Accounting Cashflow

Homework due Friday November 11 ACCOUNTING INCOME STATEMENT, BALANCE canvass CASH point PROBLEMS 1. A allocator purchases reaping from a producer and resells the product to retailers for 20% more than it paid for the product. During this news report period, the distributor had a beginning product breed balance of $10,000,000. It authorized auction pitch of $45,000,000 worth of product and its ending inventory balance was $5,000,000. The deliveries to customers it interchange for 20% more than it paid. in operation(p) Expenses for the accounting period were $1,000,000 without depreciation. disparagement on its offices and warehouse amounted to $1,000,000 for the accounting period. affaire on its revolving place of credit amounted to $3,000,000 for the accounting period. The distributor is taxed at a 40% tax rate.

For Financial Reporting to shareholders, benefit Income for this distributor is: $3,000,000 COGS of change products: $10,000,000 - $5,000,000 + $45,000,000 = $50,000,000 Total revenues: $50,000,000 x 1,2 = $60,000,000 |Revenues |$60,000,000 | |COGS |($50,000,000) | |Gross attain |$10,000,000 | |Operating Expenses |($1,000,000) | |Operating Income |$9,000,000 | |Depreciation ! |($1,000,000) | |EBIT |$8,000,000 | |Interest Expenses |($3,000,000) | |EBT |$5,000,000 | |Tax Expenses |($2,000,000) | | solve Income |$3,000,000 | 2. A keep company spent $40,000,000 from...If you want to purport a full essay, dress it on our website: OrderCustomPaper.com

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