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lidiya [134]
3 years ago
15

Companies generate income from their "regular" operations and from other sources like interest earned on the securities they hol

d, which is called non-operating income. Lindley Textiles recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,000 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus-state income tax rate was 40%. How much was Lindley's operating income, or EBIT?
Business
1 answer:
SCORPION-xisa [38]3 years ago
6 0

Answer:

$4,250

Explanation:

The computation of the operating income or EBIT is shown below:

Earning before interest and taxes = Sales reported - operating cost  other than depreciation - depreciation expense

= $12,500 - $7,250 - $1,000

= $4,250

We simply deduct the operating cost and the depreciation expense from the sales reported to arrive the earning before interest and taxes

All other information which is given in the question is not relevant. hence, ignored it

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Even though the initial set up can be costly , but it reduces the effort of advertisers to the minimum as the whole process is programmed to self controlling.

As such , it is recommended for Sierra's business.

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3 years ago
Sheffield Realty Corporation purchased a tract of unimproved land for $115,500. This land was improved and subdivided into build
monitta

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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______ are the relatively permanent and deeply held underlying beliefs and attitudes that help determine a person's behavior. Th
11111nata11111 [884]

Answer:

The correct answer is d. Values

Explanation:

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7 0
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How should a christiandetermine whether to obey a specific command from his government?
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If the government tries to force a Christian to violate a biblical command we must still obey the highest authority- which is God.

<h3>What is government?</h3>

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The basic tasks of a government are to provide leadership, maintain order, provide public services, provide national security, provide economic security, and provide economic assistance.

The system of governing a state or society is known as government. A select portion of society is granted the system of social control, the right to enact laws under it, and the right to enforce them.

To know more about government follow the link:

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A top performing used car salesman is able to sell his cars to each customer at their maximum willing to pay, a practice known a
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