Calculate the amount of the firms income before tax

Assignment Help Financial Management
Reference no: EM13972500

Banana Box Corporation has sales of $4004557; income tax of $430395; selling, general, and administrative expenses of $216999; depreciation of $337383; cost of goods sold of $2673891; and interest expense of $167118. Calculate the amount of the firm's income before tax.

Reference no: EM13972500

Questions Cloud

Below are three different pairs of bonds : US 10 year treasury bond yielding 1.96% (Bloomberg: USGG10) Vs. US 10 year inflation indexed treasury bond yielding -0.578 (See: http://online.wsj.com/mdc/public/page/2_3020-tips.html)
What is the amount of the firm current assets : Killer Whale, Inc. has the following balance sheet statement items: total current liabilities of $675653; net fixed and other assets of $1232100; total assets of $3457010; and long-term debt of $883585. What is the amount of the firm's current assets..
Determine the number of moles of aluminum : Determine the number of moles of aluminum in 38.8 g of Al. How many atoms are in 5.54g of F2? Here is one way to produce methan
Illustrate the break-even point has been achieved : Shock Electronics sells portable heaters for $35 per unit, and the variable cost to produce them is $22. Mr. Amps estimates that the fixed costs are $97,500. 1. Compute the break-even point in units. 2. Fill in the table (in dollars) to illustrate th..
Calculate the amount of the firms income before tax : Banana Box Corporation has sales of $4004557; income tax of $430395; selling, general, and administrative expenses of $216999; depreciation of $337383; cost of goods sold of $2673891; and interest expense of $167118. Calculate the amount of the firm'..
Financial statements of the related transactions : Illustrate the effects on the accounts and financial statements of the following related transactions of CT Diagnostic Company: a. Purchased $560,000 of merchandise from Schultz co.
What is the amount of the firms total stockholders equity : Purple Dalia, Inc. has the following balance sheet statement items: current liabilities of $765164; net fixed and other assets of $1253034; total assets of $3024509; and long-term debt of $973292. What is the amount of the firm's total stockholders' ..
Briefly explain conclusions from research for marijuana use : Briefly explain conclusions from research for marijuana use and driving. What kind of impairment from marijuana use might make driving dangerous, what do research reports from the DEA show.
What is the energy of the spring-mass system : The motion occurs in zero gravity so set the force of gravity to ZERO in your program. Also set the equilibrium position L0=0. The mass is initially motionless and displaced from equilibrium by a distance yinitial=0.2 m.

Reviews

Write a Review

Financial Management Questions & Answers

  What will the year two cash flows for this project be

You are evaluating a product for your company. You estimate the sales price of product to be $110 per unit and sales volume to be 10,100 units in year 1; 25,100 units in year 2; and 5,100 units in year 3. The project has a 3 year life.  The tax rate ..

  Each month into a savings account paying interest at rate

The Pirerras are planning to go to Europe 4 years from now and have agreed to set aside $170/month for their trip. If they deposit this money at the end of each month into a savings account paying interest at the rate of 5%/year compounded monthly, h..

  Locked into its first interpretation of statute

Should an administrative agency be locked into its first interpretation of statute? In the ruling that the Supreme Court reviewed in the case FCC vs. Fox television, did the us court of appeals for the second court reject the face reasons for its act..

  Savings account today that earns an annual interest rate

You placed $3722 in a savings account today that earns an annual interest rate of 19.72 percent compounded semi annually. How much will you have in this account at the end of five years? Assume that all interest received at the end of the period is r..

  Describe the operating cycle and the cash cycle

Explain the connection between a firm’s accounting-based profitability and its cash cycle? Describe the operating cycle and the cash cycle. What are the differences?

  Condition of the binomial distribution

Which one of the following is NOT a condition of the binomial distribution?

  Nominal annual rate of interest convertible semi-annually

A 1,000 par value 10-year bond with coupons at 4% convertible semiannually can be called on any coupon date starting at the end of year 6. The price of this bond is 900, and the bond is redeemed at par. What is the minimum yield expressed as a nomina..

  Calculate the accounting break-even point

We are evaluating a project that costs $1,120,000, has a ten-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 64,000 units per year. Calculate the accounting b..

  Workers themselves can invent labor-saving machinery

According to Smith, social harmony comes from economic exchanges in which people act.  Which one of the following is a role for government that Smith saw as essential? The division of labor tends to be greatest in less economically developed countrie..

  The balance sheet analysis highlights

Describe the major trends or observations that the income statement analysis highlights, and provide an opinion on what this means to the company. Describe the major trends or observations that the balance sheet analysis highlights, and provide an op..

  How do exchange rates impact online purchases

Research the challenges associated with payments across international borders and prepare a brief presentation (Powerpoint) or paper (Word doc)of your findings. Do most e-commerce companies conduct business internationally? How do exchange rates impa..

  What is the free cash flow from the project in year one

A new project is expected to generate $800,000 in revenues, $250,000 in cash operating expenses, and depreciation expense of $150,000 in each year of its 10-year life. The corporation's tax rate is 35%. What is the free cash flow from the project in ..

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