Gross Sales: Less: Cost of Sales Gross Profit Less: Operating Expenses Packaging, Transpo & Electricity) Php 2,880.00 Php 1,476.00 Php 1,404.00 Php 594.00 Php 5,760.00 Php 2,952.00 Php 2,808.00 Php 1,188.00 Php 8,640.00 Php 4,428.00 Php 4,212.00 Php 1,782.00 Php 11,520.00 Php 5,904.00 Php 5,616.00 Php 2,376.00 Php 14,400.00 Php 7,380.00 Php 7,020.00 Php 2,970.00
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- Consider the following income statement: Sales Costs Depreciation Taxes Calculate the EBIT. EBIT $748,168 486,752 110,700 Net income 23% Calculate the net income.Below are the Income Statement of ABC Company for two consecutive years. ABC Company Net Sales Cost of Goods Soldxs3 Year 1 P 5,000,000 880,000 Year 2 P 6,500,000 950,000a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (25%) Net income $ b. OCF c. Depreciation tax shield 643,700 384,300 136,500 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.
- Fill in the missing numbers for the following statement of comprehensive income. (Input all amounts as positive values. Omit $ sign in your response.) Sales Costs Depreciation EBIT Taxes (34%) Net income Calculate the OCF. OCF $ What is the CCA tax shield? CCA tax shield 733,500 503,300 89,400Consider the following income statement: $ 529,192 344,288 78,300 23% Sales Costs Depreciation Taxes Calculate the EBIT. EBITIf the net sales 1250 000 ID., selling expenses 250 000 ID., Administrative expenses 250 000 ID., the cost of goods sold 1o00 000 ID., the cost of purchases 750 000 ID., the income tax 45 * -:000 ID., the gross profit are 250 000 ID. O 1500 000 ID. ) 1000 000 ID. O no one
- ces a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (23%) Net income 594,000 366,800 116,900 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. b. OCF c. Depreciation tax shieldGiven the following case, calculate the independent effects of a 1 percent increase in Gross Margin, a 1 percent decrease in the TaxRate, and a 5 percent increase in Sales. Sales Cost of goods sold Selling, general, and administrative expense Depreciation Research and development Total costs and expenses Operating Income Interest expense Earnings before Income Taxes Provision for Income Taxes Net Income Base Case $ 2,110 1,477 317 160 51 2,005 105 39 13 1% Increase in Gross Margin $ $ $66 $ Colossal Chemical Corporation Year Ended December 31, 2021 ($000,000 omitted) $53 $ 2110 1491 317 160 51 2019 91 39 52 10 42 $ $ $ $ 1% Decrease in Tax Rate 2110 1477 317 160 51 2005 105 39 66 13 53 $ $ 69 $ $ 5% Increase in Sal 2215 1477 317 160 51 2005 105 39 210 42 1683. Not for profit accounting accounts for expenses in the following manner: NET goods or services (before taxes) plus i. 18% of the former PST portion (8%) of HST* ii. 50% of the former GST portion (5%) of HST** *82% of the 8% is put through an HST recovery line **50% of the 5% is put through another HST recovery line With the above information in mind, please indicate the $ amounts that should be allocated to the Expense and HST Recovery lines. Expense $584.18 HST $75.94 Total $660.12 Enter your answer
- Company C had the following investment. Help them determine the financial statement implications of the investment. Tax rate Estimated tax payment 21% 21,000 Investment cost and ending fair values for 20X1 and 20X2: 20X1 20X2 Cost Fair value Total gain 100,000 110,000 10,000 100,000 134,000 34,000 20X1 income statement information: Sales Expenses 1,670,200 1,536,600 Assuming the investement is short-term, what is the deferred taxes payable on the 20X1 balance sheet?Please answer very fast then i ll upvote Calculate EBIT. Revenue 1,061,751.0 Cost of sales 690,135.0 Selling, general and administration 53,087.0 Other income 11,796.0 Operating income 330,325.0 Interest expense 19,874.0 Profit before tax 310,451.0 Tax expense 46,500.0 Net income 263,951.0 The footnotes mention the following: Cost of sales includes inventory write off costs 39,677.0 Cost of sales includes distribution costs 120,458.0 SG&A includes corporate restructuring expenses 15,570.0 Responses 385,572.0 275,078.0 330,325.0 506,030.06. Sales Costs Taxable Income Income Taxes Income Statement Sales Costs -The most recent financial statements for a company are: Taxable Income € 65.000,00 €45.000,00 € 20.000,00 C 5.000,00 a) Create the pro forma statements and reconcile them. Pro-Forma Income Statement Net Income €15.000,00 Assets and costs are proportional to sales. Debt and equity are not. A dividend of €10.000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be €84.500,00. Net Income Assets Total Income Taxes (25%) € 80.000,00 € 80.000,00 Assets Balance Sheet Debt Equity Total Total b) Determine the external financing needed. € 20.000,00 €60.000,00 €80.000,00 Pro-Forma Balance Sheet Debt Equity Total