What was net operating profit after taxes

Assignment Help Financial Accounting
Reference no: EM133010535

Problem 1: ABC Industries had the following operating results for the last year; sales=25,700; cost of goods sold=18,400; depreciation expense= 3450;interst expense = 790. The tax rate for last year was 40%. What was net operating profit after taxes

Reference no: EM133010535

Questions Cloud

Prepare an estimate of the cost of work-in-process : Singh & Sons is in the process of negotiating a settlement with its insurance company. Prepare an estimate of the cost of work-in-process
What annual total inventory management of cheese inventory : Cheeseburger and Taco Company purchases 17,397 boxes of cheese each year. What is the annual total inventory management costs of cheese inventory.
What is yield to maturity on bond if dan purchases bond : The bond is currently selling for $981. The par value of the bond is $1000. What is the yield to maturity on the bond if Dan purchases the bond today?
Prepare budget schedules for June : Sales are expected to be: June, €300,000; July, €290,000; August, €340,000; and September, €400,000. Prepare budget schedules for June
What was net operating profit after taxes : Depreciation expense= 3450;interst expense = 790. The tax rate for last year was 40%. What was net operating profit after taxes
Questionnaire to identify temperament type : Considering that these choices represent management alternatives, what set of human resource imperatives are important to each of the three project organization
What is most that will be willing to pay for common stock : You are considering the purchase of Crown Bakery, Inc. What is the most that you will be willing to pay for the common stock if you were to purchase it today?
UX, CX and Ethical innovation case study : How Design Thinking principles were applied in the development of your proposed innovation - Alignment to the customer journey for your nominated personas
Identify an article that is not qualitative research : How can you identify an article that is not qualitative research. Provide an overview of why you think this article is substantial in providing evidence-based s

Reviews

Write a Review

Financial Accounting Questions & Answers

  What amount of doubtful debts expense will dejong company

What amount of doubtful debts expense will DeJong Company report if it uses the direct write-off method of accounting for doubtful debts?

  What is the future value of periodic payments

What is the future value of 25 periodic payments of $5,170 each made at the beginning of each period and compounded at 8%?

  Operations based upon the statement of cash flows

Select a publicly traded company and access its most recent financial statements from its annual report. Providee a link to the statements. Examine the statement of cash flows for the companu, and calculate the cash flow ratios presented in the lectu..

  What amount should diego inventory account be reduced

What amount should Diego's inventory account be reduced on December 31, 2020? Merchandise out on consignment (at sales price, including 30% mark up)

  Discuss the purpose of financial ratios

If we divided the users of financial ratios, such as short-term lenders, long-term lenders, and stockholders, which ratios would each prefer and why?

  How should this matter be resolved

Two partners have a dispute concerning current earnings. One partner believes his share is $75,000, while the other partner it is $100,000. How should this matter be resolved?

  What was the absorption costing net operating income

Sproles Inc. manufactures a variety of products. Variable costing net operating income was $132,000 last year and its inventory decreased by 4,250 units. Fixed manufacturing overhead cost was $16 per unit. What was the absorption costing net operatin..

  Federal income tax withholding

Lily Flower's weekly gross earnins for the week ended October 20 were $2,500, and her federal income tax withholding was $517.24. Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Flower's net pay?

  Find what is the standard deviation of the returns

Parleon Company, What is the standard deviation of the returns over the 5-year period? What is the average return over the 5-year period?

  How much additional debt does Tiger need to issue

As a result of this restructuring, the cost of debt will rise to 10%. How much additional debt does Tiger need to issue

  Calculate the amount of the annual rental payment required

Pronghorn desires a 9% rate of return on its investments. Stellar's incremental borrowing rate is 10%, Calculate amount of the annual rental payment required

  Purchase of merchandise on credit using perpetual inventory

Which of the is allowed under generally accepted accounting principles - purchase of merchandise on credit using a perpetual inventory system includes

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