Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

11. Board Bagels, a small cafe in downtown Pittsburgh, had a net sales of $230,000 for the most recent fiscal year, 65% of which were eaten up by its costs. The firm had some baking equipment that cost $45,000 with a salvage value estimated at $5,000 and was being depreciated over 10 years using the straight-line method. Interest on accumulated loans amounted to $12,000 and the cafe had a net tax rate of 25%. What was it's net income?
A. $48,375
B. $17,625
C. $48,000
D. $160,500

12. Old Company paid taxes of $ 20,000 and purchased equipment worth $ 25,000 during the year that ended June 30, 2008. The firm had net income of $400,000 during the year ended June 30, 2008. After paying out $25,000 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $875,000, what was the level of retained earnings on its balance sheet on July 1, 2007?
a) $ 480,000
b) $ 520,000
c) $ 920,000
d) $ 500,000

13. Johnson Corporation has announced that its net income for the year ended June 30, 2008, is $1,000,000. The company had an EBITDA of $ 4,900,000, and its depreciation and amortization expense was equal to $1,500,000. The companyÃ?¢â?¬â?¢s tax rate is 34 percent. What is the amount of interest expense for the Corporation?
a) $ 1,590,749
b) $ 1,884, 849
c) $ 880, 659
d) $ 1,489,500

14. A market value balance sheet can provide:
a) management with a more exact statement of the firmÃ?¢â?¬â?¢s net income
b) investor's with a better understanding of the cost of the firmÃ?¢â?¬â?¢s assets
c) misleading information on the earnings per share of most firms
d) better information on the stockholder's equity

15. Common-size financial statements include:
I. balance sheets with contents divided by total assets
II. income statements with contents divided by net sales or revenues
III. cash flow statements with contents divided by depreciation and amortization

A. I only
B. II only
C. I and II

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M928166

Have any Question? 


Related Questions in Basic Finance

1 what are the principal accounts that appear on a banks

1. What are the principal accounts that appear on a bank's balance sheet (or Report of Condition)? 2. Which accounts are most important and least important on the asset side of a bank's balance sheet?The rank order of as ...

Fed policy focused on long-term interest rates why might

Fed Policy Focused on Long-term Interest Rates: Why might the Fed want to focus its efforts on reducing long-term interest rates rather than shortterm interest rates during a weak economy? Explain how it might use a mone ...

Is the fed more accountable to congress or to the president

Is the Fed more accountable to Congress or to the president? Why? Who created the Fed? Who appoints the Fed chair?

Business finance discussion boardi need the following for

Business Finance Discussion Board I need the following for the coca-cola company Overview: Industry Analysis and Competitive Advantage We will focus on the company's competitive environment. The choice of which competito ...

How would a shock that reduces production costs in the

How would a shock that reduces production costs in the economy (a positive supply shock) affect equilibrium output and inflation in both the short run and the long run? Illustrate your answer using the aggregate demand-a ...

Interpret financial information written assessment-learning

Interpret financial information Written Assessment- Learning Outline - Within this resource, you will be covering the following key topics: Access and interpret financial information Use and provide financial information ...

1 a manufacturing company has hired an economist to

1) A Manufacturing Company has hired an economist to evaluate its financial situation. She explains to the board of directors that the company is making zero economic profit. Should the company go out of business? 2) The ...

Assume you work for an oil company that deals with oil

Assume you work for an oil company that deals with oil contracts and you are responsible for constructing those oil contracts. Assume you have an oil contract that has the following characteristics: Zero initial cost and ...

Using pro-forma data attached prepare a net present value

Using pro-forma data attached prepare a net present value analysis using the data in the example and substitute the 5% hurdle rate in the problem to a 6% hurdle rate, and prepare a profitability index. Do not consider ca ...

Problem set 11 go to the website Problem Set 1 1. Go to the website

Problem Set 1 1. Go to the website http://online.wsj.com/mdc/page/marketsdata.html, click on the tab "rates," click on the tab "Bonds, Rates and Credit Markets," click on "Treasury Quotes," and then answer the following ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate