Fill in the blanks: OhLaLa Trading Corporation reported the following on its fifth year of operation: Sales,net of 1% withholding tax P4,950,000 Cost of sales 2,000,000 Interest from deposits,net of tax 75,000 Gain on sale of domestic stocks directly to buyer 150,000 Casual rent income, net of 5% creditable withholding tax 95,000 Interest income from advances to employees 50,000 Business Expenses 3,100,000 Estimated quarterly payments 10,000 Minimum Corporate Income Tax (MCIT) is NOTE: Answers are in numerical form. COMMA PESO SIGN and other characters are NOT REQUIRED. < Previous Shot on OnePlus Powered by Triple Camera

Fill in the blanks: OhLaLa Trading Corporation reported the following on its fifth year of operation: Sales,net of 1% withholding tax P4,950,000 Cost of sales 2,000,000 Interest from deposits,net of tax 75,000 Gain on sale of domestic stocks directly to buyer 150,000 Casual rent income, net of 5% creditable withholding tax 95,000 Interest income from advances to employees 50,000 Business Expenses 3,100,000 Estimated quarterly payments 10,000 Minimum Corporate Income Tax (MCIT) is NOTE: Answers are in numerical form. COMMA PESO SIGN and other characters are NOT REQUIRED. < Previous Shot on OnePlus Powered by Triple Camera

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section2.A: Taxes

Problem 2P

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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.
G. R. Edwin Inc. had sales of $5.88 million during the past year. The cost of goods sold amounted to $2.8 million. Operating expenses totaled $2.57 million, and interest expense was $30,000. Use the corporate tax rates shown in the popup window, Taxable Income Marginal Tax Rate $0−$50,000 15% $50,001−$75,000 25% $75,001−$100,000 34% $100,001−$335,000 39% $335,001−$10,000,000 34% $10,000,001−$15,000,000 35% $15,000,001−$18,333,333 38% Over $18,333,333 35% , to determine the firm's tax liability. What are the firm's average and marginal tax rates?
Selected information from the annual financial statements of Delicata Industries is shown below. ($ in thousands) Revenue Operating income Net other income(expense) Net income 240,000 5,600 196,480 Average operating assets 4,200,000 Average operating liabilities 1,800,000 Current Financials $1,500,000 Delicata has an income tax rate of 20%. a. What is Delicata's net operating profit after taxes (NOPAT) for the year? $0 b. Calculate Delicata's net operating profit margin (NOPM) for the year. Result Numerator + Denominator = 0 + $ 0 = NOPM $ c. Calculate Delicata's return on net operating assets (RNOA) for the year. Numerator + Denominator = Result 0 + $ 0 = RNOA $ 96
(Corporate income tax) G. R. Edwin Inc. had sales of $6.07 million during the past year. The cost of goods sold amounted to $2.99 million. Operating expenses totaled $2.54 million, and interest expense was $33,000. Determine the firm's tax liabilityby using the corporate ta rate structure in the popup window, Calculate the gross profits. The gross profits are $3,080,000. (Round to the nearest dollar.) Calculate the taxable income. The taxable income is $ 507,000. (Round to the nearest dollar. Calculate the total tax due. The total tax due is $. (Round to the nearest dollar) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Corporate Tax Rates 15% 25% 34% 35% (*) Print Additional surtax: * 5% on income between $100,000 and $335,000 • 3% on income between $15,000,000 and $18,333,333 $50,001-$75,000 $75,001-$10,000,000 over $10,000,000 Done $0-$50,000 X
JBC Inc. has the following information reported by its chief accountant for the current year: Sales Operating income Total assets Current liabilities Target rate of return Corporate tax rate WACC $4,500,000 $505,000 $2,500,000 $150,000 18% 35% 13% How much is stakeholders' expected return in dollars? O a) $55,500 O b) $22,750 c) $305,500 d) $305,500
Ecare Berhad has the following income statement items for 2021: Revenue/Sales RM4,801,139 Finance costs/Interest expense RM293,938 Other items of income RM38,552 Cost of sales (COGS) RM3,917,144 Income tax expenses 35% of taxable income Dividend payment 40% of net profit What is the amount of the firm's earning before tax? Select one: a. RM628,609 b. RM590,057 c. RM408,596 d. RM883,995
18. The following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143,000,000.00 Net Profit Margin 6.00% Operating capital 425,070,000.00 After tax cost of capital 12.00% Tax rate 35.00% Refer to Anya Company, calculate its sales. Use 2 decimal places in your final answer
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The Paulson Company's year-end balance sheet is shown below Its cost of common ty is 10%, ts before-tax cast of debt is 11%, and to marginal tax rate 2% that the fo term debt and long-term debt, equals $1,142. The firm has 576 shares of common stock outstanding that s Assets Cash Accounts receivable Inventories Plant and equipment, net Total assets $ 120 340 360 2,160 $2,000 Liabities And Equity Accounts payable and accruals Short-term debt Long-term debt Common equity $ 10 42 1,100 1,728 Totals and equ $3,000 Calculate Paulson's WACC using market value weights. Do not und intermediate calculations Round your answer to two decal places
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The following annual date pertains to Badidap corp. Financial breakeven point 519000 Preferred Dividends 225,000 Tax Rate 40% What is the monthly interest payment of Badidap corp?