Answer:
Depreciation and amortization is $7.5 million
Explanation:
If the tax rate is 40%, then the net income is 60%
tax expense=net income*tax rate/60%=$5.4 million/60%*40%=$3.6 million
Depreciation and amortization=EBITDA-tax-interest-net income
EBITDA is $22.5 million
interest is $6 million
net income is $5.4 million
Depreciation and amortization=$22.5 milion-$6 million-$3.6 million-$5.4 million
Depreciation and amortization=$7.5 million
Answer:
C. A credit to Petty Cash for $309
Explanation:
Based on the information given we were told that the PETTY CASH tickets total the amount of $309 which therefore means that the appropriate entry included in the entry to REPLENISH THE FUND will be :
A credit to Petty Cash for $309
(Replenish fund)
B. To focus on a global market.
Answer: 1. STATEMENT 1
2. It has achieved efficiency.
Explanation:
1. The students who will pay for them at that price will receive the vaccines if the university health center sell them for this price. In this case the theory of free market comes into play, those who have the money will get the resources.
2. The free market theory helps to establish efficiency. If the resources were to be distributed for free the demand will exceed supply resulting in inefficient use of resources.
Answer:
intrinsic value: 49.50
value in four years: $ 61.32
value in fourteen years: $ 104.75
Explanation:
we solve using the gordon model:
D0 = 3.05
D1 = 3.05 x ( 1 + 0.055) = 3.21775
Value: 49.50384615
<u>In the future will grow at the same rate as dividends:</u>
price in four years: 49.50 x (1.055)^4 = 61.32182021
price in fourteen years: 49.50 x (1.055)^14 = 104.7465274
