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
Drupady [299]
4 years ago
11

Bulldozer Mining Inc. recently reported $350,000 of sales, $80,000 of operating costs other than depreciation, and $10,000 of de

preciation. The company had $18,500 of outstanding bonds that carry a 6.5% interest rate, and its federal-plus-state income tax rate was 35%. How much was the firm’s net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes.
Business
1 answer:
Jet001 [13]4 years ago
4 0

Answer:

Explanation:

                                                                     $

Sales                                                         350,000

Operating costs                                        (80,000)

Depreciation                                              <u>(10,000) </u>

Profit before Interest & Tax                       260,000

Interest charge @ 6.5%                             <u> (    1,203)</u>

Profit before Tax                                          258,797

Tax @ 35%                                                   <u>(  90,579)</u>

Net Income                                                   <u> 168,218 </u>

I

                         

You might be interested in
A software developer enters into a contract with a new customer to sell a software license and perform installation services. Th
Troyanec [42]

Answer:

A. Three performance obligations: 1. software license 2. installation support 3. technical support services

Explanation:

Under the ASU 2014-09, the obligations of the software developer includes software licensing, installation support as well as technical support services.

This is necessary because the software being developed is peculiar to the company that the software is being made for and as such would require that the software gets licensed by the appropriate council or board, assist with installing the software until personnel have been trained and/or contract expires and also provide support services for the software should it run into any problem while in use.

Cheers

3 0
3 years ago
B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
Gemiola [76]

Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

<h3>What is an original age?</h3>

In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.

Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

Read more about original age

<em>brainly.com/question/26386049</em>

5 0
2 years ago
Chester's product manager is considering lowering the price of the Cone product by $2.50 and wants to know what the impact will
lozanna [386]

Answer:

The contribution margin will decrease by 2.50

Explanation:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

IF sales decreases, then the contribution margin decreases.

That's because, there is less money to pay for the variable cost.

The company will also have to sale more units to break even, as now each units contribution is fewer.

Cone's should evaluate how much their sales are expected to increase for the lower price and be cautious

7 0
3 years ago
Study groups: do they work or not?
Oduvanchick [21]

Answer:

When working on a group project, studying and working within a group will be a necessity, so you need to make it work for you! Studying in groups has its advantages and disadvantages, but the trick is to know when to resort to solo studying and when to go for group studying. Studying with a partner is a valuable way to learn as students help one another at overcoming weak points.

Advantages of Studying in Groups

1. Brainstorming

Studying in groups allows students to share their different thoughts with one another. This notion usually leads to a better learning process, since brainstorming generates new ideas and thus, students learn the same thing but with different perspectives. Open discussion enhances thinking skills and will give you access to others information and as a result, broadens your mind.

2. Clarification Discussions

Students are different and they perceive the same information differently. You can always ask your study mate to clarify a vague point for you and vice versa. Also, this action increases retention and reinforces the ideas, because the more the information is repeated the stronger the memory will be.

3. Motivation Booster

Group studying is the best procrastination solution as it breaks the monotonous learning process and it makes you attentive to what the others are saying. Mock tests and trial quizzes assist those struggling with course materials and those extracting tests and quizzes from them as well.

Disadvantages of Studying in Groups

1. Distraction

The benefits of group studies are a lot but there are also some cons to group studying. You may find it tiresome to stay focused when studying in a group. Sometimes the conversation shifts from studying to trendy events maximizing distraction. Studying alone might be helpful if you need undivided attention to the materials at hand.

2. Lack of Efficiency

Group studying hampers creativity and efficiency and when there are exams on the horizon, efficiency should be the priority. Studying alone will give you time and space to do your personalized studying. Also, when alone, you can focus freely on a certain part because you know you need to and skip other parts that you have already mastered. This allows you to manage your time wisely and prioritise your tasks.

3. Impersonalized Learning

Our brains conceive information differently, and in order to digest information correctly, you have to do it your own way, not another’s. When studying in a group, you might be studying at someone else’s pace, whether it is too fast or too slow, it will not help you with learning. Also, you might lose track of your own questions and the difficulties you might be facing with the subject at hand because students mostly do not want to diverge from the group. Creating personalized study plans for suture references will also save much time if the student loves to follow a plan and a schedule while studying.

Preferring one way over another does not necessarily mean that it is better; however, it simply means that people choose what suits their characters best. For example, a social person might find it difficult to study alone and find it more appealing to talk to people to learn and on the other hand, another social person will choose to study alone because he gets distracted easily with people and he can focus better when alone. In a nutshell, there is no way advantageous than the other; everyone has his own studying methods and each has its advantages and disadvantages.

6 0
2 years ago
In the context of a SWOT analysis, which of the following would be considered a weakness for an organization?
snow_lady [41]
The answer is D. Imitable products and servicesd
3 0
3 years ago
Other questions:
  • Merck, the pharmaceutical company, has taken more than a thousand drugs through the federal approval process and so can do it mo
    7·2 answers
  • Reward power relies upon persuading others based upon giving them some form of reward. It is most appropriately used when:
    12·1 answer
  • Change champions are more likely to make mistakes:_________.
    5·1 answer
  • Managerial accounting reports are a.prepared periodically only b.related to the entire business entity only c.prepared according
    5·1 answer
  • If the contribution margin ratio for france company is 45%, sales were $425,000, and fixed costs were $100,000, what was the inc
    8·1 answer
  • What will happen to the equilibrium price and quantity of airline fares as a result of the following two simultaneous changes (a
    14·1 answer
  • The break-even point in units can be obtained by dividing total fixed expenses by the unit contribution margin.
    12·1 answer
  • “Marketing is Significant for Both Profit and Non-Profit Organizations”Do you agree with this statement? Explain​
    14·1 answer
  • The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 20Y5, the end of the year, and its revenue a
    5·1 answer
  • The daily report performed by the night auditor contains key operating ratios used by management including?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!