Ask question

Ask question

All categories

3 years ago

9

X-1 Corp's total assets at the end of last year were $395,000 and its EBIT was $52,500. What was its basic earning power (BEP) r

atio?

1 answer:

IRINA_888 [86]3 years ago

3 0

Answer:

X-1 Corp Basic Earning Power ratio is 13.29%

Explanation:

Formula

Basic Earning Power = Earnings Before Interest and Taxes (EBIT ) / Total Assets

Therefore the Basic Earning Power ratio for X-1 Corp is:

$52500/$395,000 = 13.29%

You might be interested in

Glenn is the R&D manager with Quick Print Inc. The company is having a problem with one of its most popular copiers jamming.

xeze [42]

Answer:

Problem Analysis

Explanation:

Problem analysis also known as 'root cause' analysis ensures that “root causes,” not just the symptoms of the problem, are identified and subsequently addressed.

This step comes after the problem identification stage of problem solving.

Therefore as stated in the scenario ''When Glenn analyzes the underlying causes of the paper-jam problem, he is performing the function of problem analysis

5 0

4 years ago

"DEF Corporation, after many profitable years, declares a one-time special cash dividend of $5.00 per share. After the announcem

Tju [1.3M]

Answer: B. 1 DEF Jan 50 Call

Explanation:

The Options Clearing Corporation (OCC) acting under its mandate of being an issuer and guarantor for options and futures contracts can alter options prices but does not do so for prices based on normal dividends as they are more regular and their effects are already accounted for in the price of the call.

When a company calls a one-time special cash dividend, this is new to the market which would not have incorporated it into the price of the call. The OCC will then adjust the price to account for this.

In this case it will do so by subtracting the dividend from the call;

= 55 - 5

= $50

The customer will then have 1 DEF Jan 50 Call .

8 0

3 years ago

Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company

djverab [1.8K]

Answer:

Cash flow amount = $17.52 million.

Explanation:

Cash flow amount = $4.8m of land + $12 m of building + $720k of grading = $17.52 million.

5 0

3 years ago

Read 2 more answers

Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems

ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0

3 years ago

Work in process, November 1st Started in production during November Work in process, November 30th Units 16,900 109,000 24,900 T

NemiM [27]

Answer:

Explanation:

Opening units 16900

Started 109000

125900

Transffered 101000

Closing 24900

Production and cost table using Weighted average method

Cost Opening current Total Complete WIP Equivalen Cost

Head Cost Cost Cost Units Units Units PerUnit

Mat. 55,460 477,000 532,460 70,000 22,410 92,410 5.76

Lab. 21,220 191,880 213,100 70,000 7,470 77,470 2.75

MOH 16,140 400,160 416,300 70,000 7,470 77,470 5.37

Complete 70,000 8.51 595,887

Closing Wip

Material 22,410 5.76 129,125

Labour 7,470 2.75 20,548

MOH 7,470 5.3737 40,141

189,814

4 0

3 years ago