Answer:
$7.88 million
Explanation:
Net Income = (EBITDA- Interest - Dep)*(1-tax)
Net income = 9.7
Earnings before interest, taxes, depreciation and amortization; EBITDA = 29.60
Interest = 6.8
tax = 35% or 0.35
9.7 = (29.60 - 6.8 - Dep)(1-0.35)
9.7 = (22.8 - Dep)*0.65
Divide both sides by 0.65
9.7/0.65 = 22.8- dep
14.9231 = 22.8 -dep
Dep = 22.8 - 14.9231
Dep = 7.8769
Therefore, depreciation and amortization expense is $7.88 million
<span>Here are the choices on the given question:
A. lender
B. investor
C. insurer
D. borrower
When the customer opens a bank savings account, the bank, essentially becomes an investor. So the answer is B.
Investor because the amount of money that you put in your savings account is being invested by the bank to gain interest.</span>
Answer: False
Explanation:
The aim of the business is to ideally make a profit. As a result, Additional business should only be accepted if the incremental cost of doing so is less than the incremental revenue accrued from doing so.
If incremental revenue equals incremental cost, there is no point in engaging in the additional business as it brings no extra value to the business.
Acc 450 specific misstatement in one of a client's 2,000 accounts receivable is referred to as a(n) <u>known misstatement.</u>
There are two categories of errors: known and likely. The amount of specifically determined misstatements is what Section 312A.35 refers to as known misstatements.
For instance, it would be a known untruth if an unpaid invoice for items purchased or services supplied prior to the end of the period given was not recorded.
According to Section 312A.35, "the auditor's best assessment of the overall misstatements in the account balances or classes of transactions" is what is meant by "likely misstatements." When an auditor uses analytical or sampling techniques, probable misstatements may be found.
For instance, if an auditor applies sampling methodologies to a certain class of transactions and finds a known misstatement in the items examined, the auditor will project the known difference found in the samples to find the likely misstatement.
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Coca Cola follows a price discrimination strategy in its marketing mix and the target market is younger customers within the age bracket of 10-25.
<h3>What is Marketing mix?</h3>
These are set of marketing tools that the firm uses to pursue its marketing objectives in the target market.
Coca Cola follows a price discrimination strategy in its marketing mix means that they charge different prices for their products and its target market are young customers.
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