Question: 5. Based on the information given in Table, calcujate the dividends paid in 1996. March 199 $1,500 750 1,125 4500 7,500 1,500 750 Net income
5. Based on the information given in Table, calcujate the dividends paid in 1996. March 199 $1,500 750 1,125 4500 7,500 1,500 750 Net income Accounts receivable Accumulated depreciation Common stock Capital surplus Retained eamings Accounts payable Marsh 199 $3,000 750 1,500 8,250 8250 2.250 750 A $3,750 a: 33,000 C. $750 D. $2,250 6. Based on the information contained in Table, what was Bird Industries' operating profit margin? Sales Cost of goods sold Gross profit Operating axpenses Depreciation EDIT Interest expense EBT Taxes Net Income 84,000 06.400 17,600 (13,000) (R00) 4,000 3.500 i.500) 2.000 A 21% B. 4.8% C. 42% O. 2.4% 7. Using the information provided, calculate net income for 2013. Assume a tex rate of 35 percent. 2013 $5,000 200,000 5,000 100,000 10,000 30.000 Year Inventory Revenues Depreciation expense Cost of goods sold Interest expense Operating pen0 A $35,750 B. $44,000 C. 550,000 D. $19,250 8. Pearts, Inc. had sales in 2013 of $2.1 million. The common stockholders received $600,000 in cash dividends. Interest totaling $150,000 was paid on outstanding debts. Operating expenses totaled $300,000, and cost of goods sold was $500,000. What is the tax liability of Pearls, Inc.? 2013 U.S. Corporate tax rates are shown below: Marginal Tax Rate 15% 25% 34% 39% 54% Taxable Income 30-950,000 $50.001-575.000 375.001-5100000 3100.001-4335 000 3335.001-410.000,000 $10.000.001-515.000.000 35% $15,000 001-418 333,333 bex Over $18.333 333 Mer Price Merk Beok Formu 35% A. $335,000 B. $391,000 C. $150,000 D. $300,000
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