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
kvv77 [185]
3 years ago
11

Iron Ore Corp. reported free cash flows for 2008 of $91 million and investment in operating capital of $199 million. Iron Ore li

sted $49 million in depreciation expense and $41 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT
Business
1 answer:
wolverine [178]3 years ago
6 0

Answer:

$282 million

Explanation:

Free cash flow = Operating Cash flow - Investment in operating cash flow

91 million = Operating cash flow - 199 million

Thus Operating Cash flow= 91 million + 199 million

Operating Cash flow = 290 million

OCIT= EBIT - Taxes + Depreciation

EBIT= OCIT + Taxes - Depreciation

EBIT= 290 million + 41 million - 49 million

EBIT = $282 million

Iron Ore's 2008 EBIT is $282 million

You might be interested in
On May 3, 2020, Windsor Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers
aivan3 [116]

Answer:

a. Value of Ending inventory  $ 22025

b. Profit=  $ 10429

c. Amount Remitted to the Consignor  $32454      

Explanation:

Windsor Company

Goods Sent on Consignment  90 * $ 480= $ 43,200

Shipping Charges                                              $ 850

Total                                                                    $44050

Cost of One Freezer = $ 44050/ 90= $ 489.44

Cost of 45 Freezers= $22025

The ending inventory value is calculated by multiplying the unit costs with the units at hand.

a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025

Sales by the Consignee           45* $ 780= $ 35100

b. Profit= Sales - (Cost + Expenses) =  $ 35100- ($22025 + $2646)  

= $ 10429

Profit is calculated by subtracting all the expenses and the cost from the sales

Installation Charges                                 $330

Advertisement Costs                                $ 210

Commission (6% of 35100)=                     $2106

Total  Expenses                                      $2646  

c. Amount Remitted to the Consignor = Sales - Expenses=  ( $ 35100-  $2646 )= $32454                        

3 0
3 years ago
Read 2 more answers
Telemarketers are often viewed by consumers in a negative manner as well, even though they are trying to provide service. Why do
evablogger [386]
Telemarketing is highly effective even though most people will respond rudely or just hang up. But in the hundreds of calls a call rep. makes a day there will always be a few that get hooked on the spiel. I don't think anything can be done to improve the image other than not call during evening hours when it is most disruptive. 
3 0
3 years ago
Money demand is given by md/p = 1000 .2y - 1000i. given that p = 200, y = 2000, and i = .10, real money demand is equal to?
Marrrta [24]

The real money demand is equal to $2,60,000

Money demand/ P = 1000+0.2Y -1000i

Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100

=1300

Money demand  /200 = 1300

Money demand  = $1300*200

= $2,60,000

Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.

Learn more about Money demand here:brainly.com/question/24109874

#SPJ4

4 0
2 years ago
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Hard
mojhsa [17]

Answer:

B. 950,000

Explanation:

The value of the building is calculated as the amount of appraisal is $374,000 for Land $1,100,000 for building and $726,000 for equipment which makes a total of $2,200,000 ($374,000 + $1,100,000 + $726,000). The amount of building appraisal is then divided by the total amount of appraisal to calculate the percentage of building appraisal which gives us a percentage of 5% ($1,100,000 / $2,200,000) and then finally this 5% is multiplied by the amount of property cost of Harding which gives us the value of building which is $950,000 ($1,900,000 * 5%).

5 0
3 years ago
A broker moves his office without telling the FREC where he is moving. Two weeks later, a seller comes in and lists his property
FrozenT [24]

Answer:

Yes

Explanation:

In this specific scenario, it can be said that Yes the seller can refuse to pay the broker a commission. This is because the broker's license ceases to be in force when the broker changes his address without notifying the FREC within 10 days. Therefore, since the broker moved and did not notify the FREC where he moved to, and did not register his new address then the seller is within his rights to refuse payment to the broker.

7 0
3 years ago
Other questions:
  • Which of these changes are planned and based on situations that are expected to arise? A. Anticipatory B. Exponential C. Strateg
    8·1 answer
  • In order to finance The Shortbread Shack, a mobile bakery business that services several large Silicon Valley companies, Marcy d
    15·1 answer
  • What do you believe are the best solutions for tackling restaurant reservation?
    12·1 answer
  • A career plan should include all of the following EXCEPT:
    11·2 answers
  • The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts recei
    11·1 answer
  • Leisure Enterprise’s total cost of producing speedboats is given by TC = 10 Q 3 – 4 Q 2 + 25 Q + 500. On the basis of this infor
    6·1 answer
  • A firm has $800 in inventory, $1,400 in fixed assets, $500 in accounts receivables, $100 in net working capital, and $50 in cash
    14·1 answer
  • Can identity theft occur through legitimate access to your personal information? Explain.
    11·1 answer
  • What is an opportunity cost of saving for the future?
    10·2 answers
  • If ABC corporation paid a dividend of $6 per share last year. The stock currently sells for $80 per share. You estimate that the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!