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3 years ago

Which of the following strategies is best to avoid groupthink

1 answer:

8 0

Be open minded to other people's ideas and hear everyone's opinion. If you want a successful group everyone needs to feel that they are able to share their opinions and ideas without being harshly criticized

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Patterson Brothers recently reported an EBITDA of $16.5 million and net income of $2.6 million. It had $2.0 million of interest

maria [59]

Answer:

Depreciation and amortization = $10,500,000

Explanation:

EBT = Net Income / (1 - Tax rate)

EBT = 2,600,000 / (1 - 0.35)

EBT = $4,000,000

EBIT = EBT + Interest

EBIT = $4,000,000 + $2,000,000

EBIT = $6,000,000

EBIT = EBITDA - Depreciation and amortization

$16,500,000 = $6,000,000 - Depreciation and amortization

Depreciation and amortization = $16,500,000 - $6,000,000

Depreciation and amortization = $10,500,000

7 0

3 years ago

Rottino Company purchased a new machine on October 1, 2020, at a cost of $150,000. The company estimated that the machine will h

Amanda [17]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Purchasing cost= $150,000.

The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

1) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (150,000 - 12,000)/5= 27,600

2020:

Annual depreciation= (27,600/365)*92 days= $6,956.71

2) Units of activity:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(150,000 - 12,000)/10,000]*1.700= $23,460

3) Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*27,600= 55,200

2020:

Annual depreciation= 55,200/365*92= 13,913.42

2021:

Annual depreciation= [138,000 - 13,913.42)/5]*2= 49,634.63

5 0

3 years ago

Carver Packing Company reports total contribution margin of $80,200 an pretax net income of $40,100 for the current month. In th

Helen [10]

Answer:

• Degree of operating leverage = $2

• Expected Percent change in income = 20%

Explanation:

Details provided from the question includes ;

Total contribution margin = $80,200

Pretax net income = $40,100

Expected increase in sales value = 10%

Therefore;

Degree of operating leverage

= Contribution margin ÷ Net operating income

= $80,200 ÷ $40,100

= $2

Percent change income

= Percentage increase in sales × Degree of operating leverage

= 10% × 2

= 20%

8 0

3 years ago

Flychucker Corporation is evaluating an extra dividend versus a share repurchase. In either case $14,000 would be spent. Current

trasher [3.6K]

Answer:

hereeeeeeeeeeeeeeeee

5 0

3 years ago

Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn

blondinia [14]

Answer:

Cost of Goods Sold is = $697213.44

Explanation:

given data

depreciation expenses = $28,900

sales = $755,000

retained earnings = $10,200

paid interest = $6,200

dividends = $5,000

tax rate = 33 percent

solution

first we get here EBIT that is express as here

EBIT = Earnings for equity holders + Tax + Interest ...............1

Earnings for equity holders = Dividend Paid + retained earnings

Earnings for equity holders = $5,000 + $10,200 = $15200

here Tax is = $\frac{15200}{67}$ × 33 = 7486.56

so here EBIT = $15200 + $7486.56 + $6,200

EBIT = $28886.56

so Cost of Goods Sold is = sales - depreciation - EBIT ..................2

Cost of Goods Sold is = $755,000 - $28,900 - $28886.56

Cost of Goods Sold is = $697213.44

3 0

3 years ago