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Diano4ka-milaya [45]
2 years ago
12

Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depre

ciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's interest expense?a. 4,627
b. 4,870
c. 5,114
d. 5,369
e. 5,638
Business
1 answer:
zhenek [66]2 years ago
6 0

Answer:

$630

Explanation:

The computation of the firm's interest expense is

= Outstanding bonds × rate of interest

= $9,000 × 7%

= $630

For computing the interest expense, we multiplied the outstanding bond with the interest rate so that the accurate amount could come

This is the answer but the same is not provided in the given options          

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2 years ago
After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh
atroni [7]

Answer:

one should go to buy a car for $8000

Explanation:

given data

car = $8,000

price down = $6,500

solution

As here Implied Warranty is the sale contract environment oral or written that provides some assurance that the products sold are suitable for trade and purpose. It arises from the operation of the law.

  • Disclaimer is a statement that order are used to prevent the creation of a warranty or contract.
  • After learning about the implied warranty and disclaimer, I was not going through the items sold.
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7 0
3 years ago
Weiland Co. shows the following information on its 2016 income statement: sales = $162,500; costs = $80,000; other expenses = $3
wel

Answer:

The 2016 operating cash flow is $56,905

Explanation:

The computation of the operating cash flow is shown below:

Operating cash flow = Sales - costs - other expenses - depreciation expenses  - taxes + depreciation expense

= $162,500 - $80,000 - $3,300 - $9,000 - $22,295 + $9,000

= $56,905

The interest expense should not be considered in the computation part. Hence, ignored it

7 0
3 years ago
The Coffee Collective's goal is to provide customers with a unique coffee drinking experience and a loyalty rewards program. In
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Answer:

b) perceived superior value

Explanation:

The coffee company is providing perceived superior value as it provides consumers with a unique coffee drinking experience and a loyalty rewards program. I hope my answer helps you

7 0
3 years ago
Charlotte owns a custom publishing business. She uses 500 square feet of her home (2,000 square feet) as an office and for stora
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Answer:

As calculated below (attachment)She must deduct the expenses related to interest and taxes first, then deduct her other business expenses, then at last the depreciation.She may carry forward the $1,105 ($145 limit- $1,250 current depreciation) which she is not ble to use in the current year to a future year when her business has sufficient income to absorb the deduction.

Explanation:

7 0
3 years ago
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