The firm expects depreciation expenses

Assignment Help Financial Management

Reference no: EM131547920

ABC expects sales of $19,166,000 this year. The cost of goods sold is expected to be $11,941,000 while selling, general and administrative (SGA) expenses are forecast to be $4,727,000. The firm expects depreciation expenses to be $292,000 and expects to pay an average interest rate of 5% on its $4,210,000 of interest-bearing debt. Given its tax rate of 40%, what is the expected net income for ABC this year?(If it is a negative, be sure and enter a negative sign)

Reference no: EM131547920

Questions Cloud

Discuss the allowance method : Your company prepares financial statements only once a year. In accounting for uncollectible accounts it uses the allowance method.

An interesting visual graph or diagram : What problems could have come into play in the initial research that would change the results if corrected?

Explain the change in line items on financial statements : What are the three (3) types of variances discussed in class that explain the change in line items on financial statements, such as revenue?

Change model conducive to healthcare field : Research the various change models used by organizations today. Choose a change model conducive to healthcare field.

The firm expects depreciation expenses : The firm expects depreciation expenses to be $292,000 and expects to pay an average interest rate of 5% on its $4,210,000 of interest-bearing debt.

Evaluation on the hrm process within organizations : Select an organization (current, previous or one that you are familiar with) and examine the human resource management (HRM) process within.

What are some reasons that business outputs vary : Discussion: BUSINESS OUTPUT- What are some reasons that business outputs vary? For example why does production output vary?

Workplace relationships with workers : You have come to realise that you have poor workplace relationships with those workers and that workers have poor relationships with each other.

Total estimated cost of this european history ebook : What are some problems that might arise that could impact the budget? What is the total estimated cost of this European History eBook?

User Account

All Pages