Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz answer all question its 1 question Question 35 Not yet answered Marked out of 5.00 Flag question Dreamland water park LLC reported the following

plz answer all question its 1 question image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 35 Not yet answered Marked out of 5.00 Flag question Dreamland water park LLC reported the following income statement in millions of OMR) for 2021: Sales OMR 6.000 Operating costs excluding depreciation OMR 4900 EBITDA OMR 1100 Depreciation OMR 500 EBIT OMR 600 Interest OMR 250 EBT OMR 350 Taxes (40%) OMR 140 Net income OMR 210 The planning and forecasting team of the company has estimated the following changes; in year 2022 the sales are expected to grow by 10% than the current year sales Year 2022 operating costs, excluding depreciation are expected to equal 80% of year end sales. Depreciation is expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. The tax rate is expected to remain at 40%. Based on the above information, answer the following questions: (A) what is the forecasted sales for year 2022? -|(1 Mark) OMR 5400 OMR 5250 OMR 6600 OMR 1650 (B)What is the operating cost excluding depreciation in the year 2022? . (1 Mark) OMR 3600 OMR 5280 OMR 5400 OMR 6600 ( What is the earnings before interest, tax and depreciation in 2022? (1 Mark) OMR 770 OMR 5280 OMR 520 OMR 1320 (D) What is the depreciation for the year 2022? . (1 Mark) OMR 200 OMR 250 OMR 520 OMR 550 net income for the company in th (E) What is the net income for the company in the year 2022 (1 Mark) OMR 312 OMR 208 OMR 250 OMR 520

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Implementing And Auditing The Internal Control System

Authors: D. Chorafas

1st Edition

0333929365, 9780333929360

More Books

Students also viewed these Accounting questions

Question

40. Which RAID levels offer the best performance?

Answered: 1 week ago