a. What is net income for 2018?
Q: determine the net income
A: To determine the Net income of the business. We have to prepare Income Statements to determine the…
Q: 1. What is the total effect of the errors on the 2020 net income?
A: As per our protocol we provide solution to the one question only but you have asked three multiple…
Q: How do I determine net income
A: Net Income/Loss earned during a particular period is computed by drawing the statement of Income for…
Q: WHAT IS THE TOTAL COMPREHENSIVE INCOME
A: Incomes routed through profit and loss are shown pretax and at the end the income tax is reduced…
Q: How would I determine January's net income?
A: An income statement is a financial statement used for reporting the financial performance of the…
Q: find the trend analysis of this income statment and balance sheet
A: Trend analysis is a financial analysis approach that is used to illustrate the trend of things with…
Q: how do you calculate the net income
A: Revenues: Revenues are earnings from operations of a business. The operating activities are sale of…
Q: What is calculation of before Tax (Equity) Cash Flow? Please provide example.
A: The cash flow, which is generated by an investment after deducting all payments of all expenses from…
Q: What is the amount of income tax payable for 2019?
A: Income tax is a form of direct tax which is to be paid by the individual on income earned during the…
Q: What is the basic equation underlying the income statement?
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What are the Profitability Ratios for the periods 2019,2020 and 2021? What is it's Financial…
A: Profit margin on Sales = Net Income / Sales Earning Power ratio = EBIT / Total Assets Return on…
Q: income statement show
A: Income statement is a part of financial statements.
Q: The numerator of the return on total assets is a. net income b. net income plus tax expense c.…
A: Return on Total Assets = Net Income + Interest Expenses (1-Tax Rate) / Average Total Assets
Q: The unadjusted net income for the year 2019 is?
A: Net income before any adjustment is known as unadjusted income. Any expense or revenue which is not…
Q: Prepare a multiple income statement fro 2019
A: Multiple-step income statement shows net income of the company.
Q: Why is the net income .90
A: Lets understand the basics. Cashflow statement are divided into three type of activities which are,…
Q: 1. What is the correct net income for the year 2021? 2. What is the correct net income for the year…
A: 1. As it is mentioned in the question that Year End Inventory is understated by 25000 for the year…
Q: What is net income ? 2015 and 2016?
A: Net income is the amount of profit/loss generated by the firm in a particular year from core…
Q: Define Accrued income taxes.
A: Income Tax Expenses: The expenses which are related to the taxable income of the individuals and…
Q: Calculate the EBIT. EBIT Calculate the net income. Net income
A: EBIT: Earnings before interest and taxes show the indication of the profitability for the…
Q: how much borrowing cost should be capitalized by ISKOLAR in 2021?
A: Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing…
Q: Definition of income measurement?
A: The income statement is one of the financial statement of the business.
Q: What is the net income What is the total comprehensive income/loss?
A: Comprehensive Income has all increases in equity over a lifetime, with the exception of those…
Q: How much is the Gross Profit/Loss Realized in 2019?
A: Gross Profit realized in 2019 (end of the contract)= Revenue - Cost incurred till date
Q: Net income *?
A: Looking the bottom line of the income statement, net income = P650000
Q: How do you determine net income applying the accrual accounting model?
A: Accrual Accounting Model:This method is a widely used basis of accounting that suggests the timing…
Q: What is the amount of Maurice's net investment income tax for 2021?
A: As per section 1411 of the Internal revenue code a single filer is liable to pay net investment…
Q: Required: What is the projected 2017 net income?
A: Retained earnings can be defined as that part of earnings which a company does not use for the…
Q: What is the adjusted net income/loss in 2021? For net loss please put minus sign before the amount…
A: The net income for 2018, 2019 & 2020 has been provided. So the adjusted income/loss of the said…
Q: What is the projected net income?
A: A budget can be defined as a quantitative statement developed to ascertain the funds required…
Q: How do I create an After tax Cash Flow Analysis? Use rounded answers for subsequent calculations
A: Net present value is the difference between present value of cash inflows and present value of cash…
Q: e total comprehensive income for the 2020?
A: Total Comprehensive income means change in equity due to income and expenses held during the year.…
Q: What is the unadjust
A: After audit certain item related to income and expenditure left to be adjusted in the books of…
Q: What is the net income
A: Income refers to the revenue which is received by the business when goods and services are sold or…
Q: What is the net income?
A: Cost accounting means where every cost of doing business is recorded in necessary account and cost…
Q: What is the tabular approach for finding the net income?
