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gizmo_the_mogwai [7]
3 years ago
8

The Willie Company has provided the following information: Operating expenses were $345,000; Income from operations was $415,000

; Net sales were $1,100,000; Interest expense was $71,000; Loss from sale of investments was $87,000; Income tax expense was $58,000. What was Willie's net income
Business
1 answer:
drek231 [11]3 years ago
6 0

Answer:

net income = $199,000

Explanation:

In order to calculate net income, we will first start with EBIT or income from operations and then subtract income tax expense, loss from sale of investments and finally income taxes:

  • EBIT = $415,000
  • Interest expense = $71,000
  • Loss from sale of investments = $87,000
  • Income tax expense = $58,000
  • Net income = $199,000

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In most companies, portfolio management is typically done at the sbu or ___________ level of the firm.
galina1969 [7]

The correct option is c. In most companies, portfolio management is typically done at the SBU or product line level of the firm.

A company's ability to capitalize on the success of its project selection and execution is ensured by portfolio management. To accomplish strategic goals, it alludes to the centralized management of one or more project portfolios. A portfolio manager is a qualified individual tasked with selecting investments and managing investments on behalf of invested people or institutions. Clients put their money into a retirement fund, endowment fund, or education fund as part of the PM's investing strategy in order to develop it in the future.

In most companies, portfolio management is typically done at the SBU or ___________ level of the firm.

a. sales representative

b. corporate

c. product line

d. customer care

e. accounting;

Learn more about portfolio management here:

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6 0
1 year ago
A chemist is studying the effect of acid rain on the steel in bridges. why would she most likely use rate laws in this study?
ipn [44]
The reaction between the acid rain and the metal comprising the bridge, in this case steel is an example of single replacement reaction which eats out the metal to produce other sorts of substance such as rusts and other deposits. She is most like to use the rate laws because this will allow her to identify up to what extent can the reaction proceed and the time it will take for all the metals to be eaten out. 
7 0
3 years ago
Novak Corp. reported net income of $1.20 million in 2022. Depreciation for the year was $192,000, accounts receivable decreased
Kay [80]

Answer:

$1,476,000

Explanation:

According to the scenario, computation of the given data are as follows:-  

Statement of The Cash Flow 31 December,2022

Particular                               Amount        Total Amount

Net Income                                                  $1,200,000

Depreciation                                $192,000  

Accounts receivable Decrease   $420,000  

Accounts payable Decrease       ($336,000)  

                                                                 $276,000

Net cash provided by operating activities        $1,476,000

6 0
3 years ago
The following scenario applies to the next three questions. At the start of the current period, Alberich Jewelers had an invento
kolbaska11 [484]

Answer:

Alberich Jewelers

The gross profit that Alberich should report is 760.

Explanation:

a) Data and Calculations:

Cost of gold ring purchased first = $640

Cost of gold ring purchased next = $720

Cost of gold ring purchased recently = $750

Sale of one gold ring = $1,400

Using the FIFO method of inventory, the gross profit for the gold ring sold is based on the first gold ring purchased, as follows:

= Sales Revenue - FIFO cost of inventory

= $1,400 - $640

= $760

6 0
3 years ago
A structure that organizes worldwide operations primarily based on function and secondarily on product is called: a global area
Tatiana [17]

Answer:

a global functional division.

Explanation:

In a global functional structure, the MNC activities are to be organized among the particular functions that are related to the production, finance, marketing etc. Here the developments are establishment that would have the responsibility worldwide for the particular function

So as per the given situation, the above should be the answer

8 0
3 years ago
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