1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brilliant_brown [7]
3 years ago
13

Fill in the missing numbers for the following income statement. (Input all amounts as positive values. Do not round intermediate

calculations.)
Sales Costs Depreciation EBIT Taxes (22%) Net income 747,300 582,600 89,300
a. Calculate the OCF. (Do not round intermediate calculations.)
b. What is the depreciation tax shield? (Do not round intermediate calculations.)
a. OCF
b. Depreciation tax shield
Business
1 answer:
Strike441 [17]3 years ago
5 0

Answer: See explanation

Explanation:

Sales = 747300

Less: Costs = 582600

Less: Depreciation = 89300

EBIT = 75400

Less: Taxes at 22% = 22% × 75400 = 16588

Net income = EBIT - Taxes = 75400 - 16588 = 58812

a. Calculate the OCF.

OCF will be calculated as:

= Net income + Depreciation

= 58812 + 89300

= 148,112

b. What is the depreciation tax shield?

Depreciation tax shield will be:

= Depreciation × Tax rate

= 89300 × 22%

= 89300 × 0.22

= 19646

You might be interested in
Assume that, at the end of 1999 (1998), Pfizer reported that replacement cost (equivalent to FIFO) for its inventories that are
KonstantinChe [14]

Answer:

We expect that the Pfizer has revealed $100 Million as benefit before charge utilizing LIFO strategy for bookkeeping.  

After difference in stock valuation from LIFO to FIFO benefit before expense would be $115 Million. Increment in stock will diminish cost of merchandise sold and consequently benefit will increment to that surviving.  

We have expected before announced benefit $100 Million  

Include: Reduction in cost of merchandise sold $15 Million  

Modified benefit $115 Million  

Core advantage of the FIFO over LIFO is that the stock get esteemed shutting to current rate. In LIFO edges are get lower because of utilization of old costs. Under LIFO stock detailed at lower esteem coming about lower revealing of benefit. This defects in stock valuation get amended in FIFO technique for valuation.  

Under FIFO stock record is lower when contrasted with LIFO.

5 0
3 years ago
How to Write a resume for a job at a bank as a assistant?
vagabundo [1.1K]

Answer:

First pick a format try to make it orginazed as possible to amke sure they are inpressed also make sure to on task tell them stright foward why you would be great for that job then you might need to revise it many times the better your gardes are the more chances they take you. Math grades and the school you went to would be great too.

Explanation:

3 0
3 years ago
A.j. is applying for a new job with a large company. as part of the application process,
alukav5142 [94]
The appropriate response is Minnesota Multiphasic Personality Inventory. It is an institutionalized psychometric trial of grown-up identity and psychopathology. Analysts and other psychological wellness experts utilize different variants of the MMPI to help create treatment arranges; help with the differential conclusion; help answer legitimate inquiries; screen work hopefuls amid the faculty determination handle; or as a component of a restorative evaluation system.
8 0
3 years ago
Plz helpi u help me i will mark brainliest
Alexandra [31]

Answer:

whats the question

Explanation:

also mark brainliest

6 0
3 years ago
Read 2 more answers
Garfield Personal Training Services is owned by Ga Garfield Gina provides personal training and coaching to individuals or small
ella [17]

The development of Zumba is considered a <u>service-level</u> activity Garfield.

Service Level activities are those activities that are necessary to provide a service to the customer. In this case, the service is offering Zumba classes in the group training room. This activity involves learning the Zumba steps, finding music, and scheduling classes.

All of these activities are necessary to provide the service and therefore, are considered service-level activities for Garfield Personal Training Services.

Therefore the correct answer is C) Service Level.

For more questions like Zumba classes click the link below:

brainly.com/question/14251451

#SPJ4

8 0
1 year ago
Other questions:
  • As a business person planning to open a new small business, you know that the business plan should not contain
    13·1 answer
  • Pease help ASAP
    9·2 answers
  • Alpha Company used the periodic inventory system for purchase &amp; sales of merchandise. Discount terms for both purchase &amp;
    13·2 answers
  • What is a difference between renters and homeowners insurance?
    14·2 answers
  • Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives.
    5·1 answer
  • Jay received the following fair market value amounts during the current year: Interest on Montgomery County bonds (used to build
    8·1 answer
  • Who going to let me hold a iphone charger ? my iphone about to die
    10·1 answer
  • Wayne is planning to sell the twenty-room apartment building he bought fifteen years ago, for which he paid $759,000. The real e
    5·2 answers
  • Suppose a company is financed with $20 million of equity and $60 million of debt. That is, the company obtained $20 million from
    9·1 answer
  • FRREEEEEEEEE BRAINLIEST
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!