Project #2246 - Accounting

A.Brandywine Homecare, not for profit business, had revenues of $12 million in 2011. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was 1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash

1.What is Brandwine 2011 net income

2. Whats Brandywine 2011 total profit margin

3. Whats Brandywine 2011 cash flow

B. Now, supposed the company changed its depreciation calculation procedures ( still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine’s net income, total profit margin, cash flow.

 

1.       What would be his net income’

2.       What would be his total profit margin

3.       What would be cash flow

C. Supposed the change had halved, rather than doubled, the firm’s depreciation expense. Now, would be his net income ,  what would be his total profit margin and what would be his cash flow

D. Assume that Mainline Homecare , a for profit corporation, had exactly the same situation as reported in 3.5 However, Mainline must pay taxes at a rate of 40 percent of pretax ( operating income. Assuming that the same revenues and expenses reported for financial accounting purposes would be reported for tax purposes, redo problem  A  for main line

1.What is mainline net income

 

E Consider South East Home Care , a for profit business. In 2011, its net income  and it distributed $ 500,000 to owners in the form of dividends. Its beginning of year equity balance was $12,000,000.. Use this information to construct the business’s statement of changes in equity. What is the ending 2011 value 

Subject Business
Due By (Pacific Time) 02/10/2013 01:15 pm
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