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Raines Umbrella Corp. had sales of $608,674. Cost of goods sold, administrative and selling expenses, and...
Raines Umbrella Corp. had sales of $608,674. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $547,602, $89,764, and $80,449, respectively. In addition, the company had an interest expense of $85,353 and a tax rate of 31 percent. (Ignore any tax loss carryback or carryforward provisions. This means that if the company does not have any taxable income, they do not pay any tax.) Suppose Raines Umbrella Corp. paid out $52,441 in cash dividends. If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt?
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jeff jeffy answered 1 year agoRelated Solutions
During 2009, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling...
During 2009, Raines Umbrella Corp. had sales of $740,000. Cost
of goods sold, administrative and selling expenses, and
depreciation expenses were $574,000, $89,000, and $128,000,
respectively. In addition, the company had an interest expense of
$100,000 and a tax rate of 30 percent. (Ignore any tax loss
carryback or carryforward provisions.) Assume Raines Umbrella Corp.
paid out $19,000 in cash dividends. If spending on net fixed assets
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During 2018, Raines Umbrella Corp. had sales of $745,000. Cost of goods sold, administrative and selling...
During 2018, Raines Umbrella Corp. had sales of $745,000. Cost
of goods sold, administrative and selling expenses, and
depreciation expenses were $578,000, $87,000, and $134,000,
respectively. In addition, the company had an interest expense of
$102,000 and a tax rate of 35 percent. (Ignore any tax loss
carryback or carryforward provisions.) Assume Raines Umbrella Corp.
paid out $24,000 in cash dividends. If spending on net fixed assets
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During 2018, Raines Umbrella Corp. had sales of $739,000. Cost of goods sold, administrative and selling...
During 2018, Raines
Umbrella Corp. had sales of $739,000. Cost of goods sold,
administrative and selling expenses, and depreciation expenses were
$454,000, $99,000, and $144,500, respectively. In addition, the
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percent. (Ignore any tax loss carryforward provisions and assume
interest expense is fully tax deductible.)
a.
What is the
company’s net income/loss for 2018? (Do not round
intermediate calculations. Enter your answer as a positive
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b....
During 2014, Raines Umbrella Corp. had sales of $666924. Cost of goods sold, administrative and selling...
During 2014, Raines Umbrella Corp. had sales of $666924. Cost of
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expenses were $478699, $91112, and $84397, respectively. In
addition, the company had an interest expense of $91184 and a tax
rate of 35 percent. (Ignore any tax loss carryback or carryforward
provisions. This means that if the company does not have any
taxable income, they do not pay any tax.) Suppose Raines Umbrella
Corp. paid out $51718 in cash dividends. If...
During 2018, Raines Umbrella Corp. had sales of $718,000. Cost of goods sold, administrative and selling...
During 2018, Raines Umbrella Corp. had sales of $718,000. Cost
of goods sold, administrative and selling expenses, and
depreciation expenses were $447,000, $95,500, and $141,000,
respectively. In addition, the company had an interest expense of
$70,800 and a tax rate of 22 percent. (Ignore any tax loss
carryforward provisions and assume interest expense is fully tax
deductible.)
a.
What is the company’s net income/loss for 2018? (Do not
round intermediate calculations. Enter your answer as a positive
value.)
b....
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During 2018, Raines Umbrella Corp. had sales of $766,000. Cost
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respectively. In addition, the company had an interest expense of
$74,000 and a tax rate of 23 percent. (Ignore any tax loss
carryforward provisions and assume interest expense is fully tax
deductible.)
a.
What is the company’s net income/loss for 2018? (Do not
round intermediate calculations. Enter your answer as a positive
value.)
b....
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depreciation expenses were $680,000, $85,000, and $180,000,
respectively. In addition, the company had an interest expense of
$55,000 and a tax rate of 21 percent. (Assume that interest is
fully deductible.) Suppose the company paid out $65,000 in cash
dividends. If spending on net fixed assets and net working capital
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During 2015, Rainbow Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and selling...
During 2015, Rainbow Umbrella Corp. had sales of $800,000. Cost
of goods sold, administrative and selling expenses, and
depreciation expenses were $580,000, $90,000, and $150,000,
respectively. In addition, the company had an interest expense of
$89,000 and a tax rate of 35 percent. (Ignore any tax loss
carryback or carryforward provisions.)
Suppose the company paid out $53,000 in cash dividends. If
spending on net fixed assets and net working capital was zero, and
if no new stock was issued...
During 2019, Rainbow Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling...
During 2019, Rainbow Umbrella Corp. had sales of $740,000. Cost
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depreciation expenses were $540,000, $85,000, and $100,000,
respectively. In addition, the company had an interest expense of
$54,000 and a tax rate of 21 percent. (Assume that interest is
fully deductible.) Suppose the company paid out $66,000 in cash
dividends. If spending on net fixed assets and net working capital
was zero, and if no new stock was issued during the year,...
During 2019, Rainbow Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling...
During 2019, Rainbow Umbrella Corp. had sales of $740,000. Cost
of goods sold, administrative and selling expenses, and
depreciation expenses were $540,000, $85,000, and $100,000,
respectively. In addition, the company had an interest expense of
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dividends. If spending on net fixed assets and net working capital
was zero, and if no new stock was issued during the year,...
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