Which of the following would NOT be considered a characteristic of entrepreneurs?

A segment of Mega Inc. manufactures and sells blankets. The various models of blankets are produced in a single factory using st

Anna007 [38]

Answer:

c. profit center

Explanation:

Based on the information provided within the question it can be said that the segment is most probably accounted for as a profit center. This is a specialty department formed inside an organization that deals with generating revenues and profits or losses. These departments are completely monitored and controlled since they are the main driving force of the company brand.

4 0

3 years ago

Riders reports the following assets and liabilities. Compute the totals that would appear in the corporation’s basic accounting

mylen [45]

Answer:

See below

Explanation:

Assets are the valuables a business owes while liabilities are the items the business owes to third parties.

Form the list provided

Assets are

Bank Balance……… Rwf. 17,000,000

Accounts Receivable……Rwf 12,000,000

Machinery…………… …Rwf 1,800,000

Total Rwf 30,800,000

Liabilities are

Accounts Payable……………….Rwf 15,000,000

Bank Claims…………… Rwf 15,800,000

Total Rwf. 30,800,000

8 0

3 years ago

How to get a workers permit at 14 If you drop out of school in Pennsylvania

lidiya [134]

Well, for one, yes you can work when you are 14 in Pennsylvania.

To get a work permit, you must go to your school district to get your work permit, as they are responsible. This is for any student in any kind of school (online, traditional, charter, etc)

hope this helps

8 0

3 years ago

Read 2 more answers

On march 1, year 1, roland doe bought 200 shares of gummit stock at $40 per share. on april 1, year 2, roland sold short (sold w

laiz [17]

Answer:

1,000 long term capital gain

Explanation:

8 0

4 years ago

Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $1.5 million. It had $2.0 million of interest e

Vilka [71]

Answer:

Depreciation & amortization = $1 million

Explanation:

The EBITDA is the earning of the company before interest, tax and depreciation and amortization deduction.

To calculate the Net Income from EBITDA, we subtract the charges for depreciation, amortization, interest and taxes.

Thus, net income is,

Net income = EBITDA - Depreciation & amortization - Interest - Tax

The tax is deducted from EBT which is earnings before tax. It is calculated by deducting the depreciation & amortization and interest from EBITDA. Thus, after deducting tax from EBT, we get net income. We can say that if tax is 40% it means that tax is 40% of EBT and net income is the remaining 60% of EBT.

Thus, if 60% of EBT is 1.5 million, then total EBT is,

EBT = 1.5 / 0.6 = $2.5 million

So, tax is = 2.5 * 0.4 = $1 million

Plugging in the values available in the net income formula,

1.5 = 5.5 - Depreciation & amortization - 2 - 1

1.5 + Depreciation & amortization = 5.5 - 3

Depreciation & amortization = 2.5 - 1.5

Depreciation & amortization = $1 million

5 0

4 years ago