Nataro, Inc., has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000,
Question:
Nataro, Inc., has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, and a tax rate of 21 percent. What is the net income for this firm?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Sales 742000 Cost 316000 Depreciatio...View the full answer
Answered By
Crystal Jade Altovar
I'm currently a third year college student and my major is Bachelor of Science in Accountancy. I used to work as a part time tutor and my subject was mathematics.
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
Choose any product consumer or trade industrial and describe the factors in each one of the following areas of the uncontrollable environment about which the products marketers must take into...
-
What is the net impact on Dos Santos Companys 2011 net income as a result of this hedge of a forecasted foreign currency transaction? a. $0. b. $400 decrease in net income. c. $1,000 decrease in net...
-
What is the net impact on Black Lion Company's Year 1 net income as a result of this hedge of a forecasted foreign currency purchase? a. $0. b. A $200 increase in net income. c. A $300 decrease in...
-
The system shown consists of 3 cables. For example; cable C12 joins points 1 and 2. The coordinates of point 1 are (6.4, 0, 0) m, those of point 2 are (0, 9.5, -6.1) m, and those of point 3 are (0,...
-
A mercury battery, used for hearing aids and electric watches, delivers a constant voltage (1.35 V) for long periods. The half-reactions are HgO(s) + H2O(l) + 2e Hg(l) + 2OH (aq) Zn(s) + 2OH (aq) ...
-
Discuss how the equipment and menu must harmonize to create a smooth operation.
-
The case study can be completed without GST or with GST using either the rates for Australia or New Zealand. Inventory can be accounted for using either the periodic or the perpetual method. We have...
-
Each of the Big 4 auditors along with Grant Thornton and BDO International provide illustrative financial statements on their web pages. www.pwc.com www.grantthornton.com www.kpmg.com...
-
Mr. Mutwiri opened a business in Meru town at the beginning of the year. During the first month of operation the following transactions were completed. 2014. January 1 Deposited sh 20,000 in the bank...
-
Read the case study and answer the following questions Boomerang Juice Company: A Taste for International Market Located in Perth, Australia, Boomerang Juice is a small enterprise that specializes in...
-
Suppose the firm in Problem 2 paid out $125,000 in cash dividends. What is the addition to retained earnings?
-
Sunset Boards, Inc., is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his...
-
Think of an industry known to you. Do an analysis of the environment it is facing in terms of Porters five forces model.
-
Innovation plan In this assignment I want you to take an organization you have intimate knowledge of - preferably the place you are either currently employed or recently employed-and define a plan to...
-
Being that visual communication is based on what we see rather than what we hear, do you think nonverbal communication should be considered a strong mode of visual communication? Describe situations...
-
What is the accounting equation and why is it important? What is the purpose of the income statement? How do you calculate gross profit?
-
Public administration agencies and administrators take on enormous challenges every day and therefore, they also face many problems and challenges. It is important for administrators to identify...
-
What is the first question that should be asked when determining the amount of retirement income an employer should provide? a. Should other postretirement income sources be integrated with the...
-
For each of the following matrices, use Gaussian elimination on the augmented matrix (A | b) to determine a basis for its cokemel: (a) (b) (c) (d) 9 -6 6-4 369 123 113 2310 2152 -022
-
Write an SQL statement to display all data on products having a QuantityOnHand greater than 0.
-
Time Value Eligibility for a subsidized Stafford loan is based on current financial need. However, both subsidized and unsubsidized Stafford loans are repaid out of future income. Given this, do you...
-
Time Value Eligibility for a subsidized Stafford loan is based on current financial need. However, both subsidized and unsubsidized Stafford loans are repaid out of future income. Given this, do you...
-
Time Value a viatical settlement is a lump sum of money given to a terminally ill individual in exchange for his life insurance policy. When the insured person dies, the purchaser receives the payout...
-
On March 1 of the current year G , who operates a wholesale business, leased a new warehouse space and immediately spent $ 2 0 0 , 0 0 0 improving the interior of the building. The lease contract is...
-
Molecular Products produces three chemicals: B , C , and D . The company begins by purchasing chemical A for a cost of $ 6 5 0 per 1 0 0 liters. For an additional cost of $ 3 2 0 and the use of three...
-
Diveston Inc. purchased 1 , 0 0 0 bags of insulation, on account, from Warmco, Inc. The bags of insulation cost $ 4 . 2 5 each. Diveston paid Giacamini Transporation $ 2 7 6 to have all 1 , 0 0 0...
Study smarter with the SolutionInn App