CourseLover

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Teaching Since: May 2017
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Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

Prepare an Income Statement for the year ending

Prepare an Income Statement for the year ending 12/31/14 and R/E as of 12/31/14, given the following information:

 

 

 

Sales

$750,000

Gross Profit %

5%

Tax Rate

40%

G & A expenses %

3%

Purchased Asset in '12:

  a) Cost of asset

$100,000

  b) Asset life

3 years

  c) Depreciation Method

MACRS

R/E as of 12/31/13  are $75,000

Dividends for the '14 year are $75,000

 

Answers

CourseLover
(12)
Status NEW Posted 09 Dec 2017 03:12 PM My Price 10.00

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