Marcia's pizza shop has sales of$159,600. The cost of goods sold is$77,200and the other costs are$8.700. Depreciation

Fantastic news! We've Found the answer you've been seeking!

Question:

Marcia's pizza shop has sales of$159,600. The cost of goods sold is$77,200and the other costs are$8.700. Depreciation is$1,300and the tax rate is 21 percent. What is the net income (after tax)?

Related Book For answer-question

Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

See More Books

Posted Date: May 19, 2023 05:47 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
The board of directors of Portand Ltd are considering two mutually exclusive investments each of which is expected to have a life of five years. The company does not have the physical capacity to...
Consider a static (one-period), closed economy with one representative consumer, one rep- resentative firm, and a government. The level of capital K and government expenditures G in the economy are...
(Transactions, Financial StatementsService Company) Listed below are the transactions of Isao Aoki, D.D.S., for the month of September. Sept. 1 Isao Aoki begins practice as a dentist and invests...
In a recent year, 21% of all vehicles in operation were pickup trucks. If someone owns two vehicles, is the probability that they are both pickup trucks equal to 0.21 0.21 = 0.0441? Explain why or...
Janes Cream Soda, Inc., makes specialty soft drinks. At the end of 2010, Janes had total assets of $$300,000$ and liabilities totaling $220,000. Requirements 1. Write the companys accounting...
Several complications arose during the course of trying to meet the deadline of January 20 for the Now Wedding rehearsal. Since Lauren was adamant on having the wedding on January 21 (as was Connor...
Design a four-bar mechanism to coordinate three positions of the input and output links given by: 0 = 25,0 = 30; 0 = 35, 0 = 40; 0 = 50, 0 = 60
A winery has the following capacity to produce an exclusive dinner wine at either of its two vineyards at the indicated costs: Four Italian restaurants around the country are interested in purchasing...
How had it come to this? Just that week, on Tuesday, September 9th, the board's Finance and Risk Committee had met and Lehman Brothers management had assured the committee that Lehman Brothers had...
Based on what youve read in this chapterand the conversation with John Baker (and others throughout this book)what appeals to you most about a job as a planner? Do you think this would be a good fit...
You are to enter up the Purchases Day Book and the Returns Outwards Day Book from the following details, then to post the items to the relevant accounts in the Purchases Ledger and to show the...
The marking process for genomic imprinting initially occurs during a. gametogenesis. c. embryonic development. b. fertilization. d. adulthood.
Write a program that prompts a user to enter the name of a file and a word. The input file should be a simple text file that contains a list of words. Use a binary search to look for he word the user...
A business buys a non-current asset for 10,000. The business estimates that the asset will be used for five years. After exactly two and a half years, however, the asset is suddenly sold for 5,000....
In your opinion, what is one of the most relevant news stories of the last few years? Compose a blog about the news story that you select. Engage your audience in the who, what, when, where, and why...
Les has collected stamps in his spare time for years. He purchased many of his stamps at a price much lower than the current market value. Les recently lost his job as a carpenter. Since his wife...
Provide a brief description of the use of Reg A when issuing securities.
What is meant by finding the value of a ventures assets is the same as finding the value of a ventures debt plus equity?
Three Rules (504, 505, and 506) under Reg D relate to the (a) Amount of offerings and (b) Number of investors. Match Rules 504, 505, and/or 506 with each of the following: A. $5 million offering...
Why would you expect retailers to have lower current ratios than manufacturers?
If a companys gross profit ratio has increased, what does that tell us about the volume of sales and selling prices?
You are given the following statement of financial position information about the Nikkigra Company. You are required to comment on the financial position and performance of the company, making use of...

Marcia's pizza shop has sales of$159,600. The cost of goods sold is$77,200and the other costs are$8.700. Depreciation

Question:

Expert Answer:

To calculate the net income after tax we need to subtract the cost of goods sold other ... View the full answer

Entrepreneurial Finance

Students also viewed these finance questions