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Gnoma [55]
3 years ago
6

Colby Corporation has provided the following information Operating revenues from customers were $199,700. ·Operating expenses fo

rthe store were $111,000. Interest expense was $9,200. Gain from sale of plant and equipment was $3,300. Dividend payments to Colby's stockholders were $7,700 Income tax expense was $36,000 Prepaid rent expense was $5,000 How much was Colby's net income? a. $39,100 b. $48,300 c. $52.700 d. $46,800
Business
1 answer:
topjm [15]3 years ago
4 0

Answer:

d. $46,800

Explanation:

Operating revenues   $199,700

Less:

Operating expenses  <u> $111,000</u>

Operating Profit           $88,700

Less:

Interest expense         $9,200

Income tax expense   <u>$36,000</u>

Net Income                 $43,500

Add:                

Gain from sale           <u> $3,300  </u>

Total Net Income        <u>$46,800</u>

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The contribution margin approach helps managers in short-term decision making because it ________
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The contribution margin approach helps managers in short-tern decision making because it reports costs and revenues at their current value. 

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3 years ago
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The one-year forward rate of the British pound is quoted at $1.63, and the spot rate of the British pound is quoted at $1.60. Th
AysviL [449]

Answer:

The forward is discount, which is -1.8%

Explanation:

The forward rate is the rate of interest that is applicable or applied to the financial transaction, which will happen in the near future.

The percent is computed as:

= (Spot rate / Forward rate) - 1

where

Spot rate is $1.60

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Putting the values above:

= ($1.60 / $1.63) - 1

= $0.9815 - 1

= -1.8 %

which is forward discount.

8 0
3 years ago
As defined in the Investment Advisers Act of 1940, the term "person associated with an investment adviser" would include all of
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Answer:

A) an employee of the firm with a degree in communications whose job is the graphic design of the investment adviser's research publications

Explanation:

In this case, the employee who performs tasks related to graphic design, but doesn't carry out any function similar to an associate partner or director of an investment adviser, is not considered a "person associated with an investment adviser". Even if that person actually worked for the investment adviser, his/her functions are considered clerical, the same as a secretary or receptionist.  

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3 years ago
Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
NemiM [27]

Based on the amount it would cost to build the machine and the interest rate as well as the payoff, the following are true:

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a. The machine will take a year to build which means the payoff will only start coming in next year.

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= $1,333

NPV is:

= 1,333 - 1,000 cost

= $333

B. If the amount produced increases by 1%, you should use the Gordon Growth Model:

<em>= Next payoff / ( Interest - Growth)</em>

=70/ ( 5% - 1%)

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Take this to current year:

= 1,750 / 1.05

= $1,667

NPV will be:

= 1,667 - 1,000

= $667

Find out more about NPV at brainly.com/question/7254007.

3 0
2 years ago
The process of putting strategy into action is known as:_________a. Environmental analysis.b. Strategy formulation.c. Strategic
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Answer:

d. Strategy implementation.

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After strategic planning, which is the definition of the action plans necessary for a company to achieve the defined objectives and goals, it is the phase of strategic implementation, which is the process of executing the plans defined in the planning stage.

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