Dividends that were paid last year = $200
Retained earnings = $522
Net Income = Retained earnings + Dividends paid = 200+522 =722
Tax rate was 38%.
Earnings before tax (EBT) = Net income/ (1-tax rate) =722/(1-0.38) = 1,164.52
Interest expense= 624
Earnings before interest and tax (EBIT) = EBT + interest expense = 1,164.52 + 624 = 1,788.52
Earnings before interest and tax (EBIT) = 1,788.52
Answer:
C. Often pay a lower interest rate during the first few years.
Explanation:
I just took the quiz and got it right.
Answer:
3) owes the company for towing her car under an implied contract
Explanation:
An implied contract is formed when both parties mutually agree to a contract without necessarily having a signed written contract. In this case, Carl called the towing company and requested the service, so she agreed to her car being towed and therefore must pay for the services.
Answer:
A promotional plan of a company refers to the promotional mix. This mix contains decisions regarding the company which would put them on the path of growth and lead them towards success.
This consists of decisions regarding the manufacturing procedures, marketing decisions, market niche decisions, customer care services if required, promotional decisions, planing and strategic organizational decisions and etc.
