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Helen [10]
3 years ago
10

Rao Construction recently reported $28.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00

million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao's operating income, or EBIT, in millions? a. $12.40 b. $11.66 c. $11.78 d. $13.52 e. $12.15
Business
1 answer:
stich3 [128]3 years ago
6 0

Answer:

a. $12.40

Explanation:

EBIT stands for earnings before interest and taxes; therefore, interest and taxes rates should not be considered. The EBIT is determined as the amount from sales deducted by operating costs and depreciation. The EBIT is:

EBIT = \$28.00-\$12.60-\$3.00\\EBIT=\$12.40

The answer is alternative a. $12.40.

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Answer:

$11,457,522

Explanation:

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7 0
4 years ago
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As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
erma4kov [3.2K]

Answer:

 you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

    Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to  all levels of managers.

6 0
4 years ago
Number of setups 20 20 Machining hours 1000 4000 Orders packed 150 350 Number of products manufactured 600 400 If machining hour
goldenfox [79]

Answer:

$96,000

Explanation:

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4 years ago
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PIT_PIT [208]

Answer:

Retained earnings balance =$54,700

Explanation:

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3 years ago
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ikadub [295]

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<em>B) contradicts the argument and finds that firms that successfully pursue cost leadership and product differentiation simultaneously can often expect to gain a sustained competitive advantage.</em>

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