User Account

All Pages

What is XYZ operating profit

Assignment Help Accounting Basics
Reference no: EM133118009

Question - The XYZ Company has sales of $500,000, a gross profit margin of 40%, operating expenses (excluding depreciation) of $100,000, depreciation expense of $20,000, interest expense of $30,000, taxes of $10,000 and dividends paid of $5,000. What is XYZ's operating profit?

Reference no: EM133118009

Questions Cloud

How many headphones must ABC sell per week : Rent and other fixed costs are $240 per week; the income tax rate is 20%. How many headphones must ABC sell per week to meet its profit goal
Journal entries to record these events : Suppose B borrows $100,000 from L and uses it to drill an oil well. B hits a dry hole and loses the entire $100,000 investment. Journal entries to record events
Compute the direct materials variance : Direct materials (46,500 pounds @ $5.10 per pound) $237,150. Compute the direct materials variance, including its price and quantity variances
What is total variable cost : What is total variable cost from the list of costs below - Direct labour 110,000, Direct material 170,000 and Factory overheads 80,000
What is XYZ operating profit : The XYZ Company has sales of $500,000, a gross profit margin of 40%, operating expenses of $100,000, What is XYZ operating profit
Prepare a partial income statement : Prepare a partial income statement for 2021 beginning with income from continuing operations. Ignore EPS disclosures
How much did the investor pay for the purchase : An investor purchased five bonds each with a maturity value of $10,000 on April 1, the issue date. How much did the investor pay for the purchase
What is the clinic net income before taxes : Assume a outpatient clinic has revenues of $650,000, Cost of Goods Sold of $400,000 And expenses of $200,000. What is the clinic's net income before taxes
What is the internal growth rate : Given - Plowback Ratio = 70% and Net Income = $ 1 million. What is the Internal Growth Rate and what is the Sustainable Growth Rate of the Business

Reviews

Write a Review

Accounting Basics Questions & Answers

  Make the journal entry to record the direct labour costs

Assume that the company does not use any indirect labour. Make the journal entry to record the direct labour costs added to production

  Generate the direct labour budget

Generate the direct labour budget (in hours and £'s) for the quarter June to August 2020. Direct labour costs £12 per hour, and each T-shirt takes 0.4 hours

  What is the balance in the equity method investment

On 1/1/19, Investor purchased 3,000 of the outstanding 10,000 shares of Investee for $2,000. What is the balance in the Equity Method Investment

  Prepare journal entries for each of foregoing transactions

Prepare journal entries for each of the foregoing transactions in an Excel worksheet. Label each entry clearly and use Excel formulas for all calculated numbers

  What events cause debits to be recorded factory overhead

What events cause debits to be recorded in the Factory Overhead account. What events cause credits to be recorded in the Factory Overhead account

  Prepare journal entries to retrospectively correct errors

Required - Prepare journal entries necessary to retrospectively correct the errors. Assume a 20% income tax rate

  Harris fabrics computes its predetermined overhead rate

Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor- hours

  What is the return on assets for big store

What is the return on assets for Big Store (a) in 2012 and (b) in 2021? You have available to you an extensive data set that includes detailed financial data

  Discuss designs and manufacturers gps navigation device

Garmin is a Kansas City Based company that designs and manufacturers GPS Navigation device

  What would be cost per equivalent unit for conversion costs

What would be the cost per equivalent unit for conversion costs for the month if the department uses: a. Average and b. FIFO

  What is the breakeven sales level for eastern decreasing

Given the Eastern's variable costs for this product are $40 per chip, what is the breakeven sales level for Eastern decreasing its price by $20 price per chip

  What is the current price of the bond

A bond has the following terms:-Annual interest (paid semi-annually): $100-Term: 15 years. What is the current price of the bond if comparable yields are at 7%

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd