User Account

All Pages

What is the net income for this firm

Assignment Help Accounting Basics
Reference no: EM13515334

Building an Income Statement

Papa Roach Exterminators, Inc., has sales of $432,000, costs of $210,000, depreciation expense of $25,000, interest expense of $8,000, and a tax rate of 35 percent. What is the net income for this firm?

Reference no: EM13515334

Questions Cloud

What is the value of the shareholders equity : Penguin Pucks, Inc., has current assets of $3,000, net fixed assets of $6,000, current liabilities of $900, and long-term debt of $5,000. What is the value of the shareholders equity account for this firm? How much is net working capital
How should you quote the measured value : How should you quote the following measured value and associated error in the form xbest ± Δx?
Obtain the friction force : a block having mass m= 10kg rests on a horizontal surface. Us+.4 and Uk=.2. what is the friction force if an external horizontal force of 32N is exerted on the block
Define the standard enthalpy of atomization for sodium : Given that the standard enthalpy of atomization for sodium is 108.4 KJ/mol, calculate the energy in kilojoules required to convert 1.40 mol of sodium metal at 25 celsius to 1.4 mol of gaseous Na+ ions. (Ionization energy of Na(g) is 495.9 KJ/mol)
What is the net income for this firm : Papa Roach Exterminators, Inc., has sales of $432,000, costs of $210,000, depreciation expense of $25,000, interest expense of $8,000, and a tax rate of 35 percent. What is the net income for this firm?
What is the market-to-book ratio : Dividends per share? Book value per share? If the stock currently sells for $95 per share, what is the market-to-book ratio? The price-earnings ratio?
Find the average force of the ball on the catchers hand : At a ball game, consider a baseball of mass m = 1.07 kg that falls directly downward at a speed v = 50 m/s into the hands of a fan. what is the average force of the ball on the catcher's hand
Define acyl chloride can hydrolyze in water spontaneously : Acyl chloride can hydrolyze in water spontaneously to carboxylic acid. In the interfacial polymerization water is used as one of the solvent, why you don't have to worry about the hydrolysis of sebacoyl chloride in this action
Calculate the final angular speed of the student : A student sits on a rotating stool holding two 4 kg objects. When his arms are extended horizontally, the objects are 0.8 m from the axis of rotation, and he rotates with angular speed of 0.74 rad/sec. Calculate the final angular speed of the stude..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equipment which cost 213000 and had accumulated

equipment which cost 213000 and had accumulated depreciation of 114000 was sold for 121000. this transaction should be

  Determine comprehensive annual financial report

Harvey Township budgets its resources on the cash basis in accordance with state laws. State law also requires financial statements prepared on the cash basis. To comply with this requirement, Harvey Township prepares the financial statements in i..

  Calculating federal tax due

Sheniqua, a single taxpayer, had taxable income of $73,239. Her employer withheld $14,077 in federal income tax from her paychecks throughout the year. Using the tax tables

  Hennings travel company specializes in the production of

hennings travel company specializes in the production of travel items clocks personal care kits. the following data

  Effective annual rate on the investment

You buy an investment today for $9,000. You sell the investment in 120 days for $9,500. The effective annual rate on this investment is:

  Find the management discussion and analysis

you will be reading portions of the 2011 Comprehensive Annual Financial Report (CAFR) issued by Broward County, Florida. You will be asked to prepare "executive summaries" of the information reported.

  Balance sheet total for retained earnings

A for-profit nursing home has beginning-of-period retained earnings of $40,000. Net income for the period totals $75,000 and dividends declared during the period total $15,000. The balance sheet total for retained earnings will be what amount?

  Depreciation method used for tax purposes

A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a

  Company break-even point in dollar sales

Scott Company's variable expenses are 70% of sales. The company's break-even point in dollar sales is $2,420,000. If sales are $53,000 below the break-even point, the company would report a:

  Calculate the dollar sales volume necessary to break-even

As part of its cost accounting routine, Wilcox Company assigns $36,000 in fixed costs to each product each month. Calculate the break-even dollar sales volume for each project.

  Weighted-average method for accounting for units and costs

Compute the equivalent units of production for materials and conversion costs for the first department for October, assuming that the company uses the weighted-average method for accounting for units and costs:

  Prepare cash flowsfrom operating activities section

The net income reported on the income statement for thecurrent year was $167,900. Prepare the cash flowsfrom operating activities section of the statement ofcash flows, using the indirect method.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd