In 2017, NB Inc.’s federal taxable income was $317,000. Compute
the required installment payments of 2018 tax in each of the
following cases: (Round your intermediate calculations and
final answers to the nearest whole dollar
amount.)
In: Finance
|
2018 Income Statement |
||
|
Net sales |
$ |
18,400 |
|
Cost of goods sold |
15,200 |
|
|
Depreciation |
700 |
|
|
Earnings before I and T |
$ |
2,500 |
|
Interest paid |
70 |
|
|
Taxable Income |
$ |
2,430 |
|
Taxes |
960 |
|
|
Net income |
$ |
1,470 |
|
Dividends |
$ |
390 |
|
Inhale, Inc. |
||||||
|
2018 |
2018 |
|||||
|
Cash |
$ |
7,600 |
Accounts payable |
$ |
6,840 |
|
|
Accounts rec. |
2,200 |
Long-term debt |
700 |
|||
|
Inventory |
8,200 |
Common stock |
$ |
8,400 |
||
|
Total |
$ |
18,000 |
Ret. Earnings |
11,660 |
||
|
Net fixed assets |
9,600 |
|||||
|
Total assets |
$ |
27,600 |
Total liabilities & equity |
$ |
27,600 |
|
Inhale, Inc., is currently operating at maximum capacity. All costs, assets, and current liabilities vary directly with sales. The tax rate and the dividend payout ratio will remain constant. In 2019, no new equity will be raised and sales are projected to increase by 10 percent. Construct the pro formas for 2019 (at first leave interest and long term debt unchanged). Then answer the following questions.
Projected total assets = $______
Hint: Divide each quantity on the left-hand side of the 2018 Balance Sheet by the 2018 Sales to compute the percentages of sales. New sales in 2019 will be 10% higher than in 2018, so compute sales for 2019. Apply the percentages you computed for 2018 to the new sales number for 2019 to construct each line item on the Balance Sheet for 2018. Read off the Total Assets at the bottom.
Projected 2013 Retained Earnings = $______
Hint. Proceed by constructing the Income Statement for 2019. Start with the new Sales (10% higher than 2012). Compute Cost of Goods Sold and Depreciation as percentages of sales in 2018 and apply the same percentages to 2019 Sales to get CoGS and Depr for 2019. When you get to taxes, things will be different. Compute the Taxes for 2018 as % of Taxable Income, not Sales, for 2018. Apply the same percentage to the 2019 Taxable Income to get Taxes for 2019. Similarly, compute Dividends for 2018 as % of 2018 Net Income, not Sales. Apply that percentage to the 2019 Net Income to get 2019 Dividends. The Addition to the Retained Earnings for 2019 is equal to the Net Income minus Dividends. Add the Addition to RE to the 2018 Retained Earnings from the 2018 Balance Sheet and you have the new 2019 Retained Earnings.
Additional new debt required = $______
In: Accounting
Some investors believe the VIX follows a mean-reversion process. Do you agree? Why? (Please proof your answer based on VIX returns from Jan. 02, 2000 to Apr. 25, 2020)
In: Accounting
Use the information in this report to respond to the following question, World Health Report: Health Systems (the world health report 2000).
How well have global health systems performed? (Answer in approx 250 words).
In: Nursing
The overall growth of global trade has more than
doubled since 2000. Why? What has been the most important factor
prompting this growth. Is this rate of growth likely to continue in
the future? Why or why not?
In: Economics
We are planning to have 2000 customers each generating 100 USD revenue for a total revenue of 200000 USD (per day).
Q- What measure do you propose to bring it close to the planned number?
In: Finance
In: Economics
In: Operations Management
A farm seeking to improve its operations has decided to eliminate the production of Bananas (10ha) and substitute it with onions (10ha). Four laborers are to be laid off in the process. The output Selling price and costs associated with each of the enterprise is given below:
|
Banana |
Onions |
|
Expected Yield = 50 Tonnes/ha |
Expected Yield = 30 Tonnes/ha |
|
Selling Price: $35000/tonne |
Selling Price: $50000/tonne |
|
Production Cost |
Production Cost |
|
Seed=5 tonnes/ha at $2000/tonne |
Seed=10kg at $500/kg |
|
Marketing transportation = $2000/tonne |
Fertiliser=$3000/kg selling at $10000/50kg bag |
Given information above prepare the partial budget for the farm and advise the manager on the intended substitution
In: Economics
according to the US census bureau, the population of the US seniors65 and older, in the year 2004 was approximately 36,300,000 people. In the year 2010, it was 40,267,984 people. the senior population was growing at an approximately constant rate during this period.
(a)use this information to express the US senior population as a function of time since the year 2000.
(b) what is slope of your function? what does this mean in the context?
(c) what would this model indicate that the US population of seniors was in the year 2000? ( The actual population in that year was approximately 34,991,753)
(d) what does this model predict the US population of seniors to be for the 2020 census? Do you think this will be an overestimate or underestimate and why?
(e) when does your model predict the US population of senior to be 45,500,000 people?
In: Advanced Math