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xeze [42]
3 years ago
12

Wilma's Widgets had net sales of $ 20,882,696 in 2010. The cost of goods sold was $ 13,765,751 , operating expenses (excluding d

epreciation) were $ 2,014,441 , interest expenses were $ 663,090 , depreciation expense was $ 1,221,755 , and dividends paid were $ 452,135 . The firm's tax rate is 35 percent. What did Wilma's Widgets report as earnings before interest and taxes (i.e., operating profit) in 2010
Business
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

Wilma's Widgets will report $3,880,749.00     as earnings before interest and taxes (i.e., operating profit) in 2010

Explanation:

Earnings before interest and tax= net sales-cost of goods sold-operating expenses-depreciation

net sales is $20,882,696

cost of goods sold is $13,765,751

operating expenses  are $2,014,441

depreciation is $1,221,755

earnings before interest and tax=$20,882,696- $13,765,751- $2,014,441-$1,221,755=$3,880,749.00  

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You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for
FinnZ [79.3K]

Answer:

$86,166.31

Explanation:

We use future value (FV) formula as follows:

Step 1: Calculation of amount to have after five years:

Five years FV = $10,000 × (1 + 0.1)^5

                       = $10,000 × (1.01)^5

                       = $10,000 × 1.61051  

Five years FV = $16,105.10  

Therefore, $16,105.10  will be realized after five years.

Step 2: Calculation of amount to have after twelve years:

Twelve years FV = $16,105.10 × (1 + 0.15)^12

                            = $16,105.10 × (1.15)^12

                            = $16,105.10 × 5.35025010547371  

Twelve  years FV = $86,166.31  

Therefore, you will have $86,166.31 after 17 years.

4 0
3 years ago
Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by
abruzzese [7]
The answer is D. $251,700
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3 years ago
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The process of associating numerical amounts to the elements in the financial statements is called:________
Taya2010 [7]

The process of associating numerical amounts to the elements in the financial statements is called <u>Measurement</u>.

Financial statements are written data that supply a business enterprise's industrial company activities and economic performance. economic statements are regularly audited through authorities corporations, accountants, corporations, and so forth. to ensure accuracy and for tax, financing, or investing functions.

"Probable future monetary blessings obtained or controlled by way of a particular entity because of beyond transactions." property. Disclosure refers to the system and further records within the Financial statements and notes.

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1 year ago
A federal covered registered investment adviser completes a notice filing with the State on October 1st. This will:
Masteriza [31]

Answer:

This will:

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Explanation:

A Registered Investment Adviser (RIA) can be an individual or company that provides investment advice portfolio management services for individuals who have a high net worth. A RIA has an obligation to it's client to offer advice and management in the client's best financial interest. One of the requirement of an RIA is to be registered by the Securities Exchange Commission or the state securities administrators. RIAs are usually paid based on the value of the assets they manage on behalf of their clients, usually 1% of the total value of the assets. RIAs usually operate on a fiduciary capacity. This means that they are held at a higher regard than registered representatives which means that their conduct towards the client's interest should be impeccable even if their own interest is at stake.

When an annual registration is made, it is valid only until December 31st of that particular year. Registrations and notice filings can be made by an agent, investment adviser or even and investment adviser representative. However, if a registered investment adviser renews their annual fee, the expiry date is carried forward to the following year.

6 0
3 years ago
A number of activities that are a part of a company's quality control system are listed below:
KonstantinChe [14]

Answer:

Explanation:

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B. Product recalls - External Failure cost

C. Rework labor and overhead - Internal Failure cost

D. Quality circles - Prevention cost

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F. Cost of field servicing - External Failure cost

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I. Warranty repairs - External Failure cost

J. Statistical process control -Prevention cost  

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L. Depreciation of test equipment - Appraisal cost

M. Returns and allowances arising from poor quality - External Failure cost

N. Disposal of defective products - Internal Failure cost

O. Technical support to suppliers - Prevention cost

P. Systems development - Prevention cost

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R. Field testing at customer site - Appraisal cost

S. Product design -  Prevention cost

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Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?   Internal failure costs and external failure costs

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3 years ago
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