The Burger Joint paid $420 in dividends and $611 in interest expense. The addition to retained earnings is $397.74 and net new equity is $750. The tax rate is 34 %. Sales are $6, 250 and depreciation is $710. What are the earnings before interest and taxes? Multiple Choice S1, 582.16 S1, 780.82 $1,850.00 $1, 660.00 $1,576.67

The Burger Joint paid $420 in dividends and $611 in interest expense. The addition to retained earnings is $397.74 and net new equity is $750. The tax rate is 34 %. Sales are $6, 250 and depreciation is $710. What are the earnings before interest and taxes? Multiple Choice S1, 582.16 S1, 780.82 $1,850.00 $1, 660.00 $1,576.67

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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An S corporation earns $6.30 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pays a $3.00 dividend? A. $1.97 B. $2.95 C. $3.44 D. $2.46 OC
The Company provided the following financial information: Assets 7,250,800.00 Tax rate 35% ВЕР 14% ROA 4% Compute for the TIE ratio. Use 4 decimal places for your final answer.
Lantos Company had a 20 percent tax rate. Given the following pretax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense Dividend revenue Utilities expense Discontinued operations loss Interest expense $1,000,000 600,000 80,000 110,000 90,000 10,000 100,000 20,000 Example of Answer: 4000 (No comma, space, decimal point, or $ sign)
Last year, Martyn Company had $340,000 in taxable income from its operations, $50,000 in interest income, and $100,000 in dividend income. Its corporate tax rate is 25%. What was the company's tax liability for the year? Assume a 50% dividend exclusion for tax on dividends. a. $110,000 b. $85,000 c. $122,500 d. $97,500 e. $110,000
A C corporation earns $9.10 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $5 dividend? A. $4.30 В. $6.02 Ос. $5.16 D. $3.44
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Save Mart had income before interest expense and income taxes of 12, $508 million and interest expense of 1000 $60 million value land had income before interest expense and income taxes of 3000 $534 million and interest expense of 1000 $140 million calculate the times interest earned for each company and comment on the results
WCS Inc. owns some common stock of Palmer Inc. and it just received $1,800 of dividend. If WCS Inc. is subject to a tax rate of 21%, what is the tax on this investment income? A. $148 OB. $164 OC. $189 OD. $226 OE. $282 OF. $324 G. $378 H. None of the above
XYZ Ltd.has a net income of $ 56,780. They paid $2000 in interest payments to bondholders and $4,000 in taxes to the government. What is the company's EBIT ? a $80,000 b $56,780 c $62,780 d $46,000
You have obtained the following information for Blue Bell Farms. The tax rate is 34 percent. Cash $ 124 Net fixed assets 2,498 Accrued expenses 135 Inventory 1,027 Long-term debt 1,876 Sales 3,850 Costs 2,220 Accounts payable 486 Depreciation 321 Interest paid 136 Accounts receivable 518 Dividends paid 281 What is the quick ratio? Group of answer choices a) 0.96 times b) 0.82 times c) 1.26 times d) 1.03 times e) 1.08 times

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