abc corp recently reported 13000 of sales 5000 of operating costs other than depreciation and 4000 of depreciation. the company has no amortization charges and no non operating income it had issued 4000 of bonds that carry a 10% interest rate and its federal plus state income tax rate was 40 %. what was the firms taxable or pre- tax income?
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- Edwards Electronics recently reported $15,250 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was its net operating profit after taxes (NOPAT)? Select the correct answer. a. $6,324.00 b. $6,349.50 Oc$6,273.00 O d. $6,298.50 e. $6,375.00Edwards Electronics recently reported $11,250 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was its net operating profit after taxes (NOPAT)? a. $3,375.00 b. $3,045.94 c. $3,206.25 d. $2,748.96 e. $2,893.64Meric Mining Inc. recently reported $14,700 of sales, $7,600 of operating costs other than depreciation, and $1,100 of depreciation. The company had no amortization charges, it had outstanding $6,700 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 30%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. Group of answer choices $3,320.84 $3,711.53 $3,906.88 $3,995.53 $4,102.22
- Infrared Vision Inc. recently reported $15,500 of sales, $13,700 of operating costs other than depreciation, and $1,800 of depreciation. The company had no amortization charges, it had outstanding $10,000 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 30%. How much was the firm's net income after taxes? The company uses the same depreciation expense for tax and stockholder reporting purposes.A company recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's taxable income, or earnings before taxes (EBT)? Show your answer using the income statement structure.Pluto Minerals recently reported $15,800 of sales, $10,600 of operating costs other than depreciation, and $1,100 of depreciation. The company had no amortization charges, no interest expense, and non-operating interest income from $8,000 of bonds carrying a 7.0% interest rate. Its federal-plus-state income tax rate was 25%. How much was the company's EBIT? $4,100 O $3,540 $3,495 O $3,075 O $4,660
- XYZ Corporation has one asset worth $450,000. Accumulated Depreciation to date is $190,000 and accumulated CCA is $220,000. The Corporation also recorded warranty expenses of $30,000. To date, no customers have required warranty service, so no warranty expenditures have been made. Assuming the tax rate is constant at 40%, this will result in: Question 18Select one: a. A net deferred income tax liability of $12,000 b. No temporary difference C. A net deferred income tax asset of $12,000 d. A net deferred income tax asset of $30,000Last year Tiemann Technologies reported $10,300 of sales, $6,450 of operating costs other than depreciation, and $1,400 of depreciation. The company had no amortization charges, it had $4,800 of bonds that carry a 6.0% interest rate, and its federal-plus-state income tax rate was 35%. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $700. By how much will net after-tax income change as a result of the change in depreciation? The company uses the same depreciation calculations for tax and stockholder reporting purposes. Group of answer choices -455.00 -432.25 -500.50 -477.75 -409.50LUGAW Inc. has an earnings before interest and taxes of P4,750,000. The company’s total depreciation and amortization expense is P870,000. The company is not paying any interest arising from any financing cost. The net investment in operating capital of the company is P1,570,000. The company has a 30% tax rate. What is LUGAW’s net operating profit after taxes?
- Kobe capital Corp recently reported $19500 off sales $7650 of operating cost other than depreciation $1750 off depreciation. It had $9000 off bonds outstanding that carry a 7% interest rate and its income tax rate was 40%. How much was the firms earnings before taxes?The Yellow Corp has $650,000 of debt outstanding, and it pays an interest rate of 8% annually. Its annual sales are $1.75 million, its average tax rate is 25%, and its net profit margin on sales is 12 %. The company has depreciation expense of $53,840 with no amortization. What is the EBITDA coverage for Yellow Corp? 07.38x O 7.45x 7.34x O 7.42xTalbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
