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Amanda [17]
2 years ago
15

Cox Corporation recently reported an EBITDA of $66 million and $5 million of net income. The company has $15 million interest ex

pense and the corporate tax rate is 40.0% percent. What was the company's depreciation and amortization expense? (Answers are in $ millions.)
Business
1 answer:
Dmitrij [34]2 years ago
3 0

Answer:

$42.67 millions

Explanation:

The key to the answer is to find the tax. To do so, start from the net income (which is the result after tax). Divide this by 60% to get the earnings before tax and the apply the tax rate. You´ll get 3.3333... millions of tax. Once you have this just take the Ebitda of 66 mill and dedut the interest, tax, and net income and you´ll get the D & A.

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Answer:

Implied warranty.

Explanation:

Implied warranty is when there are presumed assurance of the performance of a product due to the circumstances of the sale. For example when one purchases a television the assumption is that the television will work. This is the implied warranty when making a purchase.

In this instance Sylvania sells light bulbs and the buyer assumes that the bulbs are safe to use, and will last for a good period of time before they fail.

A violation of implied warranty for example is if one buysa product and it does not work at all. The customer can return the item for replacement.

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3 years ago
Burke Co. is considering the issue of commercial paper and would like to know the yield it should offer on its commercial paper.
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Answer:

8.5%

Explanation:

The computation of the percentage offer on its commercial paper is presented below:

= Annualized T-bill rates + credit risk premium +  liquidity premium

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= 8% + 0.5%

= 8.5%

In order to determine the percentage offer it would be 8.5% by considering all the percentage rate that is mentioned in the question

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3 years ago
According to the national communication association, which skill is considered the most valuable by employers?.
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Explanation:

Listening. Being a good listener is one of the best ways to be a good communicator. ...

Nonverbal Communication. ...

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3 years ago
The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw
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Answer: $117,000

Explanation:

So we are to calculate the Raw Materials purchased during the year.

Logically speaking the following should hold,

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Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory

Slotting in the figures we will then have,

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