Papa Roach Exterminators, Inc., has sales of $586,000, costs of $247,000, depreciation expense of $43,000, interest expense
Question:
Papa Roach Exterminators, Inc., has sales of $586,000, costs of $247,000, depreciation expense of $43,000, interest expense of $32,000, and a tax rate of 35 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: 58% (12 reviews)
Given data Sales 586000 Costs 247000 Depreciation expense 43000 Interest expe...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
Suppose the firm in Problem 2 paid out $73,000 in cash dividends. What is the addition to retained earnings? In problem 2 Papa Roach Exterminators, Inc., has sales of $586,000, costs of $247,000,...
-
Suppose the firm in Problem 3 had 85,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What are the dividends per share figure? In problem 2 Papa Roach...
-
Building an Income Statement Mama Roach Exterminators, inc., has sales of $634,000, costs of $305,000, depreciation expense of $46,000, interest expense of $29,000, and a tax rate of 35 percent. What...
-
What implications might the difference in initial training provision between the USA and Germany have for the organisation of work and the character of relationships between managers and...
-
Barone Company has employee stock options outstanding to purchase 40,000 common shares at $14 per share. All options were outstanding during the entire year. The average price of the companys common...
-
Using the Heisenberg uncertainty principle, calculate x for each of the following. a. An electron with v = 0.100 m/s b. A baseball (mass = 145 g) with v = 0.100 m/ s How does the answer in part a...
-
A project has been selected for implementation. The net cash flow (NCF) profile associated with the project is shown below. MARR is 10 percent/year. a. What is the annual worth of this investment? b....
-
HORIZONTAL ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Amounts from the comparative income statement and balance sheet of Miller Electronics Corporation for the last two years are as follows:...
-
Vanessa went to Florida and purchased a laptop for US$920.00 by converting his Canadian money at an exchange rate of C$1 = US$0.9254. After a month, he returned to Vancouver but the exchange rate...
-
Below are the financial statements for reference to teh following topics: 1. Predict the impact of new credit policies or a change in product or markets based on relevant ratio analysis. 2. Discuss...
-
During 2009, Raines Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $105,000, and $135,000, respectively. In...
-
In Problem 19, suppose Raines Umbrella Corp. paid out $25,000 in cash dividends. Is this possible? If spending on net fixed assets and net working capital was zero, and if no new stock was issued...
-
The distance from Grand Rapids, Michigan, to Detroit is listed in a road atlas as 153 miles. Describe some of the factors that contribute to the uncertainty in this number. To make the number more...
-
What is the level of assurance required for an annual financial statement for a reporting issuer?
-
What is a debt covenant?
-
Explain how internal performance reports may be used.
-
One of the most difficult problems facing management is that of how to minimize the transition time between changeover from a purely traditional organizational form to a project organizational form....
-
From an executive perspective, which of the following are the major benefits of a Critical Chain approach? a. Improved cash flow b. Less time to review major projects, with better reporting c. More...
-
Is it possible for a square planar complex to have optical isomers?
-
Is the modified 5-question approach to ethical decision making superior to the modified moral standards or modified Past in approach?
-
Can our goal of maximizing the value of the stock conflict with other goals, such as avoiding unethical or illegal behavior? In particular, do you think subjects like customer and employee safety,...
-
Would our goal of maximizing the value of the stock be different if we were thinking about financial management in a foreign country? Why or why not?
-
Would our goal of maximizing the value of the stock be different if we were thinking about financial management in a foreign country? Why or why not?
-
Journal Prompt for Unit 7 Hide Assignment Information Instructions As part of your journal entry for this unit, choose either Dance and Disability or Dance on Film and discuss why you think that...
-
3. (3.5 pts) A thin annular disk lies in the xy plane, is centered on the origin, and has inner radius a and outer radius 2a as shown in the figure to the right. The disk has a charge density (s) 2...
-
memo to the audit partner on the appropriateness of the allowance for doubtful accounts using the information you have gathered above. The partner may wish to discuss the allowance with PPI's...
Study smarter with the SolutionInn App