About the depreciation and earnings

Assignment Help Financial Management

Reference no: EM131302368

Depreciation and earnings [LO1] Stein Books Inc. sold 2,100 finance textbooks for $230 each to High Tuition University in 2013. These books cost $195 to produce. Stein Books spent $12,500 (selling expense) to convince the university to buy its books. Depreciation expense for the year was $15,600. In addition, Stein Books borrowed $102,000 on January 1, 2013, on which the company paid 16 percent interest. Both the interest and principal of the loan were paid on December 31, 2013. The publishing firm’s tax rate is 30 percent. Prepare an income statement for Stein Books. (Input all amounts as positive values.) Stein Books Inc. Income Statement For the Year Ending December 31, 2013 $ $ $ $ $ References Worksheet.

Reference no: EM131302368

Questions Cloud

Considering purchasing an outstanding bond : Today is January 1, 2012 and you are considering purchasing an outstanding bond that was issued on January 1, 2010. It has a 9% annual coupon and originally had a 20-year maturity. The bonds can be called for 5 years from original issue date at a pre..

About the income statement : Income statement [LO1] Given the following information, prepare in good form an income statement for the Dental Drilling Company.

Types of conflict in the workplace : Let's take a look at some other types of conflict in the workplace. Workplace violence by some is considered a conflict and others classify it as workplace violence.

How does your ros compare to the competition : Assess your company's ROS (Return on Sales). How does your ROS compare to the competition? Explain the meaning of your ROS and what you can do to increase the return on sales, if needed?

About the depreciation and earnings : Stein Books Inc. sold 2,100 finance textbooks for $230 each to High Tuition University in 2013. These books cost $195 to produce. Stein Books spent $12,500 (selling expense) to convince the university to buy its books.

Calculate the area of a triangle : Write a function that computes the area of a triangle given the length of its three sides as parameters (see Programming Exercise 9 from Chapter 3). Use your function to augment triangle2.py so that it also displays the area of the triangle.

Compute the maximum number of users per cell : Assume that the allocated spectrum for a cellular system is 25 MHz in bandwidth,- For cluster sizes N = 3, 4, and 7, compute the maximum number of users per cell, at blocking probability 0.02.

Growing annuities : Growing Annuities Tom Adams has received a job offer from a large investment bank as a clerk to an associate banker. His base salary will be $63,000. He will receive his first annual salary payment one year from the day he begins to work. In addition..

Explain which of the variables computed in the table : Explain which of the variables computed in the table and plotted on the graph represent the supply and demand curves for the Alex Lopez & Sons Company.

User Account

All Pages