A: Net Income is the profit calculated after deducting all the expenses and paying off all the…
Q: Net Profit Margin Ratio
A: Net profit margin = Net income * 100/Revenue
Q: What is the Gross Profit Rate in 2019?
A: Gross profit rate = Gross profit/Revenue
Q: (Profitability Ratio) What is the Return on Investment Ratio in 2019?
A: Profitability Ratio: This ratio has measured the effectiveness of the firm through analysis of the…
Q: Define net income.
A: Definition: Earnings: The bottom line of an income statement which is the result of excess…
Q: How is net income calculated? Define revenues and expenses?
A: Formula to calculate net income :Net income = Sales revenue + Interest revenue - (Total expenses +…
Q: How do you calculate net income if retained earning and dividend is given?
A: Net Income = Ending retained earnings - Beginning retained earnings + Dividend
Q: TOTAL NON CURRENT ASSETS
A: Non current assets are assets, the benefits from which extend over a time period of more than one…
Q: 1. Ratio Analysis -
A:
Q: How much is the income tax payable in 2023?
A: Some important points relating to the solution: (a) For a domestic corporation with a profit below…
Q: what is net income ?
A: Net income is the profit after tax where the profit is the net profit after interest and…
Q: Compute for the Accrual advertising expense in 2018
A: Advertising expense in 2018:
Q: How much is the net income in 2021?
A: Net income refers to the income amount or value which is earned through the business or entity…
Q: What is the formula used to get the answers in interest expense and net income?
A: The interest expense is the amount a borrower has to pay against the amount borrowed. It is…
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- The comparative balance sheet of Prime Sports Gear, Inc., at December 31, the end of the fiscal year, is as follows: Additional data obtained from the records of Prime Sports Gear are as follows: a. Net income for 2013 was 121,610. b. Depreciation reported on income statement for 2013 was 46,500. c. Purchased 165,000 of new equipment, putting 90,000 cash down and issuing 75,000 of bonds for the balance. d. Old equipment originally costing 19,500, with accumulated depreciation of 7,950, was sold for 8,000. e. Retired 60,000 of bonds. f. Declared cash dividends of 64,000. g. Issued 1,500 shares of common stock at 27 cash per share. You have been asked to prepare a statement of cash flows for Prime Sports Gear for 2013. Review the worksheet called CASHFLOW that has been provided to assist you in preparing the statement. The worksheet has been designed so that as you make entries in columns D and F, column G will be automatically updated. For example, FORMULA1 should be entered as =B17+D17F17. Columns C and E are to be used to enter letter references for each of the debit and credit entries on the worksheet.Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.
- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyCardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate for 2018 was 22 percent. a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d-1. If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) d-2. If no new debt was issued during the year, what is the cash flow…Martinez Industries had the following operating results for 2021: Sales = $33,308; Cost of goods sold = $23,722; Depreciation expense = $5,897; Interest expense = $2,660; Dividends paid = $1,906. At the beginning of the year, net fixed assets were $19,840, current assets were $6,984, and current liabilities were $3,932. At the end of the year, net fixed assets were $24,412, current assets were $8,624, and current liabilities were $4,583. The tax rate for 2021 was 22 percent. a. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. If no new debt…
- Martinez Industries had the following operating results for 2021: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate was 22 percent. a. What is net income for 2021? b. What is the operating cash flow for 2021? ( c. What is the cash flow from assets for 2021? d-1. If no new debt was issued during the year, what is the cash flow to creditors? ( d-2. If no new debt was issued during the year, what is the cash flow to stockholders?Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods sold = $37,430; depreciation expense = $5,830; interest expense = $1,325; dividends paid = $2,820. At the beginning of the year, net fixed assets were $33,200, current assets were $8,300, and current liabilities were $5,553. At the end of the year, net fixed assets were $42,820, current assets were $9,395, and current liabilities were $5,870. The tax rate was 24 percent. a. What was net income for 2020? (Do not round intermediate calculations.) b. What was the operating cash flow for 2020? (Do not round intermediate calculations.) c. What was the cash flow from assets for 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) d-1. If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) d-2. If no new debt was issued during the year, what was the cash flow to…In 2018, Martinez Corporation reported net sales of $232,900, cost of goods sold of $139,700, operating expenses of $45,500, and income tax expense of $21,600. In 2017, it reported net sales of $213,000, cost of goods sold of $103,700, operating expenses of $39,000, other revenues of $10,300, and income tax expense of $13,700. Calculate the gross profit and net income for each year.