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gregori [183]
3 years ago
13

A firm has Gross Profit of $3.1 million, cost of sales of $1.6 million, operating expenses of $0.6 million, and "other" income o

f $1.5 million. What is its EBIT? A) $2 million B) $0.3 million C) $4 million D) $0.6 million
Business
1 answer:
diamong [38]3 years ago
4 0

Answer:

C. $4 million

Explanation:

With regards to the above we need to compute first the net profit, before the EBIT.

Gross profit

$3.1 million

Less : operating expenses

($0.6 million)

Net profit

$2.5 million

Therefore, the EBIT is computed as;

EBIT = Net profit + other income

EBIT = $2.5 million + $1.5 million

EBIT = $4.0 million.

The value of EBIT is $4 million.

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Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis
Pani-rosa [81]

The amount allocated to ending inventory is $3664.

LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.

  • Total inventory sold = 40 + 26 = 68 units
  • Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100
  • Ending inventory = 100 - 68 = 32
  • Value of ending inventory = (22 x $112) + (10 x $120)

$2464 + $1200 = $3664

Please find attached the image used in answering this question. A similar question was answered here: ttps://brainly.com/question/13763849

5 0
2 years ago
Explain the concept of sustainable entrepreneurship and its dimensions.​
victus00 [196]
Consider the equation.
4(pr + 1) = 64
The value of x in terms of p is
The value of x when p is -5 is
6 0
3 years ago
Two weeks before his performance appraisal, John successfully resolved a service complaint involving one of the company’s most i
Sergeu [11.5K]

Answer:

The correct answer is Recency error.

Explanation:

Focus on the most recent performance evaluated: The evaluators can be guided by the most recent actions and / or attitudes, whether negative or positive, without considering the history of the collaborators. This error can give an unfair result and nothing representative.

A recency error is an inaccuracy or failure in the performance evaluation or job interview, caused by the dependence of the evaluator or the interviewer on the most recent events of the employee or applicant behavior.

5 0
3 years ago
Jerome, Sheila, Gary, and Ella agreed to purchase a tract of land and make it available for use as a free playground for neighbo
lesya [120]

Answer:

Yes

Explanation:

The damages can be recovered as Jerome and Gary hung the playground swing improperly. A child was injured due to their negligent actions. The case will be on Meadowbrook Playground and not on the individual person who has committed the mistake. According to law, the damages can be recovered as the enterprise owned the whole property, and due to their carelessness in the installation of swing, the accident took place. The child's parent has every right to recover damages from the playground owner.

7 0
3 years ago
Until 1996, U.S. carmakers sent very few right-hand-drive cars to Japan while German carmakers exported several models with the
Alona [7]

Answer:

not satisfying customer needs on critical factors.

Explanation:

In this scenario American companies were supplying more of left hand side cars to Japan. When Japan needed more of the right hand side cars. They ignored the customer needs and instead gave him what he has little use for.

On the other hand Germany supplied Japan the specification of cars that they wanted.

American car manufacturers will be blamed for not satisfying customer needs on critical factor of right hand drive cars.

7 0
3 years ago
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