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Kryger [21]
3 years ago
11

Income Statement. A firm’s income statement included the following data. The firm’s average tax rate was 20%. (LO3-1) Cost of go

ods sold $8,000 Income taxes paid $2,000 Administrative expenses $3,000 Interest expense $1,000 Depreciation $1,000 What was the firm’s net income? What must have been the firm’s revenues? What was EBIT?
Business
1 answer:
Blababa [14]3 years ago
7 0

Answer:

Revenues: $23.000

Net Income : $8.000

EBIT: $11.000

Please see details below:

Explanation:

Income Statement 2017

Revenues $23.000

Cost of goods sold -$8.000

Depreciation -$1.000

Gross Profit $14.000

Administrative Expenses -$3.000

Net Income Before Taxes and Int $11.000

Interest Expenses -$1.000

Net Income Before Taxes $10.000

Tax RATE 20%  -$2.000

Net Income after Taxes $8.000

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bulgar [2K]

Answer:

Simple payback is 4 years

Total discounted Payback is more than the 5 years which is the payback cutoff period.

Explanation:

Payback period is the time period in which the project recovers the initial cost incurred. Lower the payback period the more beneficial will be the project.

Simple payback = $100,000 / $25,000 = 4 years

Discounted Payback

Discounted payback is calculated by using the present value of future cash flows.

Total discounted cash flows = 22935.78 + 21042.0 + 19304.59 + 17710.63 + 16248.28 = 97,241.28

As sum of all cash flows are less than the initial investment so, total discounted Payback is more than the 5 years which is the payback cutoff period.

8 0
3 years ago
True or fales Data entry in the patient record is a combination of structured and unstructured dat
gtnhenbr [62]
False patient records are very structured so that they know what they have done and when they did it to make further progression
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3 years ago
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77julia77 [94]

Answer:

qualified acquisition debt = $750,000

qualified home equity debt = $0

Explanation:

Qualified acquisition debt refers to the debt incurred to purchase or build your home. In this case, Cary and Bill are allowed to itemize the interests paid for up to $750,000 of the acquisition debt ($375,000 if filing separately). This limit was reduced due to the TCJA of 2017, and will remain in place until 2025. After 2025, the limit will return to the normal $1,000,000.

Certain amount of interests on qualified home equity loans will also return in 2025, but currently they are not deductible.  

8 0
3 years ago
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klemol [59]

Answer:

anti-spam policy

Explanation:

Spam emails are unsolicited emails that are usually sent to a large number of people. Therefore, if the company is trying to reduce unsolicited emails (spam) it should carry out an anti-spam policy.

The problem with spam is that it creates a negative image of the company, since current or potential clients can get annoyed by receiving so many unsolicited emails with advertisements or promotions. Instead of helping the company, spam email damages its.

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3 years ago
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rewona [7]

Answer:

The answer is work outside their own comfort group as they attempt to understand others’ perspectives.

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Stretch goals tend to be a form of job enrichment, where individuals are challenged to perform better than their most recent performance achievement. In the context of group assignment, individuals are challenged to try things outside of their comfort zone. Stretch goals aren’t related to actual physical exercise, thus making answer (B) wrong, and automatically disqualifying answer (D). Nor does it require members to (A) take a break in order to avoid topic-fatigue.  

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