Answer:
$101,520
Explanation:
Income statement will be made as follows:
$
Sales Revenue 1100000
Less: COGS (617000)
Gross Profit 483000
Less: Salaries & Wages (80400)
Less: Depreciation exp. (119000)
Less: Utilities exp. (10600)
Less: Interest expense (19200)
Earning before tax 253800
<u><em>Less:</em></u><u><em> </em></u><u><em>Tax(40%)</em></u><u><em> </em></u><u><em>(101520)</em></u>
<u><em></em></u>
Hope this helps.
Good luck buddy.
Answer
Hi,
Correct answer option is {a}
Explanation
Comparative advantage occurs when a nation produces a good or service for a lower opportunity cost than other countries. In this case, the advantages of buying their goods or services will surpass the disadvantages. This is to say that country may not be the best nation in production of a particular good or service but the good or service offers a low opportunity cost for other nations to import. A good example is oil-producing nations who have a comparative advantage in chemicals because the oil is locally produced thus a cheap raw material for chemicals as compared to nations without oil production.
Best of Luck!
Answer: C.the perpetual inventory records are accurate and related controls operate effectively
Explanation: When the perpetual inventory records are accurate and related controls operate effectively, it is frequently possible to test the physical inventory prior to the balance sheet date. An auditor will generally decide whether the inventory count can be taken before year-end primarily on the basis of accuracy of the perpetual inventory master files.
Time series analysis method forecast historical data and involves a panel of experts
Answer:
WACC without taxes = 6.84% (rounding up to two decimals)
WACC with a tax rate of 21%= 6.27% (rounding up two decimals)
Explanation:
To calculate WACC we need to know the weight's for equity adn debt:
Equity: 24,000,000 x 13 = 312,000,000
Debt 368,000,000
Value: 680,000,000
Debt weight's 368M/680M = 0.458823529
Equity weight's 312M/680M =0.541176471
Now we have he weights can calculate the WACC
Ke 0.09
Equity weight 0.458823529
Kd 0.05
Debt Weight 0.541176471
t 0 (as this is a pretax, tax is zero)
WACC 6.83529%
then, for b we are asked for a 21% tax rate, everything else remains unchanged:
if t = 21% then:
t 0.21
WACC 6.26706%
