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Questions -
Q1 Given the following income statement data for a local business:
Net sales = $16,500
Depreciation = $1120
Cost of goods sold = $10,350
Interest expense = $900
Tax rate is 34%
a. Calculate net income
b. Calculate operating cash flow
c. Is this company able to cope with a short-term downturn in profitability? Explain your answer.
Q2. A firm has recently purchased equipment at $250,000 with a CCA rate of 25%. Under the Half Year rule, what is the amount of depreciation that the firm can claim as a tax-deductible expense in its second year?
Q3. Moncton Corporation has sales of $255M, operating costs of $175M, and depreciation of $32M. It also has interest costs of $8m and its tax rate is 20%.
Moncton made a net investment in operating capital of $30m during the year. If the company's share price is $17.50 and it has 12m shares outstanding, does Moncton have sufficient free cash flow to repurchase 10% of its shares?
Compute cost per equivalent unit for both the weighted average and FIFO methods. Pablo Company calculates the cost for an equivalent unit of production
The firm sold stock that had been owned for 2 years for $40,000; the original cost of the stock was $30,000. How to determine the corporation's taxable income
List three debt-related ratios, and discuss how these ratios are used to assess a company's performance.
Samsung produces digital televisions with multiple process production line. Identify and list some of its production processing steps and departments
Calculate the break-even point in units per period and the total costs per period at this output - Fixed costs per period $270,000
They have a 5-year maturity, an 7.5% coupon rate with interest paid semi-annually, and a par value of $1,000. What is their current yield?
Prepare flexible budget for the production and sale of 1,060 units. Assume that in October 2019 the Schmidt Machinery Company manufactured
If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year?Finished goods inventory. January 1. 2011
AAA company is reviewing the behavior of its various activities. How many units were completed and transferred out of Department A during February?
What transfer price of X causes divisional managers to make decentralized decisions that maximize Carlson Company's profit if each division is treated
How long it will take a sum of money of money (or anything else) to grow to some specified amount. For example, if a company's production is growing
Describe other instances where the law considers that the party is yet to make an offer and support your discussion with legal authority
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