What was the delta ray brands net income after-tax

Assignment Help Finance Basics
Reference no: EM13258243

Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,255,700. Depreciation and amortization was $856,800, interest expense for the year was $808,100, and selling general and administrative expenses totaled $1,416,400 for the year, and cost of goods sold was $10,963,600 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?

Reference no: EM13258243

Questions Cloud

What is a fair price for the investment : The required rate of return is 10%. What is a fair price for the investment - assuming the discount rate and expected cash flows don't change - exactly 3 years from today. (In other words, what would the investment sell for in 3 years?
How far is the object from the image on the film : For a camera equipped with a 51-mm focal-length lens, How far is the object from the image on the film
What do you identify as the main argument in piece : What do you identify as the main argument in piece? What assumptions does the author rely on and having identified the claim, does the author provide evidence to support their argument?
Classification of current assets : Which of the following is NOT the Classification of Current Assets with respect to the Companies Ordinance 1984?
What was the delta ray brands net income after-tax : selling general and administrative expenses totaled $1,416,400 for the year, and cost of goods sold was $10,963,600 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?
What is meant by environmental sensitivity : What is meant by "environmental sensitivity," in the context of global marketing? an example of an environmentally-sensitive product, and explain why it is environmentally sensitive.
Methods for inventory valuation : Which one of the following methods for inventory valuation may be misleading when the units are identical?
Find the uncertainty in momentum of the helium atom : Helium forms a solid at low temperatures and high pressures. To maintain the order present in a solid, each atom must remain at its assigned position, Find the uncertainty in momentum of the helium atom
Explain the ph of this solution be after the addition : You have 500.0 mL of a buffer solution containing 0.20 M acetic acid (CH3COOH) and 0.30 M sodium acetate (CH3COONa). What will the pH of this solution be after the addition of 20.0 mL of 1.00 M NaOH solution? [Ka = 1.8 ´ 10-5]

Reviews

Write a Review

Finance Basics Questions & Answers

  Computation of number of shares to be issued for purchase

Computation of the number of shares to be issued for purchase of the machinery and How many shares of stock must The Pasta Maker sell to finance its new machinery

  Lender expect the inflation rate to be in the loans second

Illustrate what does the lender expect the inflation rate to be in the loan's second yr?

  Capitalization of installation and improvement

Capitalization of land, building and machinery acquired, capitalization of installation and improvement (demolition of existing structures included) and interest expense

  Calulate the total cost of the seasoned equity

After a banner year of rising profits and positive stock returns, the managers of raptor pharmaceuticals company decided to launch a seasoned equity offering to increase new equity capital RPC currently has ten million shares.

  Computation of arbitrage profit

Computation of arbitrage profit and what is the arbitrage opportunity and what would you do as an arbitrager and when would you stop doing it

  Calculate due tax amount

A resident of the US has a base income of $23,000 after adjustments for deductions. New legislation by Congress would tax this income at a rate of 11%.

  Calculate the risk based capital ratios

A large Bank Holding Corporation has Tier-1 capital of $40 billion and Tier two capital of $20 billion and risk weighted assets of $550 billion.

  Defining future value of money

You want to bank enough money to pay for 4 years of college at $20,000 per year for your child. The savings account will pay an effective rate of 5% per year.

  Prepare a trend analysis of operating ratios

Your parents have been left a substantial amount of money and want to invest it in a corporation. They want your recommendation but also want to see the reasoning behind your choice. Make a trend analysis of operating ratios

  Find the value per share of stock

Boehm Incorporated is expected to pay a $1.50 per share dividend at the end of the year is $1.50. The dividend is expected to increase at a constant rate of 7 percent each year.

  Multiple choice question

Preferred stock on which the right to receive dividends is forfeited for any year that the dividends are not declared is referred to as:

  Business owners equity at commencement of year

If opportunity cost of capital is 14%, compute the present value of business owners' equity at commencement of year.

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!

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