Kamenka LLC has sales of 634,000, costs of 305,000, depreciation expense of 46,000, interest expense of...

Kamenka LLC has sales of 634,000, costs of 305,000, depreciation expense of 46,000, interest expense of 29,000 and tax rate of 35%, what is its net income? Suppose it paid dividends of 86,000, what was the addition to the retained earnings?

Expert Solution

Calculations	Particulars	Amount $
A	Sales	634,000
B	Costs	305,000
C	Depreciation	46,000
D = A-B-C	Earnings Before Interest and Taxes	283,000
E	Interest Expense	29,000
F = D - E	Earnings Before Taxes	254,000
G = F x 35%	Taxes	88,900
H = F - G	Net Income	165,100
I	Dividends	86,000
J = H - I	Retained Earnings	79,100

jeff jeffy answered 2 years ago

Papa Roach Exterminators, Inc., has sales of $634,000, costs of $305,000, depreciation expense of $43,000, interest...

Papa Roach Exterminators, Inc., has sales of $634,000, costs of $305,000, depreciation expense of $43,000, interest expense of $29,000, and a tax rate of 30 percent. If the firm paid out $80,000 in cash dividends. What is the addition to retained earnings?

Pests Be Gone, Inc., has sales of $679,000, total costs of $405,000, depreciation expense of $46,000,...

Pests Be Gone, Inc., has sales of $679,000, total costs of $405,000, depreciation expense of $46,000, interest expense of $30,000, and a tax rate of 40 percent. If the firm paid out $79,000 in cash dividends. What is the addition to retained earnings? Note: This problem is to give you practice constructing the income statement. COGS and selling/administrative expenses have been lumped together.

A company has sales of $50,000, costs of $23,000, depreciation expense of $2,000, and interest expense...

A company has sales of $50,000, costs of $23,000, depreciation expense of $2,000, and interest expense of $1,500. If the tax rate is 21%, what is the operating cash flow, OCF?

Ziggy Inc., has sales of $817,000 costs of $343,000, depreciation expense of $51,000, interest expense of...

Ziggy Inc., has sales of $817,000 costs of $343,000, depreciation expense of $51,000, interest expense of $38,000 and tax rate of 35%. What is the net income of the firm? Suppose the firm paid out $95,000 in cash dividends. What is the addition to retained earnings? Suppose the firm had 90,000 shares of common stock outstanding. What is the earnings per share? What is the dividends per share figure?

ABC Inc. has sales of $44,500, costs of $19,400, depreciation expense of $2,900, and interest expense...

ABC Inc. has sales of $44,500, costs of $19,400, depreciation expense of $2,900, and interest expense of $2,400. If the tax rate is 35%, what is the operating cash flow, or OCF? (Omit $ sign in your response.)

Company ZYX has sales of $664000, costs of $255000, depreciation expense of $45000, interest expense of...

Company ZYX has sales of $664000, costs of $255000, depreciation expense of $45000, interest expense of $31000, and a tax rate of 30.00%. The firm paid out $108000 in cash dividends, and has 30,000 shares of common stock outstanding. What is the earnings per share (EPS) and dividends per share (DPS)? A. $7.77 and $3.60 B. $9.01 and $4.15 C. $8.65 and $3.60 D. $7.77 and $4.80

Hammett, Inc., has sales of $19,630, costs of $9,400, depreciation expense of $2,070, and interest expense...

Hammett, Inc., has sales of $19,630, costs of $9,400, depreciation expense of $2,070, and interest expense of $1,560. Assume the tax rate is 30 percent. (Enter your answer as directed, but do not round intermediate calculations.) Required: What is the operating cash flow? Operating cash flow

Benson, Inc., has sales of $39,230, costs of $12,930, depreciation expense of $2,630, and interest expense...

Benson, Inc., has sales of $39,230, costs of $12,930, depreciation expense of $2,630, and interest expense of $1,910. The tax rate is 22 percent. What is the operating cash flow, or OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense...

Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 21 percent. The firm just paid out $95,000 in cash dividends. The company has 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share?

Nataro, Incorporated, has sales of $654,000, costs of $333,000 , depreciation expense of $78,000, interest

Nataro, Incorporated, has sales of $654,000, costs of $333,000 , depreciation expense of $78,000, interest expense of $43,000, and a tax rate of 25 percent. The firm paid out $73,000 in cash dividends and has 36,000 shares of common stock outstanding.a. What is the earnings per share, or EPS, figure? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.b. What is the dividends per share figure? Note: Do not round intermediate calculations and...

Question