Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Swann Systems is forecasting the following income statement for the upcoming year:
Sales$5,000,000
Operating costs (excluding depreciation) 3,000,000
Gross margin$2,000,000
Depreciation 500,000
EBIT$1,500,000
Interest 500,000
EBT$1,000,000
Taxes (40%) 400,000
Net income$ 600,000
The company's president is disappointed with the forecast and would like to see Swann generate higher sales and a forecasted net income of $2,000,000.
Question 1: Assume that operating costs (excluding depreciation) are always 60 percent of sales. Also, assume that depreciation, interest expense, and the company's tax rate, which is 40 percent, will remain the same even if sales change. What level of sales would Swann have to obtain to generate $2,000,000 in net income?
Sew-Good that the use of this credit card would be very useful for times when is a short term cash deficit. Would advise Sew-Good to accept the credit card
Ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island of Bali in Indonesia
Using the Consolidated Statement of Income (may also be called Statement of Earnings or Statement of Operations) of a publicly-traded company of your choosing, answer the following questions in the 1.4 Discussion: Income Statement forum: What are the..
Find the Discounted Payback period for the following project. The discount rate is 7%. Round the answer to two decimal places.
John thinks the losses were particulary large because his company has too much fixed assets. Expand on johns thoughts. Explain how the large bosses related to fixed costs? identify a way that john can turn potential fixed costs into variable costs
If the tax rate is 21 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded)
Yoda Company purchased all the stock of Vadar Company at book value. On October 31st 2015 Yoda sold inventory to Vadar on account. The inventory had cost Yoda $50,000 and it was sold to Vadar for $90,000.
calculation of market value of bond at various rates.assume a government bond has a face value of 1000 a coupon of 6
How would the three-month prepayment be recorded initially by AMC? When would AMC recognize revenue from this annual plan?
Prepare the journal entries to record the normal spoilage, assuming the following: The spoilage is related to a specific job, The spoilage is considered to be abnormal spoilage and The spoilage is common to all jobs.
The sales price of the equipment was $515,900, Determine the amount of deferred revenue to be reported from the sale of the computer equipment on December
Prepare journal entries to record these events and transactions. Be sure to indicate the fund-type in which the entry would be made. Prepare a year-end statement of financial position and statement of activities.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd