1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
salantis [7]
3 years ago
8

Tater and Pepper Corp. reported free cash flows for 2018 of $58.1 million and investment in operating capital of $41.1 million.

Tater and Pepper incurred $15.5 million in depreciation expense and paid $20.9 million in taxes on EBIT in 2018. Calculate Tater and Pepper’s 2018 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.
Business
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

104.6 million

Explanation:

Data provided in the question:

Free cash flows for 2018 = $58.1 million

Investment in operating capital = $41.1 million

Depreciation expense = $15.5

Taxes on EBIT in 2018 = $20.9 million

Now,

EBIT

= Free Cash Flow + Investment in operating capital + Taxes - Depreciation

on substituting the respective values, we get

EBIT = $58.1 million + $41.1 million + $20.9 million - $15.5

or

EBIT = 104.6 million

You might be interested in
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 un
fgiga [73]

Answer:

B 30 percent

Explanation:

Initial cost of production = (2×$10) + (5×$4) + (8×$3) = $20+$20+$24 = $64

New cost of production = (2×$10) + (5×$8) + (8×$3) = $20+$40+$24 = $84

% rise in cost of production = (new cost - initial cost)/initial cost × 100 = (84 - 64)/64 ×100 = 20/64 × 100 = about 30%

6 0
3 years ago
45 points, please help.
kipiarov [429]

The total of the assets in a balance sheet is equal to the summation of the owners' equity capital and the total liabilities of the firm.

<h3>What is a balance sheet?</h3>

Balance sheet is the financial statement of an organization that gives the details about the financial position of the company at the end of the financial period.

In the above case, the total of the assets is $50000 and the total of the equities and liabilities tallies the amount of assets. An image for the same has been attached for better reference.

Thus, the equation of the balance sheet holds true in the case of ABC Rentals.

Learn more about balance sheet here:

brainly.com/question/26323001

#SPJ1

3 0
2 years ago
If the Fed purchases government securities from a commercial bank, which of the following will happen?a.The Fed will increase th
solniwko [45]

Answer:

The correct answer is letter "E": "A" and "B".

Explanation:

In order to accomplish its monetary policy, the Federal Reserve (<em>Fed</em>) buys and sells securities in the open market to control the money supply. If there is more money supply in the open market, loan rates will decrease allowing investors to access more capital. At the same time, the Fed reserves and assets will increment.

3 0
3 years ago
A company has $91,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
lilavasa [31]

Answer:

$5,360

Explanation:

The adjusting entry is shown below:

Bad debt expense  $5,360

       To Allowance for doubtful debts  $5,360

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets

The computation is shown below:

= $91,000 × 5% + $810

= $5,360

8 0
3 years ago
Shiffon Electronics manufactures music players. Its costing system uses two cost​ categories, direct materials and conversion co
lys-0071 [83]

Answer:

1,100 units; 1,050 units

Explanation:

Calculation to determine the equivalent units for direct materials and conversion​ costs, respectively, for​ March

DIRECT MATERIALS CONVERSION COSTS L

Completed and transferred out

1,000 units 1,000 units

(300 units+800 units - 100 units)

Add Work in process, ending

100 units 50 units

(50% Complete*100 units=50 units)

Total equivalent units

1,100 units 1,050 units

Therefore the equivalent units for direct materials and conversion​ costs, respectively, for​ March will be 1,100 units; 1,050 units

4 0
3 years ago
Other questions:
  • Southern Security makes safes for storing valuables. When Ed sold safes for the company, he would deal with a prospect's concern
    11·1 answer
  • Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each month over the coming
    15·1 answer
  • How do you depreciate a building? ​
    5·1 answer
  • If the interest rate is 10​%, what is the present valueLOADING... of a security that pays you ​$1 comma 100 next​ year, ​$1 comm
    12·1 answer
  • Preparing adjusting entries LO P1, P3, P4
    6·1 answer
  • ?????????????????????????help
    9·1 answer
  • Which of Daniel’s reasons for rejecting insurance are reasonable?
    12·1 answer
  • Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ Estim
    5·1 answer
  • A ________ is an unsecured bond, and most of the bonds sold today in the United States are of this type.A) mortgage bondB) deben
    8·1 answer
  • Is Donald Trump a great president or Joe Biden?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!