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Vinil7 [7]
3 years ago
14

Moose Industries has a corporate tax rate of 25%. Last year the company realized $14,000,000 in operating income (EBIT). Its ann

ual interest expense is $1,500,000. What was the company’s net income for the year?
Business
1 answer:
ale4655 [162]3 years ago
3 0

Answer:

$9,375,000

Explanation:

Given that

Corporate tax rate = 25%

EBIT = $14,000,000

Annual interest expense = $1,500,000

The computation of the net income is shown below:

Operating Income (EBIT) $14,000,000

Less: Interest Expense $1,500,000

Income before tax $12,500,000

Less: Income tax (25%) $3,125,000

Net Income $9,375,000

We simply applied the above formula to determine the net income

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yaroslaw [1]

Korey's perceptual bias is the fundamental attribution.

Fundamental attribution occurs if an individual tries to explain the behavior of another person based on his/her personality, rather than based on the situation.

This type of bias is shown by Korey because he:

  • Thinks the employee is lazy, which is related to personality features.
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5 0
2 years ago
TB MC Qu. 6-101 Data concerning Bedwell Enterprises ... Data concerning Bedwell Enterprises Corporation's single product appear
Alexxandr [17]

Answer:

Break-even point in units= 6,547 units

Explanation:

Giving the following information:

Selling price per unit $160

Variable expense per unit $91.50

Fixed expense per month $429,490

Desired profit= $19,000

<u>To calculate the number of units to be sold, we need to use the break-even point formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (429,490 + 19,000) / (160 - 91.5)

Break-even point in units= 6,547 units

4 0
3 years ago
Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $5,000 and a fair mark
lawyer [7]

15,900 is my because thats how much only sandra will pay.

8 0
3 years ago
The ratio of expenses for merchandise to cost of labor for a small company is 5:3. They spent a total of $15,000 for these two c
chubhunter [2.5K]

They spend on labor 5625. based on the given situations.

Exertions fee ought to be around 20 to 35% of gross income. slicing hard work costs is a balancing act. locating methods to streamline labor costs is rooted in reducing costs without sacrificing personnel morale or productivity.

Hints from White-Hutchinson enjoyment and studying consulting institution say that restaurant labor costs ought to be available in at much less than 30% of sales, and food and exertions costs ought to be less than 60% of the revenue.

The labor-to-revenue ratio is a monetary analysis device that compares the amount of cash a business enterprise spends on its employees to the quantity of cash it makes in net sales. Dividing hard work value via net sales for a given duration yields this ratio. Multiplying the result through 100 converts it to a percentage.

Learn more about labor costs here: brainly.com/question/26527325

#SPJ4

6 0
1 year ago
Ralph, a regional sales manager, was asked to analyze whether his company should launch a marketing effort to become Right Foods
podryga [215]

Answer:

Switching cost

Explanation:

Switching cost is defined as the cost that is incurred in the course of changing from one supplier to another.Switching cost can be in monetary terms like compensation and termination fees and also in non monetary terms like time , effort and psychological stress.

In the given scenario , the defined activities of Right foods and the intention of Ralph clearly point out the process of potential switch of suppliers , even as the potential switching cost of $0.5 million for termination and $100,000 for replacing of software and retraining of staff are apparent.

4 0
2 years ago
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