You sold a share in Vulcan Materials Co (VMC) short at $41.20 and just bought to cover your short position at the price of $47.71. How much profit or loss did you make on the transaction? $130.11 $6.51 $88.91 ($88.91) ($6.51)
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- The following are the respective costs and revenues incurred by USA company: costs for months 1, 2, 3: $80,000.00, $90,000.00, $100,000.00 Revenues for months 2, 3, 4: $70,000.00, $95,000.00 $105,000.00 The USA company wants to know from you if it has made any profit or not. What will be your answer and explain? Use interest= 12%ok at You are given the following information for Troiano Pizza Company: sales = $76,600; costs = $55,300; addition to retained earnings = $6,300; dividends paid = $2,960; interest expense = $2,670; tax rate = 24 percent. Calculate the depreciation expense for the company. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Depreciation expense $ 7,1203 Your business makes cash sales of $100 000 worth of goods (plus GST of 10%) and collected up front. What current liability does the sale create? cash a none b unearned revenue of $10000 GST payable of $10000 d sales revenue of $110000
- Assume that Clampett, Inc. has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,000 of dividends. What is Clampett, Inc.'s excess net passive income? $25,000. $75,000. $100,000. $0. None of the choices are correct.17 You are given the following information for Troiano Pizza Company: sales = $78,500; costs $38,200; addition to retained earnings $6,950; dividends paid = $2,490; interest expense = $5,540; tax rate = 21 percent. Calculate the net income. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Net income. Calculate the taxable income. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Taxable income EBIT Calculate the EBIT. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Calculate the depreciation expense. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Depreciation expense14. What does it mean when the Asset Turnover of Jake and Jack is 1.75X. That: a. Jake and Jack has only $175 in its savings account b. The earnings per share of Jake and Jack is $1.75 c. Each dollar asset of Jake and Jack generates $1.75 in sales d. Each dollar of equity Jake and Jack is equal to 1.75 in inventory. e. None of the above.
- You are given the following information for Sookie’s Cookies Co.: sales = $60000; costs = $37400; addition to retained earnings = $3100; dividends paid = $860; interest expense = $2050; tax rate = 39 percent. Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)K 1. Given the following information for Sookie’s Cookies Co., calculate the depreciation expense: sales = $86,616; costs = $55,374; addition to retained earnings = $791; dividends paid = $1,498; interest expense = $349; tax rate = 26 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales Costs Depreciation EBIT Taxes (25%) Net income $ 663,200 425,000 101,000 a. Calculate the OCF. (Do not round intermediate calculations.) b. What is the depreciation tax shield? (Do not round intermediate calculations.) a. OCF b. Depreciation tax shield Q Search All 14 W O 27 ENG A US
- Q)The Big Star company sells its products for $100,000; that it pays $30,000 for materials purchased from other firms, $20,000 for wages, $ 30,000 for rent, and $5,000 for interests to the lenders. The firm's value added is $30,000 $25,000 $50,000 $70,000Musharaka with losses Assume the following: _ A company is importing and selling Mercedes cars. _ An Islamic bank invests US$8 million for an 80% profit share._ An investor invests US$2 million for a 20% profit share. _ The investor is to be paid a 10% management fee as percentage of profit after expenses. Assume: Sale proceeds = US$9,200,000 Expenses = US$200,000 Calculate: 1: The total return to the bank: 2.The total return to the investor:Musharaka with losses Assume the following: _ A company is importing and selling Mercedes cars. _ An Islamic bank invests US$8 million for an 80% profit share._ An investor invests US$2 million for a 20% profit share. _ The investor is to be paid a 10% management fee as percentage of profit after expenses. Assume: Sale proceeds = US$9,200,000 Expenses = US$200,000 Calculate: 1: The total return to the bank: 7,200,000 2.The total return to the investor: 1,800,000 show how they receive the numbers: image is attached for instructions:
