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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

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Answer:

C. Employees value the rewards or incentives that are being offered

Explanation:

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<u>B. Employees are given very broad performance goals</u>

No. To get a good performance and motivate employees, they must be given clear goals and objectives.

<u>C. Employees value the rewards or incentives that are being offered</u>

Yes.  Even if you have good performance measurements, with realistic goals, the employees won't be motivated to reach those goals if the reward doesn't worth the effort.

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No. They won't be motivated if they don't think they have the means to achieve those goals.

6 0
3 years ago
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
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Answer:

10.38%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

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The nominal interest rate is shown below:

= $250 × 4 ÷ $10,000

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Now the effective annual rate is

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4 0
3 years ago
Equilibrium price is $10 in a perfectly competitive market. For a perfectly competitive firm, MR = MC at 233 units of output. At
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Answer:

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The equilibrium price is $10.

MR = MC at 233 units of output.

At this output level, ATC is $12, and AVC is $9.

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= $12 - $9

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Contact [7]

Answer:

I believe the answer is d

5 0
3 years ago
________ is th term assembly line refers to progressive assembly linked by some material handling device.
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Answer: Assembly line    

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