Answer:
$7.88 million
Explanation:
Net Income = (EBITDA- Interest - Dep)*(1-tax)
Net income = 9.7
Earnings before interest, taxes, depreciation and amortization; EBITDA = 29.60
Interest = 6.8
tax = 35% or 0.35
9.7 = (29.60 - 6.8 - Dep)(1-0.35)
9.7 = (22.8 - Dep)*0.65
Divide both sides by 0.65
9.7/0.65 = 22.8- dep
14.9231 = 22.8 -dep
Dep = 22.8 - 14.9231
Dep = 7.8769
Therefore, depreciation and amortization expense is $7.88 million
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It is compute the dilutes earnings per share. I think it’s B.
Answer:
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Answer:
$8,200
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.
So the cost of goods sold =
800 x $9 = $7200
100 × $10 = $1000
Total cost of goods sold = $7200+$1000 = $8,200
I hope my answer helps you
