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Kazeer [188]
3 years ago
11

Tater and Pepper Corp. reported free cash flows for 2015 of $39.1 million and investment in operating capital of $22.1 million.

Tater and Pepper incurred $13.6 million in depreciation expense and paid $28.9 million in taxes on EBIT in 2015. Calculate Tater and Pepper's 2015 EBIT.
Business
1 answer:
lara [203]3 years ago
5 0

Answer:

$76.5 million

Explanation:

For computing the EBIT, first we have to do the following calculations

Free cash flow = Operating cash flow – Investment in operating capital  

$39.1 million = Operating cash flow -$ 22.1million

So, operating cash flow is

= $39.1 million + $22.1 million

= $61.20 million

Now

Operating cash flow  = EBIT – Taxes on EBIT + Depreciation  expenses

$61.2 million = EBIT- $28.9 million + $13.6 million

So, the EBIT is

= $61.2 million + $28.9 million - $13.6 million

= $76.5 million

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STatiana [176]

Answer:

C Services are provided by both private and public sectors.

Explanation:

In a mixed economy, the private sector has the freedom to participate in economic activities, although the government has a role to play.  A mixed economy allows the private sector to own the factors of production hence are free to decide what business they wish to run. Consumers have the liberty to select their suppliers.  There is competition in the market place as profits motivate entrepreneurs.

The government is involved in the provision of public goods such as roads, hospitals, and schools. It provides regulatory services to the private sector to ensure fairness in the economy.

5 0
3 years ago
Botosan Factory has budgeted factory overhead for the year at $717,474, and budgeted direct labor hours for the year are 364,200
Mila [183]

Answer:

$652,858

Explanation:

Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity

                                                    = $717,474 ÷  364,200

                                                    = $1.97 per direct labor hour

Allocated overheads = Predetermined overhead rate x Actual Activity

                                    = $1.97 x  331,400 direct labor hours

                                     = $652,858

therefore,

The overhead allocated for May is $652,858.

6 0
3 years ago
What did launching the birthday cake oreo tell nabisco about the market?
sveta [45]

Answer:

It gives the child more protection so like say we didn't have seat belts then you got into a car accident then you would fly forward and if you had a seatbelt it wouldn't make you fly forward.

Explanation:

3 0
3 years ago
Read 2 more answers
Brick Co. has 170,000 shares of common stock outstanding at January 1, 2015. On May 1, 2015, it issued 30,000 additional shares
fenix001 [56]

Answer:

The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares

Explanation:

The computation of the number of shares are shown below:

= January 1 shares + may 1 shares + convertible cumulative preferred stock

= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares

= $56666.67 + $133,333.33 + $12,000

= $202,000 shares

The 4 months are calculated from January 1 to May 1, 2015

And, the 8 months are calculated from May 1 to December 31

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3 years ago
$7,700 net monthly income - What amount would you use for needs for the month? *
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