So I am needing help with these 10 questions. My teacher is just tossing us work and not really showing us how to do any of it. So I am needing someone to show how to work the problem, not just the answers.

Thanks!

Week Two Problem Set Reminder: Per the instructor's policies, calculations (on how answers were derived) must be shown for each of the problems (1-10) below. See Instructor Announcements for sample submission document 1) Your firm has the following balance sheet statement items: total liabilities of $1,005,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm's total stockholder's equity? A) $3,650,885 B0 $550,000 C) $1,650,000 D) $833,000 2) Delta Corp. reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Delta Corp.'s gross profit is equal to A) $770,000. B) $1,070,000. C) $1,100,000. D) $1,500,000. 3) Delta Corp. reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Delta Corp. operating income is equal to A) $770,000. B) $1,070,000. C) $1,100,000. D) $1,500,000. 4) Use the following information to calculate the company's accounting net income for the year. Sales Operating Expenses Accounts Receivable Accounts Payable (Beg. of Year) Corporate Tax Rate A) $300,000 B) $240,000 C) $125,000 D) $120,000 $1,300,000 $900,000 $1,300,000 $150,000 40% 5) Susannah Stores Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. What is Susannah Stores Inc., EBIT? A) $850,000 B) $875,000 C) $900,000 D) $1,300,000 6) Susannah Stores Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. What is Susannah Stores Inc., net income? A) $288,000 B) $350,000 C) $377,000 D) $390,000 7) Susannah Stores Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. The firm paid dividends to preferred stockholders of $40,000, and the firm distributed $60,000 in dividend payments to common stockholders. What is Susannah Stores Inc., "Addition to Retained Earnings" that would be reflected per the Retained Earnings Statement Balance? A) $650,000 B) $390,000 C) $330,000 D) $290,000 8) Conglomerate, Inc. has total current assets of $1,200,000; total current liabilities of $500,000; and long-term assets of $800,000. How much is the firm's Total Liabilities & Equity? A) $2,500,000 B) $1,300,000 C) $2,000,000 D) $1,800,000 9) Conglomerate, Inc. has sales of $4,250,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. What is Conglomerate, Inc.'s tax liability? A) $258,000 B) $260,000 C) $360,000 D) $600,000 10) Use the following information to answer the questions below. In 2004, Bobbalee, Inc. expects operating income (earnings before interest and taxes) of $18,000,000. In addition, the corporation has $20,000,000 of debt outstanding with a 10 percent interest rate and will pay $1,000,000 in dividends to its common stockholders. Assume that Bobbalee will receive no other sources of income during 2004. Bobbalee's s taxable income for 2004 will be: A) $18,000,000. B) $17,000,000. C) $16,000,000. D) $15,000,000