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ladessa [460]
3 years ago
5

Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a

tax rate of 21 percent. What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Business
1 answer:
Mazyrski [523]3 years ago
5 0

Answer:

$154,050

Explanation:

The computation of the net income for the firm is shown below:

Sales               $634,000

Less: costs      -$328,000

Less: depreciation -$73,000

EBIT                   -$233,000

Less: interest      -$38,000

EBT                      195,000

Less: tax(195,000 × 21%) -$40,950

Net income    $154,050

We simply deduct all expenses ,interest and taxes from the sales revenue so that the net income could come and the same is to be considered

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Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simp
Ganezh [65]

Answer:

X = 32

Y = 96

Explanation:

Z = 5%

Z = (0.04X + 0.08Y) / (X + Y)

we can substitute Z:

0.05 = (0.04X + 0.08Y) / (X + Y)

0.05 (X + Y) = 0.04X + 0.08Y

0.05X + 0.05Y = 0.04X + 0.08Y

0.01X = 0.03Y

X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

  • X = 32
  • Y = 96
4 0
4 years ago
John worked in a manufacturing job building car engines. Over time, this work was increasingly performed by machines, and manufa
Neko [114]

Answer: Structural Mobiility

Explanation:

Structural Mobiility can be described as changes that enable a whole group of people to either move up or down the economic class ladder.

Structural mobility is attributed to the changes in society or company as a whole, not just personal changes.

The changes done in John's illustration is a social change where a job that can be performed by humans are now performed by robots.

This change negatively affected John and his manufacturing company thereby bringing down John in the economic ladder as he moved down from the Middle class to a lower social class.

7 0
3 years ago
Alex
GaryK [48]

Answer:

<em>hello your question lacks some vital information hence I will make valid assumptions to aid the solution </em>

answer : $583333.33

Explanation:

22 yrs old

pre tax income = $35,000 per year

savings = $200/month

<u>Determine how much you will need to retire at 67</u>

lets assume : Interest rate = 6% per annum

annual withdrawable amount per year after retirement = $35,000

∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33

<u>hence amount needed to retire at age 67 </u>

target amount = $583,333.33

interest rate = 6%

number of years = 67 - 22 = 45

savings per year needed = 583,333.33 / 45 = $12962.96

<em>Note : saving $200 per month would not give the required amount needed to retire at age 67 </em>

The required monthly savings =  12962.96 / 12 = $1080.25

5 0
3 years ago
A client will soon be completing a course of inpatient treatment for the treatment of schizophrenia. At what point should the ca
Evgesh-ka [11]

ANSWER:

Upon admission to the inpatient setting.

STEP-BY-STEP EXPLANATION:

An inpatient admission is generally appropriate when you're expected to need 2 or more midnights of medically necessary hospital care, but your doctor must order such admission and the hospital must formally admit you in order for you to become an inpatient.

4 0
3 years ago
Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $15,000,000 of 20-year, 9
konstantin123 [22]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $15,000,000

      To Bonds payable $15,000,000

(Being issue of bonds is recorded)

2. Interest expense on bonds Dr, $675,000

        To cash $675,000 ($15,000,000 × 9% × 6 ÷ 12)

(Being payment of interest is recorded)

3. Bonds payable Dr, $15,000,000

       To Gain on redemption of bonds $600,000

       To Cash ($15,000,000 × 0.96) $14,400,000

(Being redemption on bonds is recorded)

3 0
3 years ago
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