Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. delta ray brands corp. just completed their latest

Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of...

80.2K

Verified Solution

Question

Accounting

Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,039,700. Depreciation and amortization was $873,800, interest expense for the year was $808,200, and selling general and administrative expenses totaled $1,503,900 for the year, and cost of goods sold was $10,391,100 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Wyoming Casings makes one type of plastic shell for calculators.Wyoming expects to sell 160,000...

Accounting
Q

U22P1 In the reflection and refraction lab a beam of white light is passed through a...

Physics
Q

Case Questions : 1. What are the advantages and disadvantages to Apple of outsourcing its production to...

General Management
Q

TOPIC 2: Use Figure 2.6 Maslow's Hierarchy of Needs and the accompanying text in Chapter 2...

General Management
Q

Put the steps of the scientific method in order from start to finish.11. Analyze the...

Biology
Q

The magnitude and direction of the current in the circuit shown will be 192 a...

Physics
Q

Solve for y, where y is a real number.3?y=-3

Basic Math
Q

Els Testing Test The maximum acceptable level of a certain toxic chemical in vegetables has...

Statistics
Q

Saved ensive Problem (Manual Posting) i Brothers Harry and Herman Hausyerday began operations of their...

Accounting
Q

Pringle Corporation has been authorized to issue 20,000 shares of $100 par value, 7%, noncumulative...

Accounting
Q

Possible outcomes for three investment alternatives and their probabilities of occurrence are given next. Using...

Finance
Q

I only need the chart of g.Cash budget there are some data I have...

Accounting