Question
In: Finance
Question 5 Revenue 1,200.0000 Cost of good sold 800.0000 Gross profit Total operating expense...
| Question 5 | |||||||||
| Revenue | 1,200.0000 | ||||||||
| Cost of good sold | 800.0000 | ||||||||
| Gross profit | |||||||||
| Total operating expense | 190.0000 | ||||||||
| Operating income | |||||||||
| Interest expense | 15.0000 | ||||||||
| Earnings before tax | |||||||||
| Tax | |||||||||
| Net income | |||||||||
| TAX RATE | 40% | ||||||||
| With tax rate of 40%, what must be Total operating expense so that Net income equal to 50? | |||||||||
| Question 6 | ||||||||||
| Revenue | 1,200.0000 | |||||||||
| Cost of good sold | 800.0000 | |||||||||
| Gross profit | ||||||||||
| Total operating expense | 500.0000 | |||||||||
| Operating income | ||||||||||
| Interest expense | 15.0000 | |||||||||
| Earnings before tax | ||||||||||
| Tax | ||||||||||
| Net income | ||||||||||
| TAX RATE | 40% | |||||||||
| With tax rate of 40%, what must be Total operating expense so that Net Profit Margin equal to 10%? | ||||||||||
| Question 7 | |||||||||
| Revenue | 1,200.0000 | ||||||||
| Cost of good sold | 800.0000 | ||||||||
| Gross profit | |||||||||
| Total operating expense | 190.0000 | ||||||||
| Operating income | |||||||||
| Interest expense | 15.0000 | ||||||||
| Earnings before tax | |||||||||
| Tax | |||||||||
| Net income | |||||||||
| TAX RATE | 40% | ||||||||
| With tax rate of 40%, what must be Total operating expense so that Net Profitequal to 0? | |||||||||
Solutions
Expert Solution
| Q5) | ||
| Particulats | Calculations | Amount |
| Revenue | given | 1200.0000 |
| COGS | given | 800.0000 |
| Gross Profit | =1200-800 | 400.0000 |
| Total operating expense | Balancing figure = 400-0-15-83.3333=301.6667 | 301.6667 |
| Operating income | given | 0.0000 |
| Interest expense | given | 15.0000 |
| EBT | =net income/(1-tax rate) =50/(1-0.4) = 83.3333 | 83.3333 |
| Tax | =EBT* tax rate = 83.3333*0.40 = 33.3333 | 33.3333 |
| Net Income | given | 50.0000 |
| Q6) | ||
| Revenue | given | 1200.0000 |
| COGS | given | 800.0000 |
| Gross Profit | =1200-800 | 400.0000 |
| Total operating expense | Balancing figure = 400-0-15-200 = 185.0000 | 185.0000 |
| Operating income | given | 0.0000 |
| Interest expense | given | 15.0000 |
| EBT | =net income/(1-tax rate) =120/(1-0.4) = 200.0000 | 200.0000 |
| Tax | =EBT* tax rate = 200.0000*0.40 = 80.0000 | 80.0000 |
| Net Income | =Net profit margin*Revenue = 0.10*1200 =120.0000 | 120.0000 |
| Q7) | ||
| Revenue | given | 1200.0000 |
| COGS | given | 800.0000 |
| Gross Profit | =1200-800 | 400.0000 |
| Total operating expense | Balancing figure = 400-0-15-0=385.0000 | 385.0000 |
| Operating income | given | 0.0000 |
| Interest expense | given | 15.0000 |
| EBT | =net income/(1-tax rate) =0/(1-0.4) = 0 | 0.0000 |
| Tax | =EBT* tax rate = 0*0.40 = 0 | 0.0000 |
| Net Income | given | 0.0000 |
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jeff jeffy answered 1 year agoRelated Solutions
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Date
Transactions
Units
Unit
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March
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displayed below.] Greg’s Bicycle Shop has the following
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Required information
Problem 6-2B Calculate ending inventory, cost of goods sold,
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[The following information applies to the questions
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$
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4
Sale ($205 each)...
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