Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…
A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000
Q: Assume that the Bubba Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost of…
A: Gross profit: It can be defined as the excess of a company's sales revenue over the cost of goods…
Q: Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of…
A: The formula to compute operating cash flow as follows:
Q: A company has $600,000 in Sales, $400,000 in Costs, and $100,000 in Depreciation expenses. If the…
A: Operating cash flow can be calculated as revenues less costs after taking effect of taxes.
Q: Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is…
A: Formula used: Operating cash flow = Net income + Depreciation. Sum of both net income and…
Q: Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is…
A: Operating cash flow of the business means income generated from the operations of the business but…
Q: Amalgamated Industries has Sales of 3,000, COGS of 1,000, and EBIT of 1,200. If Depreciation is 300,…
A: Here; We have Sales of $3,000 COGS of 1,000 EBIT of 1,200 Depreciation expense is 300 Interest…
Q: Coolidge Cola is forecasting the following income statement: Sales…
A: The net cash flow of a company can be calculated by adjusting the cash inflows and cash outflows of…
Q: Sales revenue for XYZ Company is $1,000,000. The cost of goods sold is $450,000 and the operating…
A: Thus, the net operating income is $300,000.
Q: Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of…
A: Operating cash flow means net income of the business after excluding the effect of non cash expenses…
Q: Sales are 150,000. COGS are 100,000. SG&A Overhead is 20,000. Depreciation is 15,000. Interest…
A: Free cash flows refer to the cash flow surplus remaining with the entity after meeting all the…
Q: RJ Garcia Sound had sales of P600,000 and sales returns of P80,000. Cost of goods sold was P320,000…
A: Gross profit is an excess of revenue over the cost of goods sold. It indicates the profit before…
Q: Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are RO…
A: Gross profit = Sales revenue - Cost of goods sold Net profit = Gross profit - Operating expenses
Q: Now suppose a firm has the following information: $7 million insales, $4 million of costs of goods…
A: SALE = 7,000,000COST OF GOODS SOLD = 4,000,000OTHER EXPENSES = 500,000
Q: Consider the following information for Belle Corp. Selling and Administrative Expenses 50,000.00;…
A: An operating profit is defined as the total income of the company from their business functions at a…
Q: In a period, sales are $140,000, purchases $75,000 and other expenses $25,000. What is the figure…
A: Net profit = Total sales - Total expenses
Q: Tulip Company provided the following information for the current year: Sales 9,500,000 250,000…
A:
Q: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…
A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…
Q: The operating income for TRX Inc. is $100 million. If the cost of goods is $30 million, SGA expenses…
A: Sales revenue is revenue generated without any expenses. It is sales revenue without any expenses…
Q: During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of…
A: Formulas: Asset turnover: =Sales / Average capital assets ROI: =Margin * Asset Turnover
Q: Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is…
A: Net Income: Net income means net profit or net earnings, It is an amount that an individual or an…
Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…
A: Note: Since you have written Question B, I solved only Question B which is in the next step. Return…
Q: Prepare an income statement if your company’s gross sales is P300,000, with operating expenses of…
A: The income statement is prepared to record the revenues and expenses of the current period.
Q: If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and…
A: Gross profit = Sales - cost of sales = OMR 90,000 - OMR 65,000 = OMR 25,000
Q: In a business with an asset turnover rate of 2, the return on assets rate is 30% and the net profit…
A: Net sales refer to the amount of goods sold and services provided by the business less discounts…
Q: Deton pen Manufacturers sales= $980,000 cost of goods sold represented 64 percent of sales.…
A: Net income of an firm can be calculated by subtracting the cost of goods sold and other expenses…
Q: Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of…
A: The formula to compute operating cash flow as follows:
Q: Foraker Inc. has sales of $46,200, costs of $23,100, depreciation expense of $2200, and interest…
A: Sales = $46,200 Costs = $23,100 Depreciation = $2,200 Interest expense = $1700 Tax rate = 22%
Q: Precision System had sales of $820,000, cost of goods of $510,000, selling and administrative…
A: Income statement of income and expenses and operating profit is also called as EBIT
Q: During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of…
A: Sales margin Formula = Income earned/Total sales
Q: Edmonds Industries is forecasting the following income statement: Sales $10,000,000 Operating costs…
A: Before that, the calculations are as follows - New operating costs (excluding depreciation and…
Q: The revenue is $40,000, the cost of goods sold is $26,000, the selling, general and administrative…
A: Earnings before tax(EBT) measures a companies profitability before income taxes are factored.
