Homework answers / question archive / A company has an operating profit or EBIT of $754,000 in 2019 and paid interest totalling $53,000

A company has an operating profit or EBIT of $754,000 in 2019 and paid interest totalling $53,000

Accounting

Share With

A company has an operating profit or EBIT of $754,000 in 2019 and paid interest totalling $53,000. Its tax rate is 25%. What is its Net Operating Profit After Tax?
(a) $579,000 (b) $564,000 (c) $541,000 (d) $526,000

Option 1

Low Cost Option

Download this past answer in few clicks

3.94 USD

PURCHASE SOLUTION

Already member? Sign In

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 9 times

Completion Status 100%

View Answer

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)

Related Questions

1 Nick Frost would like to value Automaton Inc
Accounting Standards amp Regulations ndash 22420 ndash SUMMER 2022 1 ASR Assignment 1 20 Background You are a recent accounting graduate and have been employed as a financial reporting analyst at ASIC
Cash Prepard costume Land Building Acumulated Fixtures Accumunta 37 Notes payable Accounts payable Uhartea ncome nxes Capital stock Retained earnings Dividends Admissions revenue Concessions revenue Salaries expense Costume Tental Utilities expense Depreciation Deprecration 8 200 1 800 80 000 150 000 18 500 18 000 4 500 100 000 5 700 1 500 4 700 9 000 26 400 9 000 180 200 19 600 57 400 2 700 7100 4 000 2 4001 8 500 21 000 370 1001 370 100 Interest expense com taxes Date Dec 31st 600 Dec 31st 500 Dec 31st Adjunsting Entries Off Campus Playhouse September 30th 2021 Account D Costume rental expense 600 Prepaid costume rental Depreciation expense 500 Accumulated depreciation building Depreciation expense 300 Accumulated depreciation fixtures Interest expense 1062 Interest payable Admissions revenue 500 Unearned admissions revenue nursi Accounts Receivable 4600 Concessions revenue Salary expense 2200 Salary Payable Income taxes expense 3600 Income taxes payable 300 Dec 31st 1062 Dec 31st 500 Dec 31st 4600 Dec 31st 2200 Dec 31st 3600 Dec 31st Cash Accounts receivable Office supplies Prepaid rent Unexpired insurance Office equipment Accumulated Accounts payable Interest payable mcome taxes 40 585 2000 205 1 200 270 54 000 35 250 1 400 360 1 750 9 000 3 500 30 000 8 000 1 000 60 000 Note payable Uncained retainer Capital stock Retained carnings Dividends Client fees carned Ume supple39s Depreciation Rent expense Insurance expense Salaries expense Interest expense THCOTTU TXUS 605 8 250 5 775 1 010 27 100 360 6 900 149 260 Totals 149 260 Cash Account cevable 2000 1500 Oflice walls 205 Prepaid 1200 Unwrance 278 SESO 300 Office equipment 54000 06 40 SS 3500 ort 006 180 54000 Interestatie Accumulate Gern Accounts payable 35250 1400 750 di Payable 360 60 Income table Notepayable 1750 9000 600 und eine Catalok Red caring 2500 3500 10000 8000 16000 1400 420 OSEE 9000 1000 10000 1000 1900 Didende 1000 Cliente Inc Incompete Office wollen Depreciation expense of Rentgen 8210 9775 750 100 TOO 60
210 of what amount is 1732
Toronto General Hospital is reviewing ways of cutting the cost of stocking medical supplies
Coronado Corporation issued 356 shares of 10 par value common stock and 148 shares of 50 par value preferred stock for a lump sum of 19728
University of the East Manila ACCOUNTING BAT 421 PROFESSIONAL PRACTICE OF ACCOUNTING 1The primary duty to enforce the provisions of RA 9298 and its IRR rests with a
Identify and research a large service business in your pathway
Question 1 Marks 10 The following information is directly from the books of Hamiliton Engineering Pty Ltd For each of the items below Allocate to the correct components element of financial statements
On January 1 2021 Whispering Inc

menu