What is operating income
Operating Income Definition
Operating income $ 240,000 6.0% 6.5%. Other income 84,000 2.1 2.1 $ 324,000 8.1% 8.6%. Other expense 60,000 1.5 1.5 Income before income tax $ 264,000 6.6% 7.1%. Income expense 120,000 3.0 6.0 Net income $ 144,000 3.6% 1.1%. b. The cost of goods sold is 6 percentage points lower than the industry average, but the selling expenses and administrative expenses are 5 percentage points and …
[DOC File]Element of the cash flow statement - New York University
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Income Tax On Net Operating Income: Include the estimated amount of both current and deferred income taxes applicable to item 5. 7. Income Before Securities Gains/(Losses): Item 5 less item 6. If the amount is a loss, enter in parentheses. 8. Gain/(Loss) On Securities: Report the gross amount of all investment security gains and losses realized. Securities gains or losses arise from the sale ...
[DOC File]Savvas
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Operating Income Used interchangeably with EBIT Operating Margin Estimated by dividing the after-tax operating income by the total revenues: Operating Margin = EBIT(1-t) / Sales. To estimate the values for the sector, we use the cumulated values of EBIT(1-t) and sales. The tax rate used is the effective tax rate, averaged across the sector. Reinvestment Rate Reinvestment Rate = (Net Capital ...
[DOC File]AGENDA: VARIABLE AND ABSORPTION COSTING
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Budgeted net operating income for the month is $130,000. Required: Calculate the break-even sales for the month. Calculate the margin of safety in sales dollars. Calculate the operating leverage for both budgeted and actual data. Actual total sales for the month were the same as the budgeted sales--$1,400,000. However, the sales mix changed so that sales by product were: L, $560,000; Z ...
Variables used in Data Set
# Net operating income will be lower under absorption costing than under variable costing because fixed manufacturing overhead cost will be released from inventory under absorption costing. EXTENDED EXAMPLE—FLUCTUATING PRODUCTION. EXAMPLE: Suppose all of the facts are the same as in the previous example of Holland Company except that production and sales are as follows: Year 1 Year 2 …
[DOC File]CHAPTER 16
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Operating income does not include interest expense or tax expense. Operating cash flows include dividends received, interest received and interest paid. However, dividends paid are reported in the financing section of the cash flow statement. Operating cash flow can vary substantially in size and trend from income. Cash flows are free of many accounting options that affect accounting income ...
[DOC File]Financial Statement Analysis-Sample Midterm Exam
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Because this operating income is below the target of $100,000, the output level needs to be greater than 499,999 units and, hence, fixed costs will be $150,000. Second, compute the required output level: Let Q = Number of units to be sold to earn a target operating income of $100,000. Review Exercise 4 . a. 6,000 .20 = 1,200 8,000 .20 = 1,600 10,000 .20 = 2,000 12,000 .20 = 2,400 14,000 .10 ...
[DOC File]Florida Office of Financial Regulation
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The operating income/sales ratio is an example of a. a) turnover or efficiency ratio. b) coverage or liquidity ratio. c) leverage or debt ratio. d) none of the above . 2. Trends observed in historical accounting information. a) can be misleading due to changes in accounting procedures. b) can provide a basis for estimating future trends. c) are likely to be more valuable in turnaround ...
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