevation of 5150 ftdirectly : an airplane is flying at an elevation of 5150 ftdirectly above a straight highway. two motorists are driving cars onthe
At the beginning of the year keller companys liabilities : at the beginning of the year keller companys liabilities equal 60000. during the year assets increase by 80000 and at

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.

  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!

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