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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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andrew11 [14]

Answer:

me if thats alright !!:) thanks

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3 years ago
Explain in three sentences what “a decision to communicate constructively” means
Brilliant_brown [7]

A decision to communicate means to communicate positively, offering help and support, and it doesn’t involve criticism and dispiriting. It a method of communicating more effectively and efficiently. In addition, communicating constructively is a way to present your points to a person or audience so they can understand them.

6 0
3 years ago
Trade agreements can cause jobs to go to countries that provide those jobs
Kryger [21]

Answer:

efficiently.

Explanation:

A trade agreement can be defined as a pact or treaty signed between two or more countries to encourage the free flow (import and export) of goods and services among its members, as well as eliminating or reducing trade barriers such as quotas, tariffs on goods traded.

Trade agreements can cause jobs to go to countries that provide those jobs efficiently because all business entities or firms want to have competitive advantage over its rivals. Thus, business owners who have signed a treaty with other countries would tend to outsource or recruit workers from countries that provide their services efficiently.

5 0
3 years ago
If nations such as Germany, Japan, and the United States prohibited international trade in automobiles, a likely effect would be
Musya8 [376]

Answer:

C. the price effect would become a more significant consideration for each firm that makes automobiles.

Explanation:

The situation above is highly related to the topic about "supply" and "demand." If the nations of <em>Germany</em>,<em> Japan</em> and <em>the U.S.A</em>. prohibits the international trade in automobiles, this will result to a<u> surplus of automobile goods within the country.</u> Since these automobiles were meant to be sold abroad, the prohibition will<em> lower its international demand.</em> Such increase in supply will have a significant effect on the price of the automobiles. This is the reason why each firm should have to consider the situation's effect on the price of the automobiles and related goods.

So, this explains the answer.

4 0
4 years ago
Jackie has been working for a local small business called Personal Wellness for the last three years. It is a retail business th
andre [41]

Answer:

C.

Explanation:

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Characteristics of Wholesaling:

-Wholesalers generally buy merchandise direct from the producers in large quantity mainly in cash.

-They are trading concern having an army of agents and stocks the large quantity of goods, supply or sell goods to the directly or through their agents in small quantities.

-Wholesalers are financially good health. They purchased goods in cash from the manufacturer and sell to the retailers on credit.

-Wholesalers profit margins is very small so that they can maximizes their sales volume to earn maximum profit.

-They deals in limited product line or products.

-They maintain warehouse and godown at different places in the country to facilitate the trade at minimum transportation charges.

They sometimes make the grading of goods under their own name or brand name.

3 0
3 years ago
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