Answer:
$250,000
Explanation:
The computation of the interest expense is shown below:
Given that
Net Income = $3,500,000
Tax rate = 30%
EBIT = $5,250,000
As we know that
EBT = EBIT - Interest Expense
So,
Interest expense = EBIT - EBT
where,
EBT = Net Income ÷ (1 -Taxes)
= $3,500,000 ÷ ( 1 - 30%)
= $5,000,000
And, the EBIT is $5,250,000
So, the interest expense is
= $5,250,000 - $5,000,000
= $250,000
We simply applied the above formula
Answer:
If Melina has this power, it is based on her<u> "implied authority".</u>
Explanation:
Implied authority is considered different from actual authority. Implied authority is made in a circumstance where the authority to follow up for the benefit of another person is suggested by the activities of the individual.
Implied authority refers to the authority which is not written into an agreement.
Answer: $256
Explanation:
Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:
Materials = $54
Add: Materials markup = 30% × $54 = 0.3 × $54 = $16.2 = $16
Add: Labour = 3 × $62 = $186
Total price of job = $256
Answer:
a. The DVDs, CDs, albums, and video games held for sale to customers.
Classification: Assets
b. A long-term loan owed to Citizens Bank.
Classification: Liability
c. Promotional costs to publicize a concert.
Classification: Expense
d. Daily sales of merchandise sold
Classification: Revenue
e. Amounts due from customers
Classification: Asset
f. Land held as an investment
Classification: Asset
g. A new computer purchased for office use.
Classification: Expense
h. Amounts to be paid in 10 days to suppliers
Classification: Liability
i. Amounts paid to property owner for rent.
Classification: Expense
Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>
Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.
