Compute the income after income tax given the following: Net Sales of 100,00,00.00; Marketing Expense of 5,000,000.00; Tax Rate of 30%. Based on the latest income statement, revenue is 500,000,000.00; COGS is 400,000,000.00 and operating expense amounted to 40,000,000.00. Income after income tax is _____.

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $12,000,…

A: Revenue = 130,000 Expenses = 32000 Depreciation = 12000 Tax Rate = 23%

Q: Little Books, Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax…

A: Calculation of interest expenses:Given, tax rate is 40% then, Net income will be 60%Net income is…

Q: For the year ended December 31, Southern Supply had net sales of $3,875,000, costs and other…

A: Since multiple questions are posted, as per guidelines only the first question is answered…

Q: Compute the pretax profit (income before income taxes) if the net income is $140,000 and the income…

A: Net income = $140,000 Income tax rate = 0.30 or 30% Pretax profit = ?   Pretax profit is the profit…

Q: Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000,…

A: Earnings before interest and taxes: Earnings before interest, depreciation and taxes are the…

Q: a company reported a sale revenue for $700000. the gross profit margin is 60% and the selling…

A: The income statement is one of the essential parts of the financial statement used for reporting the…

Q: Suppose Ningbo Steel has sales revenue of $11,000 sales revenue, cost of goods sold off $5000,…

A: Given information : sales revenue = $11,000 cost of goods sold = $5000 operating expenses = $1000…

Q: National Company's net income last year was P65,000 and its interest expense was P15,000. Total…

A: Return on Total Asset (ROA) reflects the how well the company is earning from its Total Assets.The…

Q: The Company reported post-tax profit of P491,400 for the year ended December 31, 2020.Cost of goods…

A: Profit before tax = post-tax profit / (1 - tax rate) = P491,400 / (1 - 0.30) = P702,000

Q: Molteni Motors Inc. recently reported $6 million of net income. Its EBIT was$13 million, and its tax…

A: Operating income (EBIT) is the firm’s earnings before deducting the interest and tax expenses. It is…

Q: Byron Books Inc. recently reported $18 million of net income. Its EBIT was $30.1 million, and its…

A: Here in this question, we are required to calculate the EBIT and interest expense. Earnings before…

Q: 2. Sohar Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the…

A: Income tax is a liability of every individual toupee to the government based on their taxable…

Q: Byron Books Inc. recently reported $14 million of net income. Its EBIT was $26.6 million, and its…

A: The net income of the company refers to the excess of its revenues over its expenses, interest…

Q: Grateful Enterprises had the following income before tax provision and effective annual tax rate for…

A: The tax rate for : Quarter 1 = 30% Quarter 2 = 30% Quarter 3 = 25% Cumulative Income ( Quarter ) =…

Q: Bryon Brooks Inc. recently reported 15 million of net income. Its EBIT was 20.8 million, and its tax…

A: Net Income: Net Income is calculated as sales minus cost of goods sold, selling, general and…

Q: Estimate the gross income for Bling Enterprises, which reports a CFAT of $2.5 million, $900,000 in…

A: Gross profit is the amount of profit a company generates after bearing the direct expenses of…

Q: Using the Corporated Federal Income Tax Rate (2006), calculate the federal income tax that should be…

A: The following federal income tax rate (2006) table will be used:

Q: The following information is given to you relating to the operations of PrincehallCorporation: The…

A: Income tax expense is calculated on the earnings before income after interest  The operating expense…

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $15,000,…

A: Annual Revenue = 130,000 Expenses = 32,000 Depreciation = 15,000

Q: Diamond, Inc. had the following Income Statement at the end of the year. Compute Diamond's federal…

A: Gross profit. = $ 69000 Less salaries = $31000 Less rent. = $ 2000 Less business meal With clients.…

Q: Byron Books Inc. recently reported $13 million of net income. Its EBIT was $22.1 million, and its…

A: Step 1 Earnings before interest and taxes  (EBIT) is an indicator of a company's profitability which…

