Determine the operating profit after tax

Assignment Help Accounting Basics
Reference no: EM133150932

Question - The financial information for Ski plc for the year ended 31 December 2021 is as follows.

Sales 13,585

Operating profit after tax 933

Operating assets 15,825

Operating liabilities 5,331

Assume that the operating profit margin and asset turnover will remain at the 2021 level. Assume that sales will grow by 2% in 2022.

Required - Apply simple forecasting methods to determine the operating profit after tax for 2022. Give your answer rounded to the nearest whole number.

Reference no: EM133150932

Questions Cloud

Pooled-queue systems and separate-queue systems : Why are there economies of scale in queuing systems? What are the pros and cons of pooled-queue systems and separate-queue systems?
What kinds of businesses seek out venture capitalists : Venture capitalists are individuals or groups of people that help new businesses to get started. What kinds of businesses seek out venture capitalists
How much will the stock for khan construction change : Khan Construction has a 1.25 beta. If the overall stock market increases by 8 percent, how much will the stock for Khan Construction change
Social justice in contemporary australian education : Reflects an issue of exclusion/inclusion and social justice in contemporary Australian education we have been discussing in this unit
Determine the operating profit after tax : Apply simple forecasting methods to determine the operating profit after tax for 2022. Give your answer rounded to the nearest whole number
Process of determining breakeven point for business : Explain the process of determining the breakeven point for a business. Estimate variable costs per batch of cookies, identifying all variable costs.
Prepare journal entry for Hip Hop Shirt Retailers on March : Hip Hop Shirt Retailers paid $22,700 for the 1,000 shirts from Great Shirt Wholesalers on March 23, 2018. Prepare journal entry for Hip Hop Shirt Retailers
Describe return management process : Describe the return management process in the service market and the business market.
What amount of gain or loss does Carlos recognize : Tiffany will receive $220,400 in the liquidation and Carlos will receive the land and building plus $55,100. What amount of gain or loss does Carlos recognize

Reviews

Write a Review

Accounting Basics Questions & Answers

  How many units must be sold under the new proposal

If the company wants to earn an after tax income of $201,600, how many units must be sold under the new proposal

  Evaluate and discuss the comparative forms

Evaluate and discuss the comparative forms of doing business and discuss the pros and cons of each, explaining your rationale in detail. Which form would you use? Why?

  How to determine stock prices are affected

How to Determine whether stock prices are affected more by long-term or short-term performance. Provide an example of the effect that supports your claim.

  How much is bad debt expense will carl collectibles report

Carl's Collectible computes a total of $8,120 in estimated losses as of December 31, 2021. How much is bad debt expense will Carl Collectibles report

  Compute the net income for johnson inc

An analysis of Johnson, Inc. Equipment of P20,000 was donated by shareholders during the year. Compute the net income for 2017.

  Operation and maintenance is the longest and costliest

Operation and maintenance is the longest and costliest part of the SDLC. Explain why this is true.

  What proceeds does Shelly Katz receive

On May 20, Shelly discounted the note at Roseville Bank at 8%. (Use Days in a year table.) What proceeds does Shelly Katz receive

  What is total advertising expense allocated to department c

Pepper Department store allocates its service department expenses to its various operating. What is the total advertising expense allocated to Department C?

  Distinguish between traditional and strategic selling

Distinguish between traditional, personal, and strategic selling. Create a strategic sales plan. Apply customer service skills before, during, and after a sale

  Calculate yearly net cash flow BFIT for this investment

Your working interest is 100%. Your net revenue interest is 75%. Calculate yearly net cash flow BFIT for this investment

  What is the weighted average number of shares

A company has 10,000 shares outstanding from 1/1 to 3/31, and 14,000 shares outstanding from 4/1 to 12/31. What is the weighted average number of shares used.

  Determien how might a financial statement reader detect

Determien How might a financial statement reader detect such behavior? In addition, provide an example to prove how the equity method may result in manipulation

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