Gia, Inc., has sales of $678,000, costs of $340,000, depreciation expense of $84,000, interest expense of $52,000, and a tax rat
Paladinen [302]
Answer:
$118,580
Explanation:
Sales. $678,000
Less: cost of goods sold ($340,000)
Less : Depreciation exp ($84,000)
Gross profit. $254,000
Less: interest expense ($52,000)
Net income before taxes $202,000
Less: Tax rate 21% ($42,420)
Net income. $159,580
Less: dividends. ($41,000)
Retained earnings. $118,580
Answer:
<em>Year 2023 2022 2021</em>
<em>Net income/sales ratio 13.8% 8.5% 8.3%</em>
Explanation: The net income to sales ratio is computed as net income divided by sales multiplied by 100
<em>Year 2023 2022 2021</em>
% % %
Sales revenue 100 100 100
Less cost of goods sold (<u>60.6) (62.9) (63.7)</u>
Gross profit <em> 39.4 37.1 36.3</em>
Less Operating expenses <u>(25.6) (28.6 (28)</u>
Net Income <u> 13.8 8.5 8.3</u>
Net income to sales = (Net income / sales) × 100
= 13.8/100 8.5/100 8.3/100
<em>Net income/sales 13.8% 8.5% 8.3%</em>
Answer:
6.12%
Explanation:
Calculation for How does our decision depend on the interest rate at which we can invest our funds
Present value = 6000-3060
Present value = 2940
Future value = Present value+Present Value*Numver of month* Rate of interest/ 100
3000 = 2940+2940*4/12*R/100
60 = 2940*4/12*R/100
60*12/4 = 2940*R/100
180 = 2940*R/100
180/2940 = R/100
0.061224 = R/100
Rate = 6.1224
Therefore How does our decision depend on the interest rate at which we can invest our funds is 6.1224
Super market are big but hypermarket is much bigger and it offers big ticket items such as appliances