Answer:
$ 1.75 million
Explanation:
EBITDA stands for Earnings Before Interest, Tax, Depreciation and Amortization. Net Income is Earnings after Interest, Tax, Depreciation and Amortization.
So to find charge for depreciation and amortization we need to reconcile the EBITDA to the Net Income and find the missing figures,
<u>Reconciliation of EBITDA to the Net Income</u>
EBITDA $7.5 million
Less Net income ($2.1 million)
Interest, Tax, Depreciation and Amortization $5.4 million
Less Interest expense ($2.0 million)
Less Corporate tax ($7.5 million - $2.0 million) × 30% ($1.65 million)
Charge for depreciation and amortization $ 1.75 million
If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.
<h2>
What is sole proprietorship?</h2>
A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.
The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.
This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.
When the business owner decides or upon their passing, a sole proprietorship starts and ends.
To know more about Sole Proprietorship, refer to-
brainly.com/question/14593467
#SPJ4
Answer: Overhead cost assigned to Job GH7 is $300.
Explanation:
Given that,
Direct materials placed into production = $5000
Direct labor hours worked = 75 hours
Direct labor rate per hour = $35
Machine hours worked = 200 hours
Factory overhead was budgeted = 100000
direct labor hours were estimated = 25000
Job GH7 consists = 60 units
Predetermined rate = 
= 
=$4
Hence,
overhead cost assigned to Job GH7 = Direct labor hours worked × Predetermined rate
= 75 × 4
=$300
Purchasing power parity is basically the value of money in terms of what can be bought irrespective of market or region.
In the current scenario, Starbucks are expected to cost the same whether in Paris or Seattle. What matters here is the exchange rates.
If Starbucks costs $5 in Seattle and 4 Euros in Paris, the exchange rate is,
Exchange rate = Cost in Seattle/ Cost in Paris = $5/4 Euros = $1.25 per Euro or 4 Euros/$5 = 0.8 Euros per dollar. This means that Euro has more value than the dollar.
The correct answer is c.
Answer:
C. Language and Music.
Explanation:
The letter report has listed salaries of various employees in different departments. The college majors have different salaries who teach different subjects. The salary for social science staff is higher than the language teaching staff. The most significantly different salaries are for language and music college majors.
