1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rus_ich [418]
3 years ago
8

Following is the income statement for Nordstrom Company. Assume that the combined federal and state statutory tax rate is 37%. (

$ millions) 2016 Net sales $14,095 Credit card revenues 342 Total revenues 14,437 Cost of sales and related buying and occupancy costs (9,168) Selling, general and administrative expenses (4,168) Earnings before interest and income taxes 1,101 Interest expense, net (125) Earnings before income taxes 976 Income tax expense (376) Net earnings $ 600 Compute NOPAT for Nordstrom for 2016. (Hint: Treat credit card revenues as operating.)
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

$681,250,000

Explanation:

Net operating profit after tax = Earnings before interest and income taxes - ( Income tax expense+(Interest expense, net* tax rate)

Net operating profit after tax = $1,101 - ($376 + ($125*0.37)

Net operating profit after tax = $1,101 - ($376 + $46.25)

Net operating profit after tax = $1,101 - $422.25

Net operating profit after tax = $678.75 * $'million

Net operating profit after tax = $678,750,000

So,  NOPAT for Nordstrom in 2016 is $678,750,000

You might be interested in
Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap
quester [9]

Answer:

Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with  data;

Date                  Amount

April 5                 $10

April 10                $12

April 15                $14

April 20                 $16

April 22                 $17

Total cost             69    

Average cost = total cost /total quantity

                       = 69/5

                       =13.8

The cost of the ending inventory is given on the balance sheet below

Date      Purchases              Cost of            Inventory Bal.   Avg Cost

                                            goods sold

April 5   $10* 1 unit= $10                -                        $10               10/1 = $10

April  10  $12* 1 unit=$12               -               10+ 12 = 22            22/2 = 11

April  15   $14* 1 unit=$14                  -           22+14 =36              36/3 = 12

April 20   $16* 1 unit= $16                  -          36 +16 =52            52/4 = 13

April 22    $17* 1 unit = $17                 -          52+17 =69            69/5 = 13.8

April 25             -           1 unit*13.8 = 13.80      69 - 13.8 = 55.20

5 0
3 years ago
Which of these factors would strengthen demand for a nation’s currency on the international market? Select all that apply.
-BARSIC- [3]

Answer:

B C D F

Explanation:

3 0
3 years ago
Read 2 more answers
Which of the following elements of the marketing communications mix refers to any paid form of nonpersonal presentation and prom
Lesechka [4]

Answer:

A. Advertising.

Explanation:

Advertising is an elements of the marketing communications mix refers to any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor via print, broadcast, network, electronic, and display media.

In other words, it is a means of promoting products or services of the sponsors.

Advertising is also a means of increasing the sales or consumption of goods and services by the sponsors through the product image, otherwise termed as "brand" with specific characteristics in the minds of the consumers.

Advertising can be done through the following means:

1. Newspaper

2. Radio

3. Television

4. Outdoor and Transit

5. Direct mails

6. Online.

7. Magazine

7 0
3 years ago
Which of the following are examples of reportable incidents? choose all that apply
Andrews [41]

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

a healthcare provider’s unexplained absence

4 0
2 years ago
A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true? The manufacturer has
astra-53 [7]

Question:

A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true?

A. The manufacturer has effectively used vertical integration to increase its bargaining position and reduce transaction costs.

B. The manufacturer has enhanced utilisation by allowing depreciation and other fixed costs to be spread over a larger unit volume.

C. The manufacturer has sacrificed quality by using a lower-cost input.

D. The manufacturer has efficiently capitalised on the experience and learning-curve effects within the company.

E. The manufacturer has effectively reduced its operating costs by outsourcing its activities.

Answer:

A. the Manufacturer has effectively used vertical integration to increase it's bargaining position and reduce transaction costs.

Explanation:

Vertical integration is a business strategy whereby a business acquires ownership or controls its suppliers, distributors, or retail locations to control its value or supply chain.

It may also be said that vertical integration has to do with the purchase of a part of all of the production or sales process that was previously outsourced, to have it done in-house.

An example of companies who have done this are:

1. Apple

2. Netflix

3. Comcast (Which acquired NBC)

Businesses can integrate by

  • purchasing their suppliers to reduce the costs of manufacturing or
  • controlling the distribution process that is, owning and controlling the warehousing and delivery of their products etc.

6 0
3 years ago
Read 2 more answers
Other questions:
  • ________ is defined as a business strategy where business buyers prefer to buy a complete solution to a problem from a single se
    10·1 answer
  • A local restaurant has prepared a new recipe for it's lunch menu which form of nonprice competition is this?
    12·2 answers
  • Which form of negligence is defined as performance of an unlawful or improper act?
    5·1 answer
  • Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
    6·1 answer
  • Chang Industries has bonds outstanding with a par value of $216,000 and a carrying value of $227,000. If the company calls these
    6·1 answer
  • Why are the incoming mails registered in the office? Give reasons,​
    5·1 answer
  • Identify the following is structural, frictional, cyclical and seasonal employment.
    7·1 answer
  • Suppose the equilibrium real federal funds rate is 3 percent, the target rate of inflation is 3 percent, the current inflation r
    5·1 answer
  • Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_
    11·1 answer
  • Define the following term:depression. economics.​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!