Question
Hi Please with this questions 1)Sam's Bakery has sales of $576,000 with costs of $382,000. Interest expense is $15,000 and depreciation is $31,000. The tax
Hi Please with this questions
1)Sam's Bakery has sales of $576,000 with costs of $382,000. Interest expense is $15,000 and depreciation is $31,000. The tax rate is 27%.What is the net income?
2)Bob Equipment Rental paid $64 in dividends and $517 in interest expense. The addition to retained earnings is $327 and net new equity is $400. The tax rate is 27%. Sales are $14,900 and depreciation is $570. What are the earnings before interest and taxes?
3)Suppose you are given the following information for Panola Bread: sales=$30,000; costs= $10,000; addition to retained earnings =$4,365; dividends paid =$485; interest expense $1,200; tax rate =30 percent. What is the amount of the depreciation expense?
4)A firm has $345 in inventory, $942 in fixed assets, $210 in accounts receivables, $320 in accounts payable, and $65 in cash. What is the amount of the current assets?
5)Bernard Auto Repair has shareholders' equity of $121,400. The firm owes a total of $132,000 of which 40% is payable within the next year. The firm has net fixed assets of $151,620. What is the amount of the net working capital?
6)A firm has net working capital of $540. Long term debt is $3,410, total assets are $5,340 and fixed assets are $3,720. What is the amount of the total liabilities?
7)Jett Gas LLC has total sales of $1,479,600 and costs of $914,300. Depreciation is $41,650 and the tax rate is 34 percent. mThe firm does not have any interest expense. What is the operating cash flow?
8)Smith Auto Dealership had beginning net fixed assets of $216,525 and ending net fixed assets of $208,650. During the year, assets with a combined book value of $7,844 were sold. Depreciation for the year was $41,320. What is the net cash flow from the purchase or sale of assets?
9)The Atlanta Newsfeed Corporation had net income of $132,700 of which 40 percent was distributed to shareholders as dividends. During the year, the company sold $79,000 worth of common stock. What is the cash flow to stockholders?
10)Samson Enterprises paid $1,250 in dividends and $850 in interest this past year. Common stock increased by $1,100 and retained earnings decreased by $295 What is the net income for the year?
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