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Gemiola [76]
3 years ago
7

Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3.00

million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao's operating income, or EBIT, in millions? a) $3.21 b) $3.57 c) $3.97 d) $4.41 e) $4.90
Mathematics
1 answer:
NemiM [27]3 years ago
3 0

Answer:

The correct option is e) $4.90

Step-by-step explanation:

Consider the provided information.

It is given that the Sales is $20.50  million

Operating costs excluding depreciation $12.60 million

Depreciation $3.00  million

Operating income (EBIT) = Net Earnings - Operating costs - Depreciation

Operating income (EBIT) = $20.50 - $12.60- $3.00

Operating income (EBIT) = $ 4.90

Hence, the correct option is e) $4.90

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The numbers in this sequence increase by 40 each time 30, 70, 110, 150. The sequence is continued with the same rule. Which numb
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The value in the sequence closest to 300 is 310

<h3>Arithmetic Sequence</h3>

Arithmetic sequence is a sequence where each term increases or decreases by addition or subtraction of a constant term

the first term a = 30

common difference, d = 40

which term is closest to 300 we solve like this

300 / 40 = 7.5 say 7

the 7th term, T7 is solved by

T7 = a + ( n - 1 ) d

T7 = 30 + ( 7 - 1 ) 40

T7 = 30 + 240

T7 = 270

checking for the 8th term to confirm the nearest

T8 = T7 + d = T7 + 40

T8 = 270 + 40

T8 = 310

therefore the 8th term is closest and the value is 310

Read more on Arithmetic sequence here:

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3 years ago
Write 1.81 as a fraction and an improper number
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Answer:

181/100

Step-by-step explanation:

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It usually takes Claude 40 minutes driving at 48 miles per hour to go from home to work. But due to road maintenance today, Clau
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A rental moving truck can haul a maximum of 7,500 pounds. Dejuan has boxes that weigh 40 pounds and boxes that weigh 75 pounds.
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The second graph is the correct answer.
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A spice mix recipe calls for 8 cups of salt, 6 cups of grounded black pepper, and 2 cups of garlic powder. How many cups of spic
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Answer:

There are 16 cups of spice mix will made by the recipe.

Step-by-step explanation:

Given,

Number of cups of salt = 8

Number of cups of grounded black pepper = 6

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We have to find out number of cups of spice mix made by recipe.

Solution,

The total number of cups of spice mix is the sum of amount of salt, amount of grounded black pepper and amount of garlic powder.

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3 years ago
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