Commission RecenSalesShare Transfer Fees5,000(Ans: Profit after Tax12. From the following particulars of Sriman Ltd., calculate the remuneration of tDirector at 5% of net profit.a) Remuneration of Managing Director+b) Provision for bad debts +C) Provision for tax +d) Depreciation written offe) Loss on sale of investmentsf) Depreciation allowable as per income-tax provisionsg) Net profit after considering the above items₹10,0005,00075,00040,00035,00035,0002,25,000(Ans: Managerial Remunerati13. Keshav Ltd., earned a net profit of *4,00,000 after considering the following itemsDepreciationPreliminary expenses +₹80,000 49010.0002

12. To calculate the remuneration of the Managing Director at 5% of the net profit, we first need to…

Answered: Commission Recen Sales Share Transfer…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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.
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5 Misty Company reported the following before-tax items during the current year: Sales revenue $ 850 Selling and administrative expenses 410 Restructuring charges 20 Loss on discontinued operations 40 Misty's effective tax rate is 25%. What is Misty's net income for the current year?
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A company has profit before interest and tax of £66000Interest payable is £6000Tax is payable at 25% What is the profit after Tax? £
From the following particulars of Sriman Ltd., calculate the remuneration of Managing Director at 5% of net profit.a) Remuneration of Managing Director 10,000b) Provision for bad debts 5,000C) Provision for tax 75,000d) Depreciation written off 40,000e) Loss on sale of investments 35,000f) Depreciation allowable as per income-tax provisions 35,000g) Net profit after considering the above items 2,25,000
Company B, a CCPC provides you with the following income data for this fiscal year: Aggregate Investment Income: $4,000 Active Business Income: $2,000 Canadian Dividends Connected (50% ownership, dividend refund received $1,500): $4,000 Canadian Dividends Non-connected: $3,000 What is Company's B's Taxable Income for this year ?
Years Revenue Cash Expense Book Depreciation Book Income Pre-Tax Book Tax at 32% After Tax Book Income Financial Measures Profit Margin % Net Assets ROA % Cashflow Revenue Cash Expense Tax Depreciation Pretax Income Tax at 32% After Tax Income After Tax Cashflow Cumulative Cashflow Payback Period Present Worth 10 PW12 PW15 IRR PV Index(15) Facility Cost Income Tax Rate 0 C. -9.5 d. -12.4 $ 100,000.00 2.2 Years 91740.92679 0.395702526 1 0.684350818 $ 100,000.00 32% $30,000.00 $100,000.00 $120,000.00 $140,000.00 $150,000.00 $150,000.00 $50,000.00 $60,000.00 $70,000.00 $75,000.00 $75,000.00 2 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $20,000.00 $0.20 $20,400.00 $27,200.00 $0.26 $9,600.00 $12,800.00 $16,000.00 $17,600.00 $17,600.00 $20,400.00 ($100,000.00) $40,400.00 $51,040.00 ($100,000.00) -$59,600.00 -$8,560.00 $40,000.00 $50,000.00 $55,000.00 $55,000.00 $0.23 3 $0.45 $36,727.27 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.85 $1.87 4 $19,040.00 5 $34,000.00 $37,400.00 $0.24…
Do if you 100% sure Calculate EBITDA for the below company. Sales 1, 249.0 COGS (628.0) Gross profit 421.0 SG&A (258.0) Operating profit 363.0 Other income (expenses ) 12.6 Net interest expense (15.0) Profit before tax 360.6 Tax expense (549.6) Profit after tax (189.0) Income from discontinued operations (19.0) Non controlling interests (29.0) Net income to common shareholders (237.0) In the MD&A and notes to the accounts you find the following information: Impairment expense in SG&A 168.0 Restructuring charge in COGS 12.0 Depreciation and amortization 65.0 Marginal tax rate 35.0% Other income (expenses) primarily relates to the integration costs of a new acquisition which closed the prior year. Select one: 428.0 543.0 415.4 608.0
From the following information given by ABC Ltd. for the year ended 31st March, 2016, calculate the Managing Director's Remuneration in terms of the Companies Act, 2013. Managing Director is entitled to a commission of 4% on profits available for dividend purpose assuming rate of income- tax 50% on ordinary profits and 20% on capital profits. Also calculate the amount of income-tax payable. 2$ 2$ Salaries including Bonus Rent, Rates & Taxes General Expenses Managing Director's Remuneration Depreciation Ex-gratia payment to an employee Provision for Income Tax 18,00,000 Gross Profit 1,00,000 Profit on Sale of Fixed Assets 2,50,000 Unpaid Dividend 40,000 4,00,000 31,000 5,00,000 2,00,000 50,000 14,89,000 48,00,000 50,000 10,000 Transfer to General Reserve Development Rebate Reserve Balance c/d 48,60,000 48,60,000 NOTE. Original cost of the fixed assets sold Written down value of the fixed assets sold Sale proceeds of the fixed assets 3,50,000 3,20,000 3,70,000

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