Answered step by step
Verified Expert Solution
Question
1 Approved Answer
13 X A B C D E F G H J K 5 6 $ 105,000 40,000 65,000 Sales Cost of Sales Gross Profit Less:
13 X A B C D E F G H J K 5 6 $ 105,000 40,000 65,000 Sales Cost of Sales Gross Profit Less: Fixed Costs Selling and Admin Leases Insurance Depreciation Total Fixed Costs EBIT Less: Interest paid EBT Less: Income Tax EAT 45,000 3,600 900 49,500 15,500 1,120 14,380 2,588 >> 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Dividends Change in Retained earnings $ 4,000 (4,000) Other Information Credit Sales Units Sold Estimated Share price Outstanding Shares Desired Profit (EBT) Income Tax Rate: Gross Profit per unit: Depreciation Rate (declining balance) Unit Cost Interest Rate on LTD Desired rate of return by shareholder Income Statement Balance Sheets Ratios & Breakeven 60% 950 $1.22 10,000 shares $ 15,000 18% $ 68,42 20% 42.11 8.0% 12.0% Ready
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started