What is the operating income

Assignment Help Financial Accounting
Reference no: EM132954369

Question - ABC has the following income statement information:

Revenue $3,000,000

Cost of goods sold $1,000,000

Other operating expenses $500,000

Interest expense $100,000

Tax expense $120,000

Required -

A. What is the operating income?

B. What is the net income?

Reference no: EM132954369

Questions Cloud

Find the npv in usd by calculating the npv in zar : Determine the NPV in USD by calculating the NPV in ZAR using the ZAR equivalent cost of capital according to the Fisher Effect and then converting to USD
Find what is the net present value of the norwegian project : Assume that Baps Corporation is considering the establishment of a subsidiary in Norway. What is the net present value of the Norwegian project?
Prepare a schedule to show how trask retained earnings : Net income for 20X1 was $2,400,000. Prepare a schedule to show how Trask's retained earnings changed from January 1, 20X1, to December 31, 20X1
Nominal gdp to gauge economic well-being : Why do economists use real GDP rather than nominal GDP to gauge economic well-being? Explain with example.
What is the operating income : ABC has the following income statement information: Revenue $3,000,000 and Cost of goods sold $1,000,000. What is the operating income
Limited supply of gasoline : If prices were not allowed to rise to "clear the market" (that is, ensure that quantity supplied equaled quantity demanded) after the hurricane, how was the lim
Compute what is the project mirr : A project has an initial cost of $70,000, expected net cash inflows of $13,000 per year for 6 years, and a cost of capital of 10%. What is the project's MIRR?
Summarize the factors that are expected to impact dollar : Summarize the factors that are expected to impact Dollar general's financial position in the next three years. The factors identified should be supported.
What will its dividend payout be : The company anticipates that its capital budget for upcoming year will be $4,000,000 and its net income is reported at $2,800,000. What will dividend payout

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the gain or loss on the sale of the truck

Lexi Inc. owns and operates a delivery truck. Compute gain or loss on the sale of the truck if the sales price was $40,000 cash. gain as "+" and a loss as "-".

  Determine the expected return on barbaras investment

Determine the expected return on Barbaras investment

  Discuss how the ethical dilemma mark faces

Mark Hobson, a CGA and CIA, is an internal auditor employed by Comstock Industries. He is just completing an audit of the Avil Division conducted during the first five weeks of the year. Discuss how the ethical dilemma Mark faces might have been avoi..

  What was the company interest expense

What was the company's interest expense? Syarikat Sekuriti Juita has RM100 million in total assets and its corporate tax rate is 40%.

  Find the estimated cash flow for the period

Question - Granzkie Corporation had income before tax of $60,000 for the year. Find the estimated cash flow for the period

  Journalize the transactions

The stockholders’ equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,500 shares authorized) $270,000 Common Stock ($5 stated value, 321,500 shares authorized) Paid the dividend dec..

  1nbsprecognition of concepts jim armstrong operates a small

1.nbsprecognition of concepts. jim armstrong operates a small company that books enter tainers for theaters parties

  What is the present value of an annuity per year

What is the present value of an annuity of $6,800 per year, with the first cash flow received three years from today and the one received 25 years from today>

  Determine the total manufacturing costs

Determine the total manufacturing costs and the cost amount per unit for the production and sale of 80,000 units of the product

  Journal entries to record investmentscrane mechanics

journal entries to record investments.crane mechanics acquired 75 percent of downey enterprises on march 31 2005 for

  Prepare the journal entries to record the purchase on july

Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. Prepare the journal entry for the payment.

  How is present value related to the concept of a liability

How is present value related to the concept of a liability? Southeast Airlines Inc. awards members of its Flightline program a second ticket at half price, valid for 2 years anywhere on its flight system, when a full-price ticket is purchased. How wo..

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