Answer:
$152.4 million
Explanation:
The computation of the projected net income is shown below:
As we know that
Net income = (EBIT - interest) × (1 - tax rate)
where,
EBIT = Sales - operating cost
= $700 × 120% - ($700 × 120% × 65%)
= $840 - ($840 × 65%)
= $840 - $546
= $294
The interest expense and tax rate is $40 and 40%
So, the projected net income is
= ($294 - $40) × (1 - 40%)
= $152.4 million
We simply applied the above formula so that the projected net income could be come
Answer:
A self-starter is a person who is motivated to set and achieve goals and takes initiative within the workplace. Self-starters are especially important in the workplace and highly sought after by employers because they can get their job done with supervision and work through issues and perform tasks on their own.
Explanation:
The monetary base is a liability, whereas Treasury notes are assets.
tables that represent the financial position of the federal reserve and commercial banks after this open-market operation:
A $ 300, B $ 300, C $ -300, D $ 300
a negative sign use for reduced values.
<h3>What do we mean by asset?</h3>
A resource having economic worth that a person, business, or nation owns or manages with the hope that it will someday be useful is referred to as an asset. A company's balance sheet lists assets. They are acquired or produced to raise a company's value or improve the operations of the company. Physical commodities like equipment, real estate, raw materials, and inventories are considered assets. Intangible objects like patents, royalties, and other forms of intellectual property are also considered assets.
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Answer:
Sales revenue 392,500
Sales returns and allowances (20,000)
Sales discounts <u> (8,600) </u>
Net Sales: 363,900
COGS (221,000)
Gross Profit 142,900
Freight-out (9,700)
Salaries and wages expense (63,400)
Rent expense (33,500)
Insurance expense <u> (14,600) </u>
Earnings before taxes 21,700
Income tax expense <u> (4,900) </u>
Operating income 16,800
OCI <u> 2,000 </u>
Net Income 18,800
Explanation:
First we solve for net sales.
Then we subtract COGS for Gross profit.
THen we subtract hte expenses and get hte earnings before taxes.
Next the inome tax expense and operationg income
then we put htis along with OCI for thenet income of the period.
