Answer:
EBIT = $3387.42
Explanation:
At break even EBIT, both EPS are the same
EPS in case of all equity firm = EPS of leverd firm
EPS in case of all equity firm = EBIT/ 125.000
EPS of leverd firm = (EBIT-Interest) / Shares outstanding
(Shares outstanding= 125.000-80.000/44.46 = 1012.14 )
EPS of leverd firm = (EBIT - 4.2 %* 80.000 )/ 1012
=(EBIT - 3360)/ 1012
Hence
EBIT/ 125.000= (EBIT - 3.360)/ 1.012
1012 EBIT = 125.000 EBIT - 420.000.000
EBIT = $3387.42
Answer:
An organisation statement on how it will achieve its purpose in the environment in which it conducts business.
Explanation:
A mission statement can be defined as a statement which explains the reasons for an organisation existence, it also explains what a business aims to achieve at a long-run.
All organisations have their different mission statements which clearly defines the purpose of the business. It is used to create a form of direction and also motivation to the various employees of the organisation.
Mission statements serves as a guide that enables the organisation to achieve their objectives and goals, It also helps in the planning of future aspirations.
Answer:
B. between $44.25 and $55.75
Explanation:
Calculation for Your strategy that will pay off if the stock price is in August.
Positive profit in the range= $50 - ($1.25 + $4.50)
Positive profit in the range=$44.25
Positive profit in the range=$50 + ($1.25 + $4.50)
Positive profit in the range=$55.75
Answer:
See below
Explanation:
Given the above information, first we will compute the predetermined overhead rate
Predetermined overhead rate
= Estimated manufacturing overhead / Estimated labor
= $300,000/$200,000
= 1.5
The next step is to apply the
= [(1.5 × $260,000) + $260,000 + $610,000]
= $390,000 + $260,000 + $610,000
= $1,260,000
Answer:
(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)
L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.
Explanation:
In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.
When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.