2 Compute the Net Income. Service Income Php 356,867.00 Prepaid Rent Interest Expense 16,800.00 1,523.00 21,786.00 Barney's drawing Taxes 4,544.00 3,651.00 Utilities Expense
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- Base on the income statement below, and if my Ave total assets is 1,725.What is my Return on assets? Formula:Return on Assets = Net Income (before Interest znd Tax) / Average Total assets Thanks in Advance, expert!Net pofit whew prods ppft is 640 corhiage sarriage inuoardls outward rent received and Othes expeses Qre I3600 will be.Tolpon/MADP IL Pert 3. Here is a table followed by two advertisements -one for a horme to rent and one for a home to purchase. a) Complete the table. If there is not payments required for a particular spot, put n/a (not applicable) in that spot. For any mortgage calculations, assume a 25- year amortization, 7% interest, and an original principal of $130 000. b) Describe two advantages of selecting the "rental" option and two advantages of selecting the "purchase" option. House for rent 3-bedroom house, ranch style, close to schools, 1400 sq. ft. above ground swimming pool, 2 bathrooms, paved drive, large deck, $1150/month + gas heat. First and last + $250 security required. House for sale 3-bedroom, 2 ½ baths, renovated kitchen, 1450 sq. ft. finished basement with gas fireplace, CIA, 2-car garage, $174 000. Taxes approx. $175/month. Dontal Durehaee Cynonen
- Using this data, compute the company’s value of interest coverage ratio:Net Income: 140Income tax expense: 110Interest expense: 50a) 6b) 3.75c) 4.75d) 6.25Question for income statement : BAYAN INVESTMENT CO. (K.S.C.P) a. List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?cons Liz Roge: ,annual, end-e firm's detailed ction attributa ch loan paym m's annual lo ization schedr st expense wi
- Use AstroTurf Company's income statement below to answer the following questions.Operating costs (excl. depreciations & amortization): $4.5mDepreciation and amortization: $1.5mInterest: $0.7mNet Income: $2.8mTax Rate: 35%a. Calculate AstroTurf’s EBITDA. Provide a step-by-step explanation for how you arrived at your above solution as though you were teaching a student to solve this type of problem. Provide a clear explanation, showing any steps or processes used to reach the answer.b. What level of sales would generate a net income of $4.2m for the following year, knowing that operating costs (excl. depreciation and amortization) will increase by 7.5%, and given a 35% tax rate. Provide a step-by-step explanation for how you arrived at your above solutionCalculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 30000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000.Refer to RE5-1. Prepare a single-step income statement for Brandt Corporation for the current year.
- What is the fixed charge coverage ratio? Answer in the form of 3.2x (one decimal place) Assume: 1. Tax rate - 25% 2. Depreciation - $2mm 3. Capital Expenditures - $3mm 4. Pre-tax net Income - $20mm 5. Interest expense - $4mm 6. Debt due within one year - $7mm 7. Accounts receivable - $2.5mm1. prepare an estimated income statement for 20Y7.windaer Lomparry buyan speratiuma un Jeruary 1, 2018. and uaa the everupe-coat muthud of pris ng imentury. Munagement a cortLmpluting a hungs ir iventury me.hada far 2021. The fuloniry infurmation ia evai uble for the peara 2018 202o. Net Income Computed Using FIFO Method S19.030 21.010 24,050 LTFO Method Average-Cost Method $16,130 17,910 25.120 2018 $12,070 10,70 2014 2020 () Prepare the juurnal entry resoury io rucord e dharye from the arrege oal mslhud te the PIFU malhud in 2021. (Creult acrouwl Etles ure uulomalcaly maented when amount is entered. De mot mdent mamally. If no entry s reyurcd, seleet "Ne tntry" for the and enter o for the amounts. ) Account Titla and txplanalion Debst Crudit (b) Deturmine net inceme ta be rup:rted for 2018, 201s, and 2020, aftar giving uffect to the charge in accountirg principle. Net Tarame 2018 2019 (c) Assume Windsor Company used the LIFO method instead of the average cost method during the years 2018-2020. In 2021, Wintsor changed to the FIFO…