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
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

You might be interested in
By sending postpurchase letters and giving guarantees on products, marketing managers can help reduce _____. selective exposure
zavuch27 [327]

Cognitive dissonance, which is the mental discomfort between two contradictory ideas. Customers may experience cognitive dissonance when they spend a lot of money and feel regret even for a purchase that they enjoy.

3 0
3 years ago
Mineral-rich Democratic Republic of the Congo is one of the world's most important sources of uranium. It also is a source of co
ratelena [41]

Answer: Two

Explanation:

According to the paragraph above, the DRC produces both cotton and cottonseed. Both of these are cotton products. First the cotton that surrounds the seed is removed by the process of ginning and then processed for clothing.

Then the cottonseed can also be processed to extract the oil contained in it. This oil can be used to make candles, cosmetics and insecticide. After the oil is extracted, the seed can then be used to feed livestock.

3 0
2 years ago
--IMPORTANT--
lina2011 [118]

Answer:

See explanation

Explanation:

Some of the advantages and conveniences of buying internationally are as follows:

1. Revenues are expanding;

2. Competition among firms will be decreasing;

3. Diversifying the risk management;

4. Getting the chance to specialize (1);

The difference between buying a shirt made in Canada, but find the same one made in China is the availability of raw materials. The same raw materials can be found in various countries with the help of international trade. Transportation makes the difference either. The final difference is where you are staying. If you stay in Canada, you might get the Canadian shirt cheaper than the Chinese one. Again, if you stay in China, you might find the cheaper price in China. If you do not stay in both of the countries, it will be difficult to assume.

References:

1. Martinuzzi, B. (2018). What Are the Advantages of International Trade? Retrieved from https://www.americanexpress.com/en-us/business/trends-and-insights/articles/advantages-international-trade/

2. Herrera, S. (2018). International e-commerce: Advantages and disadvantages of marketplaces. Retrieved from https://www.handelskraft.com/2018/09/international-e-commerce-advantages-and-disadvantages-of-marketplaces-5-reading-tips/

5 0
3 years ago
What can you expect when you ask clients for testimonials?
Bogdan [553]
Most clients rather than write out a testimonial are more willing to approve a testimonial that you've written as it saves time for them and improves their relationship with you.
5 0
3 years ago
If a special sales order is accepted for​ 8,100 widgets at a price of​ $39 per​ unit, and fixed costs increase by​ $13,000, how
Lana71 [14]

Answer:

D) Increase by $68,000

Explanation:

The computation of change in the operating income is shown below:

Sales ( 8,100 widgets × $39) $315,900

Less: Variable cost (8,100 widgets × $29) ($234,900)  

Contribution margin $81,000

Less: Increase in fixed assets -$13,000

Net income increased              $68,000

We simply applying the above format so that the change in the operating income could be find out. Since the net income is in positive so it shows an increment

8 0
3 years ago
Other questions:
  • At the beginning of the year, Zinc Inc. estimated that overhead would be $115,000 and direct labor hours would be 23,000. At the
    14·1 answer
  • A. alice produces more lemonade and betty produces more pizzas.
    14·1 answer
  • In a QSPM​ analysis, would it ever be appropriate or useful for a company not to include a weight column at​ all, but rather tot
    10·1 answer
  • Suppose​ Mary, the owner of the Chic Dress​ Shop, says to​ Peter, a​ painter, "If you promise to paint my store by July​ 1, I wi
    12·1 answer
  • ​Coleman, Inc. provides the following data from its income statement for​ 2017:Net Sales​$500,000Cost of Goods Sold​(200,000)Gro
    12·1 answer
  • A fair coin is tossed 3 times in a row. What is the probability that heads appears on only the last toss?
    13·2 answers
  • What risk-related concept does the following question attempt to measure? In approximately how many years do you plan to retire?
    8·1 answer
  • Every organization needs some degree of flexibility and standardization. True False Being overly committed to following rules ca
    9·1 answer
  • Explain the limitations of statistics
    7·1 answer
  • In recent years, rules have tightened such that those who work for the U.S. government in trade negotiations are now restricted
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!