Business, 13.07.2020 22:01, nyceastcoast
Windswept, Inc. 2011 Income Statement ($ in milions)
Net sales $8,450
Less: Cost of goods sold 7,240
Less: Depreciation 400
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Earnings before interest and taxes 810
Less: Interest paid 70
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Taxable Incomne $740
Less: Taxes 259
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Net income $481
Windswept, Inc 2010 and 2011 Balance Sheets ($ in mlions)
2010 2011 2010 2011
Cash $ 120 $140 Accounts payable $1,110 $1,120
Account rec. 930 780 Long-term debt 840 1,210
Inventory 1480 1520 Common Stock 3,200 3,000
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Total $2,530 $2,440 Retained Earnings 530 710
Net fixed assets 3,150 3,600
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Total assets $5,680 $6,040 Total Liabilities & equity $5,680 $6,040
2011
Equity multiplier Retention ration ROA ROE
Internal Growth Rate Sustainable Growth Rate
Calculate the above items
Answers: 2
Business, 22.06.2019 11:30, wrivera32802
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?
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Business, 22.06.2019 11:40, maddied2443
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
Answers: 3
Business, 22.06.2019 18:00, tifftiff22
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
Business, 22.06.2019 22:00, tannercarr3441
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm. b. implicit costs. c. operating costs. d. fixed costs.
Answers: 2
Windswept, Inc. 2011 Income Statement ($ in milions)
Net sales $8,450
Less: Cost of goods sol...
Less: Cost of goods sol...
Mathematics, 22.01.2021 21:10
Mathematics, 22.01.2021 21:10