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
Stewart soaps began business by issuing 25,000 shares of $5 par value common stock for $20 per share. during its first year, the
larisa [96]
Issuing 25,000 shares of $5 par value common stock for $20 per share.

Cash (25,000 x 20)                           500,000
         Common stock (25,000 x 5)                          125,000
         Additional Paid-In Capital (25,000 x 15)           375,000
 
The net loss will only be reflected as a deduction from retained earnings. Retained earnings is where the net income or net loss of the company will be under in the year-end balance sheet. It is the balance of all income and loss the company has since its inception. 
6 0
3 years ago
A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays intere
DanielleElmas [232]

Answer:

$54.17 per bond

Explanation:

the journal entry to record the issuance of the bond:

Dr Cash 1,100

    Cr Bonds payable 1,000

    Cr Premium on bonds payable 100

The bond premium amortization using straight line amortization:

$100 / 30 = $3.33 per coupon payment

journal entry to record coupon payment:

Dr Interest expense 41.67

Dr Premium on bonds payable 3.33

    Cr Cash 45

the yearly interest expense = $41.67 x 2 = $83.34 x (1 - tax rate) = $83.34 x 0.65 = $54.17

5 0
3 years ago
What is angelica's overall debt to credit ratio?
Schach [20]

Your Debt-to-Credit Ratio is Part of Your Credit Score. In the most basic terms, your debt-to-credit ratio — or credit utilization ratio, or balance-to-limit ratio — is the amount of debt you currently have, versus the amount of credit you have available.

6 0
3 years ago
A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,2
cestrela7 [59]

Answer:

add all them and there u go

Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30%     hope that helps

8 0
3 years ago
How, specifically, do equal employment laws apply to personnel recruiting activities?
dimulka [17.4K]

Equal Employment laws protect employees from facing discrimination in the hiring process.

Explanation:

Equal Employment Laws are there to protect the right of a candidate to have equal opportunities compared to their peers and not to be discriminated against in terms of caste, creed, race or gender when in the recruiting activities.

This law exists to provide equal opportunities to the candidates to be able to be selected on merit for the jobs and not to be left behind because of their disadvantages in the social strata from employment as long as they are capable for the jobs.

6 0
2 years ago
Other questions:
  • The Microsoft/Nokia alliance that had hundreds of pages to specify each partner's responsibilities would be closest to the _____
    5·1 answer
  • Buffalo bill's publicity agent, john burke, used _________ to promote bill's wild west show.
    5·1 answer
  • Let the equation c = 2.32 n + 34,180 represent the cost of raising a child, c, on an income, n. if the corlone family has an inc
    7·1 answer
  • To reduce a current account deficit, a country must increase its private saving, reduce domestic investment, or cut its governme
    6·1 answer
  • If the price falls by 50% and the quantity demanded falls by 25%, find cross price elasticity of demand
    5·1 answer
  • Ashley and Benjamin are the sole owners of Super Corporation. Ashley owns 40% of the stock and Benjamin owns 60%. Several years
    13·1 answer
  • An executive in a computer software firm works with his office door closed. At the same time every hour heopens the door to see
    9·1 answer
  • Mills Corporation's balance sheet included the following information: Accounts Receivable $ 560,000 Less: Allowance for Doubtful
    8·1 answer
  • True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
    12·1 answer
  • According to the consumer behavior model, what are the major categories of influence on the purchase decision process
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!