Given the following information for Gandolfino Pizza Co., calculate the depreciation expense: sale: 61,000 / costs:...

Given the following information for Gandolfino Pizza Co., calculate the depreciation expense: sale: 61,000 / costs: 29,600 / addition to retained earnings: 5,600 / dividends paid: 1,950 / interest expense: 4,300 / tax rate: 21% Please provided detailed explanation showing work.

Expert Solution

jeff jeffy answered 2 years ago

3. Given the following information for Gandolofino Pizza Co, calculate the depreciation expense. Sales = $61,000;...

3. Given the following information for Gandolofino Pizza Co, calculate the depreciation expense. Sales = $61,000; COGS = $29,600; addition to retained earnings = $5,600; dividends paid = $1,950; interest exp = $4,300; tax rate = 35%

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $77,000; costs...

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $77,000; costs = $39,000; addition to retained earnings = $10,800; dividends paid = $2,820; interest expense = $3,150; tax rate = 21 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $73,000; costs...

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $73,000; costs = $37,200; addition to retained earnings = $9,800; dividends paid = $2,620; interest expense = $2,950; tax rate = 24 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

You are given the following information for Bowie Pizza Co.: Sales = $76,000; Costs = $33,100; Addition to retained earnings = $6,900; Dividends paid = $2,340; Interest expense = $5,600; Tax rate = 22 percent. Calculate the depreciation expense.

You are given the following information for Bowie Pizza Co.: Sales = $76,000; Costs = $33,100; Addition to retained earnings = $6,900; Dividends paid = $2,340; Interest expense = $5,600; Tax rate = 22 percent. Calculate the depreciation expense. (Do not round intermediate calculations.)

Calculate (show how) the annual depreciation expense, accumulated depreciation, and after tax salvage value associated with an asset given the following information:

Calculate (show how) the annual depreciation expense, accumulated depreciation, and after tax salvage value associated with an asset given the following information:Initial value of asset (including shipping and installation): $12 millionThe company uses straight line depreciation to depreciate the asset to a book value of $2 million by the end of the life of the project which is ten years.Expected salvage value (market price) of the asset upon termination of project: $3.2 million.Marginal tax rate: 30%

company XYZ in 2015 is given : sales €500000, costs €332000 depreciation expense €120000 Interest expense...

company XYZ in 2015 is given : sales €500000, costs €332000 depreciation expense €120000 Interest expense €60000 dividends €16000 tax rate 35 percent a) given this information prepare XYZ income statement b) calculate XYZ profit margin c) If company XYZ has total asset €250000 and equity multiplier 2.5 what is return on equity, what is return on equity (ROE) based on DU point identity. d) discus the component of Du point identity

You are given the following information: 2018 Sales $23,000 Cost of goods sold $16,000 Depreciation expense...

You are given the following information: 2018 Sales $23,000 Cost of goods sold $16,000 Depreciation expense $4,000 Interest $1,800 Dividends $1,300 Tax rate 35% New debt issuance $2,000 2017 2018 Current assets $4,800 $5,900 Current liabilities $2,700 $3,200 Net fixed assets $14,000 $17,000 a. Calculate the operating cash flow for 2018. (Hint: Taxes = Earnings before taxes x Tax rate) (show your work) b. Calculate the cash flow from assets for 2018. (show your work ) c. Calculate the cash...

Given the following information for Macro Drive Inc. 2017 Selling and administrative expenses 150,000 Depreciation expense...

Given the following information for Macro Drive Inc. 2017 Selling and administrative expenses 150,000 Depreciation expense 280,000 Interest expense 140,000 Sales 1,400,000 Taxes 135,500 Cost of Goods Sold 500,000 Prepare (in good form) an income statement for 2017 for Macro Drive Inc Assume that Micro Drive Inc. has 50,000 shares outstanding, calculate the Earnings Per Share for the company for the period ending 2017 Differentiate between accounting income and free cash flow. Why is FCF the most important measure of...

Danico Co. purchased a machine on March 1, 2017, for $150,000. Calculate the annual depreciation expense...

Danico Co. purchased a machine on March 1, 2017, for $150,000. Calculate the annual depreciation expense under all three methods (straight-line, units-of-production and double-declining-balance) for each year of the machine’s life (estimated at 5 years or 50,000 hours with a residual value of $15,000). During the machine’s life it was used 15,000; 14,000; 5,000; 9,000 and 6,000 hours.Danico’s year-end is December 31.

You are given the following information concerning Baron Co. Calculate the WACC for Baron Co. Debt:...

You are given the following information concerning Baron Co. Calculate the WACC for Baron Co. Debt: 17,958 5% coupon bonds outstanding, quoted at 105, with 20 years to maturity. These bonds pay interest semiannually. Common Stock: 350,000 shares common stock selling for $56.02 per share. The stock has a beta of 1.49. Preferred Stock: 10,000 shares of preferred stock with a dividend of $5.20 per share. It is currently selling at $106.37 per share. Market: The market premium is 7.5%,...

Question