Depreciation charged in costing books is ? 12,500 and in financial books is 11,200. What will be the financial profit when costing profit is ? 5,000? A 5,000 B. १3,700 ८ १6,300 D. None of the above

Depreciation charged in costing books is ? 12,500 and in financial books is 11,200. What will be the financial profit when costing profit is ? 5,000? A 5,000 B. १3,700 ८ १6,300 D. None of the above

Name: Depreciation charged in costing books is 7 12,500 and in financial bo
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: Depreciation charged in costing books is 7 12,500 and in financial books is ? 11,200. What willbe the financial profit when costing profit is ? 5,000?A 5,000B. १3,700८ १6,300D. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $67,000; costs = $34,500; addition to retained earnings = $8,300; dividends paid = $2,320; interest expense = $2,650; tax rate = 21 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) What is the depreciation expense?
Barre Dance has sales of $30,600, costs of $15,350, addition to retained earnings of $4,221, dividends paid of $469, interest expense of $1,300, and a tax rate of 21 percent. What is the amount of the depreciation expense?. If you can't do with explanation pls skip and also dont do handwritten..
Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is 100,000. Interest Expense is 75,000. What is Net Income?
An economic analysis is being performed in real (not actual) dollars. The company’s combined MARR is 10%, and the inflation rate is 4%. The asset has a first cost of $10,000. It will be depreciated as MACRS 3-year property using rates of 33.33%, 44.45%, 14.81%, and 7.41%. What depreciation amount will be shown in year 3 of the analysis?
Sales are 5,750,000. COGS are 4,850,000. SG&A Overhead is 400,000. Depreciation is 84,000. Interest Expense is 48,000. What is the amount of Taxable Income?
You are given the following information for Oceans of Fun.: sales = $74, 020; costs = $34, 980; addition to retained earnings 59,540; dividends paid $7,800; interest expense $2, 580; tax rate = 21 percent. Calculate the depreciation expense. (Do not round intermediate calculations.)
Jannah Company has sales of P1,000,000, cost of goods sold ofP700,000, depreciation expenses of P250,000 and interest expenses ofP55,000. If Jannah’s tax rate is 34% and the income statement iscomplete, what is Jannah's operating cash flow? A. P283,000B. P246,700C. P33,000D. P300,000
1. LaLa Land has sales of $687,000 with total other costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. What is the net income?
TJ Industries has revenue of $400,000 and expenses of $250,000. The depreciation cost is $80,000 and marginal tax rate is 35%. Calculate cash flow from operation. Group of answer choices a.$150,000 b.$45,500 c.$125, 500 d.$135,000
A fixed asset with a cost of 30,000 in accumulated depreciation of 28,500 is sold for 3500 what is the amount of the gain and or the loss and disposal of the fixed asset?
Alpha limited has the following events for the current year . Revenues $10,000 Cost of goods sold $3,50,000 Depreciation $400,000 Interest paid $1,50,000 Calculate the net profit and select the correct amount from below .Assume that none of the relevant transactions are based on credit . a)$1,000,000 b)$ 900,000 c) $500,000 d) 250,000
Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $85,901; costs = $57,550; addition to retained earnings = $180; dividends paid = $197; interest expense = $207; tax rate = 32 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)