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
Mamont248 [21]
3 years ago
15

Catering Corp. reported free cash flows for 2008 of $8.14 million and investment in operating capital of $2.14 million. Catering

listed $0.95 million in depreciation expense and $2.14 million in taxes on its 2008 income statement. What was Catering's 2008 EBIT
Business
1 answer:
Neko [114]3 years ago
6 0

Answer:

Catering's 2008 EBIT is $11.47 million

Explanation:

Operating cash flow = EBIT + Depreciation – Taxes

Also the same as EBIT = Operating cash flow - Depreciation + Taxes

When Operating cash flow = Free cash flows + Investment in operating capital

OCF = $8.14 million + $2.14 m illion

Operating cash flow = 10.28 million

EBIT = Operating cash flow - Depreciation + Taxes  

EBIT = 10.28 million - 0.95 million + 2.1 4 million

EBIT = $11.47 million

Catering's 2008 EBIT is $11.47 million

You might be interested in
Land costing $79,700 was sold for $90,300 cash. The gain on the sale was reported on the income statement as other revenue. On t
Ray Of Light [21]

Answer:

$90,300

Explanation:

As we know that the investing activities of the cash flow statement deals with the purchase and sale of the assets. The purchase of the assets represent the cash outflow and the sale of the asset represent the cash inflow

So according to the given situation the investing activities should report the sale value of the land i.e. $90,300 in a positive amount as it is a cash inflow

8 0
3 years ago
identify five business functions that are applicable to the scenario above.Motivate your answer by quoting from the scenario ​
zavuch27 [327]

Answer:

heheheheheheheheheheheheheheheheheheheheheheheheheheheheeheheheheheheehehehehehe.

8 0
3 years ago
Hey i need Gilmjr9740 and cookie on my question
shepuryov [24]

Answer:

hello

Explanation:

My love, do you ever dream of

Candy coated raindrops?

You're the same, my candy rain

Have you ever loved someone

So much you thought you'd die?

Giving so much of yourself

It seems the only way

Tell me what you want and I

And I will give it to you

'Cause you are

My love, do you ever dream of

Candy coated raindrops?

You're the same, my candy rain

My love, did you ever dream

That it could be so right?

I never thought that I would find

All that I need in life

All I want, all I need now, I know

I know I found it in you, I found it in you

CANDY RAIN LYRICS

6 0
3 years ago
The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
LUCKY_DIMON [66]

Based on project management, the <u>Network Diagram</u> is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.

<h3>Network Diagram in Project Management</h3>

Generally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.

<h3>Benefits of a Project network diagram</h3>
  • Visual representation of work or project in progress.
  • Ascertaining project workflows.
  • Tracking dependencies and potential stoppages.

Hence, in this case, it is concluded that the correct answer is Network Diagram.

Learn more about Network Diagram here: brainly.com/question/8147877

4 0
3 years ago
Joker Corporation owns 80% of Klue Corporation. Joker Corporation also owns 45% of Lion Corporation and 45% of Mark Corporation.
Sedaia [141]

Answer:

Option "C" is the correct answer to the following statement.

Joker, Klue, and Lion Corporations

Explanation:

A group of controlled business is described as a community of two or more companies, businesses or firms.

Joker Corporation purchases 80%, 45% and 45% of Klue, Lion and Mark Corporation respectively.

Klue Corporation purchases 40% and 10% of Lion and Mark Corporation.

In this situation, Joker corporation is created a Parent-subsidiary relationship with other firms. where Klue corporation creates brother-subsidiary relation with  Lion and Mark corporation.

3 0
3 years ago
Other questions:
  • A bond will pay $80 in interest at the end of each of the next three years, plus $1,000 at the end of the third year. If it has
    12·1 answer
  • Creative Crew is a direct-marketing company that sells merchandise such as T-shirts, customized coffee mugs, calendars, key chai
    15·2 answers
  • Write down parts of the report
    11·1 answer
  • SweetTooth Candies is a U.S.-based company that manufactures and distributes candy bars and snack foods globally. The company so
    14·1 answer
  • Which of the following describes the ledger?
    9·1 answer
  • One of the reasons the reporting of national news is relatively uniform among news source is that
    10·2 answers
  • Merchandise that arrives in the delivery truck ready to be sold is considereda. Floor-readyb. Lead time synchronized c. Synthesi
    7·1 answer
  • Suppose the following table displays the production levels of capital goods and consumption goods of the towns of Broseley and I
    10·1 answer
  • Book value of a bond (principal + interest payable) at the beginning of the year = $100 Market value of the bond (principal + in
    7·1 answer
  • Can somone awnse r my math question in my questions on my profile caus im low in math
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!