What is the net income for this firm

Assignment Help Finance Basics

Reference no: EM133557637

Elias Corporation, has sales of $326,500, cost of sales of $158,000, depreciation expense of $26,000, and a tax rate of 30 percent. The company also carries $250,000 of debt and paid 5% interest on the loan for the year. What is the net income for this firm? If the firm decides to distribute 60% of the firm's net income as dividends, what is the addition to retained earnings for that year?

Reference no: EM133557637

Questions Cloud

Calculate this years cost to your company : Calculate this years cost to your company of hedging your policy risk by buying reinsurance. Be sure to ROUNDDOWN the number of units you will need to buy

Create certain constraints and incentives for management : Create certain constraints and incentives for management. Where should those be reflected in the analysis

How does the film help you understand why he is struggling : How does the film help you understand why he's struggling? What questions does it leave unanswered for you? How does the history discussed in lecture 4 inform

How does burning unsold product in the fashion industry : How does burning unsold product in the fashion industry impact society from a macro-marketing perspective?

What is the net income for this firm : What is the net income for this firm? If the firm decides to distribute 60% of the firm's net income as dividends, what is the addition to retained earnings

How should a company manage pay in light of laws : How should a company manage pay in light of laws and regulations?

How does nike monitor their suppliers to sustainability : How does Nike monitor their suppliers to ensure sustainability and worker rights?

What is its role in the well-being ofthe philippines : Discuss the role each of the participants ni the financial system play and What is BSP? What is its role in the well-being ofthe Philippines?

Draw a chart using debt level : Draw a chart using debt level (D) against rE and WACC to support the discussion of MM proposition I and II. (Paste the chart in appendix.)

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

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

User Account

All Pages