Q: Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and…

A: The times interest earned ratio is calculated as ratio of earnings before interest and taxes and the…

Q: In the quarter ended 31 March 20X2, C had sales taxable outputs, net of sales tax, of $90,000 and…

A: When the sales exceeds the purchase, the excess sales tax is payable. Sales tax due can be…

Q: total sales of $340,000. And a net income after tax of $47,600. Calculate the operating margin if…

A: To calculate the operating margin we need to calculate the operating income.Operating Income is an…

Q: Abitz Corporation has the following pretax operating income in its first three quarters of 20X5. The…

A:

Q: You have the following data: The net income after tax is 42000 OMR and ncome tax is 3000 OMR and…

A: The gross profit is the difference between sales and cost of goods sold. Further net income is…

Q: Santos Company had a 40 percent tax rate. Given the following pre-tax 21) amounts, what would be the…

A: Income tax is charged on the net income of the business. The net income is the Excess of revenue…

Q: If the net income after tax of the company is P4,000,00O, starting balance of assets is P500,000 and…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: G. R. Edwin Inc. had sales of $5.88 million during the past year. The cost of goods sold amounted to…

A: Tax liability is the amount of tax that a firm/individual needs to pay to the Government on its…

Q: Duval Manufacturing recently reported the following information:Net income $600,000ROA 8%Interest…

A: Given that;Net income is $600000ROA is 8%Tax rate is 35%Interest expense is $225000

Q: Venus corp has the following income statement for the year 2020 Gross sales Sales return Sales…

A: Solution: Net income before tax = P25,000 Interest expense = P30,000 Earnings before interest and…

Q: The following information is given to you relating to the operations of PrincehallCorporation: The…

A: Formulas: Gross margin = Net sales - Cost of sales  Income from operations = Gross margin - Total…

Q: Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent):      2017…

A: Balance Sheet Formula used in the above sheet

Q: The following year-end data pertain to Adan Corporation: Earnings before interest and taxes 800,000…

A: EBIT = 800,000 Current asset = 800,000 Non current asset = 3200,000 Current liability = 400,000…

Q: Consider the following data from the financial statements of Stevenson Company, which has a tax rate…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: JBC Inc. has the following information reported by its chief accountant for the current year: Sales…

A: given information sales = $4,500,000 operating income = $505,000 total assets = $2,500,000 current…

Q: Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000;…

A: Sales = $50,250,000 Income tax = $1,744,000 Operating expenses = $10,115,000 COGS = $35,025,000…

Q: Kim Jin Woo Company reported post-tax profit of P491,400 for the year ended December 31, 2020. Cost…

A: The post tax profits is calculated after deduction of income tax expenses from net profits before…

Q: The income statement for Northeast Co. is shown below. How much is net operating profit after taxes…

A: The net income of the company refers to the excess of revenues of the company over the costs that…

Q: 2. Sohar Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the…

A: The Revenue and expenses of  company are given Required   What would be the income tax expense…

Q: Given the following information :sales R10 000 000,calculated gross profit R7 000 000 ,operating…

A: Income Statement is a summary of all revenues, gains and all expenses and losses incurred during the…

Q: Grateful Enterprises had the following income before tax provision and effective annual tax rate for…

A: Interim financial statements are those financial statements which are prepared in between two…

Q: Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax…

A: Calculation of Interest Expense:The interest expense is $1,000,000.Excel Spreadsheet:

Q: For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold…

A: Given:

Q: Holly Farms has sales of S509,600, costs of $448,150, depreciation expense of $36,100, and interest…

A: Here, Sales is $509,600 Costs is $448,150 Depreciation Expense is $36,100 Interest Paid is $12,400…

Q: Byron Books Inc. recently reported $13 million of net income. ItsEBIT was $20.8 million, and its tax…

A: Calculate the earnings before tax (EBT) as follows:

Q: Averill Products Inc. reported the following on the company's income statement in 20Y8 and 20Y9:…

A: Times interest earned ratio shows the ability of a company to meet it's interest obligation. Times…