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nikklg [1K]
3 years ago
15

During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and selling expenses, and depreciat

ion expenses were $610,000, $110,000, and $140,000, respectively. in addition, the company had an interest expense of $85,000 and a tax rate of 35 percent. (ignore any tax loss carryback or carryforward provisions.)
a. what is raines's net income (loss) for 2010? (input the amount as a positive value.) $
b. what is its operating cash flow?
Business
1 answer:
I am Lyosha [343]3 years ago
4 0
To calculate: 
1) Net income (loss) for 2010.
 2) Operating cash flow 
 Solution: 1)
 Sales = $850000
 Less: Cost of goods sold = $610000
  Gross profit = $240000
 Less: Administrative and selling expenses = $110000 
 Earning before Interest, Tax and Depreciation = $130000
 Less: Depreciation = $140000
  Earning before Interest and Tax (EBIT) = ($10000)
 Less: Interest expense = $85000
  Earning before tax (EBT) = ($95000)
 Less: Tax = $0 (as company is having negative EBT or loss hence no tax)

 
 Net loss = $95000  
 2) Operating cash flow 
 EBIT + Depreciation - Tax 
 Wherein, EBIT = Earning before Interest and Tax
  ($10000) + 140000 - 0 = $130000
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<h3>What is probability?</h3>

Probability refers to the chance that an outcome occurs given the possibility of many outcomes.

As a measure, probability represents the ratio of the outcomes from a set of equally likely outcomes.

<h3>Data and Calculations:</h3>

Estimated proportion of students dressed inappropriately = 7%

Number of players for a football game = 22 (11 x 2)

Probability that the first one dressed inappropriately will be the 10th = 0.031818 (0.07 x 10/22).

Thus, the probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.

Learn more about probability at brainly.com/question/13604758

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2 years ago
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d. 96,000

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b. showrooming

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Explanation:

Present value is the sum of discounted cash flows

Present value can be found using a financial calculator

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Cash flow in year 2 =  $20,000

Cash flow in year 3 = $480,000

Cash flow in year 4 = $450,000

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I = 9%

Present value = $1,155,478

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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