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vlada-n [284]
3 years ago
8

Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $430,000 and an average tax rate of 34%. S

he spent $43,000 on ingredients, $21,500 on utilities, and $77,400 to rent the premises Emily has a few employees and paid them $86,000 in wages in total. She also paid herself a salary of $64,500 and spent $43,000 to pay for employee benefits A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $21,500 in interest on that loan. Depreciation for the equipment was $12,900 Attempt 1 /1 for 10 pts. Part 1 What was operating income (EBIT) for the year?
Business
1 answer:
Harman [31]3 years ago
7 0

Answer:

Explanation:

1). EBIT = Sales - Expenses - Depreciation

Sales = 430,000

Ingredients expenses = 43,000

Utilities expenses = 21,500

Rent expense = 77,400

Salary payments = 86,000

Salary to herself = 64,500

Employee benefits expenses = 43,000

Depreciation = 12,900

EBIT= $430,000 - $43,000 - $21,500 - $77,400 - $86,000 - $64,500 - $43,000 - $12,900 = $81,700

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Answer:

Legal requirement

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When a firm or an organisation tries to enter an international or foreign market, there are few regulations which are compulsory to follow. Legal requirements are usually enforced by the local government to ensure transparency and the rule of law. It is mandatory to change a company's name into the local language before marketing. It is a legal requirement that is mandatory to follow.

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Yakov, Ana, and Dina want to bake a cake. They are choosing among chocolate cake (C), vanilla cake (V), and red velvet cake (R).
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This is because Dina and Juanita favor vanilla over chocolate.

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Answer:

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