What is the gross profit

Assignment Help Accounting Basics
Reference no: EM133611031

Question: Tanyon Buff Enterprise (CBE) has a project where the NPV is break-even if the unlevered net income is $91146. If the marginal tax rate is 0.19, depreciation expense is $117175, and fixed costs are $101950, what is the gross profit? Assume there is no interest expense.

Reference no: EM133611031

Questions Cloud

Identify a minimum of ten potential risks that could effect : Identify a minimum of 10 potential risks that could effect the business operation. Complete the chart for each of the 10 potential risks.
Discuss takeaways from reading about race irt : Discuss takeaways from reading about the Race IRT. Be specific into what stood out to you, particularly from pages 46-52. Mind bugs.
Prepare the consolidated balance sheet at the date : PC acquired 100% of Subsidiary SA shares for 800 in cash. Prepare the consolidated balance sheet at the date of acquisition. Explain your calculations
What can he add to the chart to indicate : Caleb created a column chart that lists numbers from $50,000 to $0 on the left. What can he add to the chart to indicate that these are monthly revenue amounts
What is the gross profit : If the marginal tax rate is 0.19, depreciation expense is $117175, and fixed costs are $101950, what is the gross profit? Assume there is no interest expense
The most appropriate audit report you should issue is : liquidation basis as the client did not know whether they would win the case. In light of this, the most appropriate audit report you should issue is
Compute the target cost for the slim slicer : Slicer's cost substantially. Monty wishes to earn a return of 30% of the selling price. (a) Compute the target cost for the slim slicer
Foreign currency gain or loss in the income statement : Foreign currency gain or loss in the income statement at year end There will be a foreign currency gain or loss in the shareholders' equity
What was their gross profit : they had no finance income, the corporation tax on their profit was £8 million and they paid a dividend of £11 million. What was their gross profit

Reviews

Write a Review

Accounting Basics Questions & Answers

  What type of investment the Dressage stock is for Rusty

Accounting for equity method On January 1, 2016, Rusty, Inc. decides to Requirements invest in 12,250 shares of Dressage stock when the stock is selling.

  What are TIE ratio and its return on invested capital

The W.C. Pruett Corp. has $200,000 of interest-bearing debt outstanding, What are its TIE ratio and its return on invested capital (ROIC)

  Describe the internal control structure

All vendor invoices are received by mail. There are five employees in the accounting department, Describe the internal control structure

  Determine what is the break-even point in units

Determine What is the break-even point in units? The ratio of variable expenses to fixed expenses is constant for each unit and over time.

  What is likely to be the total cost to the company

Your company plans to hire an employee at a yearly salary of $70,000. What is likely to be the total cost to the company

  Define weaknesses that exist in alden expenditure cycle

Discuss how those control procedures would be best implemented in an integrated ERP system using the latest developments in IT. (CPA Examination, adapted)

  Determine the service cost component of the net pension cost

Carlson Company sponsors a single-employer defined benefit pension plan. The plan provides that pension benefits are determined by age, years of service, and compensation.

  Take a position on whether or not you agree with investor

Take a position on whether or not you agree with investor use of statements of cash flows, and provide support for your position.

  What is the gain on extinguishment of debt to be recognized

Annual interest of 10% is to be paid for 4 years every December 31. What is the gain on extinguishment of debt to be recognized for 2011

  Problem regarding the strong interpersonal skills

What is the probability that there will be at least one person with strong interpersonal skills among the group that is sent?

  Prepare a balance sheet as of december

Lamp Light Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Prepare a balance sheet as of December 31, 2016. Fixed assets must be entered in order according to account number

  Compute the company predetermined overhead rate

Estimates made at the beginning of the year: Estimated labor-hours 37,000. Compute the company predetermined overhead rate

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