Question: please help it's so hard! Covid Bashers Inc. has the following Balance Sheet and Income Statement for 2019: Cash $ 1,000 Accounts Payable $10,000 Marketable

please help it's so hard!  please help it's so hard! Covid Bashers Inc. has the following
Balance Sheet and Income Statement for 2019: Cash $ 1,000 Accounts Payable
$10,000 Marketable Securities 5,000 Note Payable 5,000 Accounts receivable 10,000 Shareholder Loan

Covid Bashers Inc. has the following Balance Sheet and Income Statement for 2019: Cash $ 1,000 Accounts Payable $10,000 Marketable Securities 5,000 Note Payable 5,000 Accounts receivable 10,000 Shareholder Loan Receivable 2,000 Inventories 14.000 Total Current Assets $32,000 Total Liabilities $15,000 Land Common Stocks 3,000 40,000 20,000 Retained Earnings 90.000 Building (cost - $30,000) Equipment (cost - $20,000) 16.000 Total $108.000 Total $108.000 Sales $200,000 COGS 100.000 Gross Profit 100,000 Activate Window Onerating expenses 72 500 Ch 22 Tool Kit Braxx Operating expenses 72,500 Depreciation 1.000 Interest Expense 500 Total Expenses 74.000 26,000 Income before Taxes Income Taxes (40%) Net Income 4.800 $10.400 Other information: The business does not have a business cycle 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50.000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20.000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15%. Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% . Assume the business will continue as a going concem, what is its NORMALIZED EBITDA (no comma) FOR 2019? Answer Covid Bashers Inc. has the following Balance Sheet and Income Statement for 2019: Cash $ 1,000 Accounts Payable $10,000 Marketable Securities 5,000 Note Payable 5,000 Accounts receivable 10,000 Shareholder Loan Receivable 2,000 Inventories 14.000 Total Current Assets $32,000 Total Liabilities $15,000 Land Common Stocks 3,000 40,000 20,000 Retained Earnings 90.000 Building (cost - $30,000) Equipment (cost - $20,000) 16.000 Total $108.000 Total $108.000 Sales $200,000 COGS 100.000 Gross Profit 100,000 Activate Window Onerating expenses 72 500 Ch 22 Tool Kit Braxx Operating expenses 72,500 Depreciation 1.000 Interest Expense 500 Total Expenses 74.000 26,000 Income before Taxes Income Taxes (40%) Net Income 4.800 $10.400 Other information: The business does not have a business cycle 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50.000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20.000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15%. Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% . Assume the business will continue as a going concem, what is its NORMALIZED EBITDA (no comma) FOR 2019

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