Calculate the amount of the firms income before tax

Assignment Help Financial Management
Reference no: EM13730884

Banana Box Corporation has sales of $4,603,950; income tax of $469,586; the selling, general and administrative expenses of $203,073; depreciation of $343,754; costs of goods sold of $2,950,310; and interest expense of $192,871. Calculate the amount of the firm’s income before tax?

Reference no: EM13730884

Questions Cloud

Explain the impact of the closing of the frontier : Explain the impact of the "closing of the frontier" during the last half of the 1800s on this group. Explain how the myths relevant to this group contrasted with reality.
Calculate equilibrium gdp assuming that exchange rate : Calculate equilibrium GDP assuming that the exchange rate is equal to 1.5 and calculate equilibrium GDP assuming that the exchange rate is equal to 1.
Explain the main line of business of the company : Describe the main line of business of the company. Describe any differences observed in the implementation of this concept from one country to another
Interface implements the principles of good interface design : Also, prepare a written summary that describes how your interface implements the principles of good interface design as presented in the textbook.
Calculate the amount of the firms income before tax : Banana Box Corporation has sales of $4,603,950; income tax of $469,586; the selling, general and administrative expenses of $203,073; depreciation of $343,754; costs of goods sold of $2,950,310; and interest expense of $192,871. Calculate the amount ..
What was the role of gods and goddesses if there was one : What were things made of? What was the role of Gods and Goddesses if there was one? How did things work? What was the ideal government?
Describe the marketing channels and process : Describe the marketing channels and process that is used to distribute this product to you and other consumers
Domestic and international human resource management : Discuss the key differences between domestic and international human resource management (HRM). Choose one difference and provide a more detailed and personal opinion about it, including examples of potential issues.
Return on equity affected by use of financial leverage : Is the return on equity (ROE) affected by the use of financial leverage? Why does this result occur? Should Router choose the capital structure that maximizes its expected ROE? Explain.

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the price of a constant-maturity

Using a graph, comment on how well the market predicted the future moves of the spot 6-month rate on both dates and in general, are forward rates a good predictor of future interest rates?

  Hedging currency risks at aifs harvard business school case

hedging currency risks at aifs harvard business school case 9-205-026 2007.instructions this case should be done

  What is the intrinsic value of supers shares

Super carpeting Inc just paid a deidend (Do) of $3.12, and its dividend is expected to grow ata constant rate (g) of 6.5% per year. if the required (rs) on Super's stock is 16.25%, what is the intrinsic value of Super's shares?

  What will next years net income be and assets be

The firm earned $7,000 in sales last year while selling 20,000 units. Net Income that same year was $850. At the end of that same year, the Balance Sheet reflected $11,000 in total assets, having $3,500 in debt and $7,500 in equity accounts. What are..

  Price and yield and expected interest rate

An 6% semi-annual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 6.9105%. What is the bond's price? Round your answer to the nearest cent. What is the bond's YTM?

  Minimum and maximum purchase prices for target company

Acquiring Company is considering buying target Company. Target Company is a small biotechnology firm that develops products licensed to the major pharmaceutical firms. Development costs are expected to generate negative cash flows during the first tw..

  What will next years earning be

The newspaper reported last week that Bennington Enterprises earned $34.02 million this year. The report also stated that the firm’s return on equity is 14 percent. Bennington retains 70 percent of its earnings. What will next year's earning be?

  What approximate discount rate

At what approximate discount rate would $10,000 received in 5 years be worth $5,000 today? How many years would you need to receive $1,000 to be worth $10,000 today assuming a 5% discount rate? If you place $10 into a savings account and you know it ..

  What complications do class action suits present when

case analyses select two court cases from different chapters from the list below and respond in writing to the case

  1 eleanor needs 40000 a year to live on in retirement net

1. eleanor needs 40000 a year to live on in retirement net of the income she will receive. she will be retiring in 22

  Preparing financial statements handout

Preparing Financial Statements Handout - The May 31, 20XX, post-closing trial balance for the L&L Accounting Firm appears

  1 assume that you were a manager of a large department in a

1. assume that you were a manager of a large department in a company and you received a request from your supervisors

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