Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

Given information: Sales are $ 2 0 million, variable costs are $ 1 2 million, operating costs are $ 4 million, depreciation expense $ 1

Given information: Sales are $ $20$ million, variable costs are $ $12$ million, operating costs are $ $4$ million, depreciation expense $ $1$ million. Interest expense $100, 000 .$ Taxes $30 % .$ Dividend payout $30 % . 1, 000, 000$ shares of c $/$ s outstanding. What is the operating profit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

Let A and B be two events in a sample space such that A B, and C be another event in . If the events B and C are disjoint, then A and C will also be disjoint events.

Answered: 1 week ago

Question

★★★★★

Items 1 through 16 represent a series of unrelated statements, questions, excerpts, and comments taken from various parts of an auditors working paper file. Below is a list of the likely sources of...

Answered: 1 week ago

Question

★★★★★

Your answer is partially correct. Try again. Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of...

Answered: 1 week ago

Question

★★★★★

QUESTION 1 (25 MARKS) Assume you are working as a financial manager in a large firm. Your task is to evaluate the potential purchase of a small firm currently generating RM 200,000 of after tax cash...

Answered: 1 week ago

Question

★★★★★

Question 9 12 pts Each year about 1500 students take the Introductory statistics course at a large university. This year scores on the final exam are distributed with a median of 74 points, a mean of...

Answered: 1 week ago

Question

★★★★★

Solve 2 cos(x) - 3 cos(x) + 1 = 0 for all solutions 0 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Assume that investor's care about the first four moments of the return distribution. Given the following information which investment would investors prefer? Stock A: Mean Return = 10%, Standard...

Answered: 1 week ago

Question

★★★★★

How is power divided between the Board of Directors, individual directors and shareholders? Why power is divided this way? Does this division of power create any issues? If so, for whom?

Answered: 1 week ago

Question

★★★★★

Consider the demand equation for University of Alberta hoodies p = -0.03x + 30.0 for 0 x 1000. This describes the relation between the hoodie price p in dollars and the amount of hoodies demanded....

Answered: 1 week ago

Previous Question Next Question

Question

Given information: Sales are $ 2 0 million, variable costs are $ 1 2 million, operating costs are $ 4 million, depreciation expense $ 1

Given information: Sales are $20 million, variable costs are $12 million, operating costs are $4 million, depreciation expense $1 million. Interest expense 100,000. Taxes 30%. Dividend payout 30%.1,000,000 shares of c/s outstanding. What is the operating profit?

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Finance questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Given information: Sales are $ $20$ million, variable costs are $ $12$ million, operating costs are $ $4$ million, depreciation expense $ $1$ million. Interest expense $100, 000 .$ Taxes $30 % .$ Dividend payout $30 % . 1, 000, 000$ shares of c $/$ s outstanding. What is the operating profit?