The net income of Cookies by casey is $123,240
What is net income?
The net income of the company is the excess of its sales revenue over all costs of the running the business, which includes, the costs of sale, interest expense, depreciation as well as the taxes payable to the government authority which is 21% of profits before tax in this case.
Profit before tax=sales-costs of sale-depreciation-interest expense
sales=$487,000
costs of sale=$263,000
depreciation=$42,000
interest expense=$26,000
profit before tax=$487,000-$263,000-$42,000-$26,000
profit before tax=$156,000
tax rate=21%
net income=profit before tax*(1-tax rate)
net income=$156,000*(1-21%)
net income=$123,240
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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.
Answer:
I'm so sorry but I do not know the answer to these kind of a question : )
Answer:
The internal growth rate is 4.36%
Explanation:
net income = 8.3%*386,400
= $32,071.20
net working capital = current assets – current liabilities
current assets – 37200 = 16700
= $53,900
total assets = current assets + net fixed assets
= 53,900 + 391,500
= 445,400
Then:
ROA = 53,900/445400
= 0.072005
b = 1 - 48% = 0.52
internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)
= 0.041763/0.958237
= 4.36%
Therefore, The internal growth rate is 4.36%
According to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is <u>recognizing the need for change</u>.
<h3>What are the steps of the change process?</h3>
The change process involves the following steps:
- Diagnosing the problem
- Assessing the motivation or need and capacity for change
- Assessing the resources and motivation of the change agent
- Establishing change objectives and strategies
- Determining the role of the change agent
- Implementing the changes.
Thus, according to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is <u>recognizing the need for change</u>.
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