Posted: April 20th, 2022

Assume that a Homecare, a for-profit corporation, had revenues of $10 million in 2018

Assume that a Homecare, a for-profit company, had revenues of $10 million in 2018. Bills aside from depreciation totaled 65 p.c of revenues, and depreciation expense was $1.5 million.
Assume that a Homecare, a for-profit company, had revenues of $10 million in 2018. Bills aside from depreciation totaled 65 p.c of revenues, and depreciation expense was $1.5 million. All income was collected in money and all bills and depreciation had been paid out in money. Nonetheless, this homecare should pay taxes at a price of 25% of pretax (working) revenue. Assuming that the identical revenues and bills reported for monetary accounting functions can be reported for tax functions, please reply

a. Assemble homecare 2018 revenue assertion.

b. What had been homecares’ web revenue, complete revenue margin, and money movement?

c. Now, suppose the corporate modified its depreciation calculation procedures (nonetheless inside GAAP) such that its depreciation expense doubled. How would this alteration have an effect on homecares web revenue, complete revenue margin and money movement?

d. Suppose the change had halved, relatively than doubled, the agency’s depreciation expense. Now, what can be the affect on web revenue, complete revenue margin and money movement?

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Assume a for-profit company, Homecare, had $10 million in income in 2018. Bills aside from depreciation accounted for 65 p.c of revenues, with depreciation expense amounting to $1.5 million.
Assume a for-profit company, Homecare, had $10 million in income in 2018. Bills aside from depreciation accounted for 65 p.c of revenues, with depreciation expense amounting to $1.5 million. All income was collected in money, as had been all bills and depreciation. This homecare, nevertheless, should pay taxes at a price of 25% of pretax (working) revenue. Please reply assuming that the identical revenues and bills reported for monetary accounting functions are additionally reported for tax functions.

a. Create a homecare revenue assertion for 2018.

b. What was the online revenue, complete revenue margin, and revenue margin of homecares?

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