Q: During the current year, Sokowski Manufacturing earned income of $206,500 from total sales of…
A: Asset turnover = Sales / Average capital assets ROI = Margin * Turnover
Q: Discuss the materiality concept. Is the dollar amount that is material the same for a company that…
A: Materiality concept: The accounting concept which focusses that all the financial items and figures…
Q: Consider the following information for Ball Corp. Selling and administrative expense Depreciation…
A: operating profit is the profit of the firm from its core operating business. given, sales = 350,000…
Q: What is the Profit Margin for Stevenson Corporation, given the following info: Invested Assets =…
A: Profit margin refers to the income earned by the company from the sale of goods and services after…
Q: Sales are 150,000. COGS are 100,000. SG&A Overhead is 20,000. Depreciation is 15,000. Interest…
A: The formula to calculate free cash flow is FCFF = NOPAT + D&A – CAPEX – Δ Net WC NOPAT = Net…
Q: Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was…
A: BEP is calculated as the ratio of Earnings Before Interest and Taxes to Total Assets
Q: A. Based on this information, calculate asset turnover. If required, round your answer to two…
A: A) Asset turnover = Sales/Average capital assets = $5,520,000/$12,000,000 = 0.46 times
Q: Edmonds Industries is forecasting the following income statement: Sales $10,000,000 Operating costs…
A: Forecast of sales value by taking the following points into account: Desired Net Income $2100000…
Q: Brad Gravel Pitt Company has sales of $495,000 and cost of goods sold of $302,000. Selling and…
A: Gross profit is the excess of sales over the cost of goods sold. It shows the profit earned by the…
Q: A. Based on this information, calculate asset turnover. If required, round your answer to two…
A: Asset Turnover Ratio = Net Sales/Average capital assets*100
Q: Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of…
A: Operating cash flow = profit after tax /net income + depreciation - taxes
Q: Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of…
A: Operating cash inflow = [ Sales - Cost of goods sold - Depreciation ] * ( 1 - Tax rate ) +…
What is the Operating Profit?
Example:
Sales are $2,500,000. Cost of goods sold is $1,710,000 and Administrative expenses are 10%.
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- During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. B. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%
- During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?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.Local Co. has sales of $10.7 million and cost of sales of $6.4 million. Its selling, general and administrative expenses are $450,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.2 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $330,000, how would that affect each of its margins? e. If Local Co.had interest expense of $770,000, how would that affect each of its margins? a. What is Local's gross margin? Local's gross margin is enter your response here %. (Round to one decimal place.) Part 3 b. What is Local's operating margin? Local's operating margin is enter your response here %. (Round to one decimal place.) Part 5 c. What is Local's net profit margin? Part 6 Local's net profit margin is enter your response here %. (Round to two decimal places.) d. If Local Co. had an increase in…
- Local Co. has sales of $10.3 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $460000 and its research and development is $1.1 million. It has annual depreciation charges of $1.1 million and a tax rate of 25% . a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $270000, how would that affect each of its margins?Now suppose a firm has the following information: $7 million insales, $4 million of costs of goods sold excluding depreciation andamortization, and $500,000 of other operating expenses. What isits EBITDA? ($2.5 million)Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general andadministrative expenses are $550,000 and its research and development is $1.1 million. It has annualdepreciation charges of $1.5 million and a tax rate of 25%. What is Local's net profit margin?
- Local Co. has sales of $10.9 million and cost of sales of $5.9 million. Its selling, general and administrative expenses are $500,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.4 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is _____%.A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:Grandy productions reported the following items for the current year sales 15,250,000; cost of goods 8750,000; depreciation expense 335,000; taxes925,000 administrative expenses; 275,000 interest, expenses; 97,500 and marketing expenses 385,000. What is grandes operating income?
