Reference no: EM132820930
Question - a. During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $446,000, $95,000, and $140,500, respectively. In addition, the company had an interest expense of $70,600 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.)
i. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.)
ii. What is the company's operating cash flow? (Do not round intermediate calculations.)
b. Operating cash flow During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $446,000, $95,000, and $140,500, respectively. In addition, the company had an interest expense of $70,600 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.)
i. What is the company's net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.)
ii. What is the company's operating cash flow? (Do not round intermediate calculations.)
|
Advantages and disadvantages of virtual teams
: 1. Identify and explain the advantages and disadvantages of virtual teams. Outline the factors required for virtual teams to be successful.
|
|
What value should land be recorded in carpet barn company
: Barn Company was offered $135,000 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records?
|
|
What would be the purpose of each and every change
: What ideas can you add to the reasons for including educational programs for prisoners? What would you change, add, remove to the already existing programs?
|
|
Why is pay equity legislation still relevant
: Explain what the section is about: Severance of Employment - Section 63, 64, 65, 66 Provide an example how you, as the HR practitioner, would use it in the work
|
|
What is the company net income or loss
: Cost of goods sold, administrative and selling expenses, and depreciation expenses were $446,000, What is the company net income or loss
|
|
Develop a checklist for employee termination procedure
: Your employer has recently been sued by two employees for wrongful termination. The lawyer for your healthcare Facility indicates that it is necessary to revamp
|
|
What is the effect on crain company total corporate-level
: What is the effect on Crain Company's total corporate-level taxes if the manufacturing subsidiary raises its price to the sales subsidiary by 20%?
|
|
What would you say later when asked to testify
: What would you do? What would you say later when asked to testify that you observed the suspect make "threatening" gestures to the officers involved?
|
|
Prepare the required adjusting entries required at december
: Prepare the required adjusting entries required at December 31, 2018. Employees are paid $5,000 on Fridays for the 5-day workweek, which ends on that Friday.
|