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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Share Outlook contact as so recipients can import them directly into their contact lists in...

Biology
Q

Can I have eight to ten sentences (paragraph form) describing of the Parthenocissus quinquefolia (Virginia creeper)...

Physics
Q

You place a crate of mass 31.6 kg on a frictionless 3.00-meter-long incline. You release the...

Physics
Q

1) a. How can a galvanometer be used to determine emf in a circuit? b. What two...

Electrical Engineering
Q

The department has been approached by the school superintendent about starting a Fire and Life Safety...

Mechanical Engineering
Q

are placed concentrically in air B is given a charge Q and A is earthed...

Physics
Q

34 Find the currents in different resistors shown in figure 89 www 292 www 20240...

Physics
Q

A ={9, 3, 11, 7} B = {3, 5, 7, 9, 11, 13} C =...

Algebra
Q

Your answer is partially correct. Swifty Company understated its 2021 ending inventory by $30,400. Determine...

Accounting
Q

what is the maximum amount of tax-exempt contributions a Missouri taxpayer may make to an...

Accounting
Q

When reviewing the income statements of a firm prepared under both absorption costing and variable...

Accounting
Q

d. If you work at a company for a whole career, you retire on your...

Accounting