Business, 15.11.2019 03:31 chantihock05

Byron books inc. recently reported $13 million of net income. its ebit was $32.5 million, and its tax rate was 35%. what was its interest expense? (hint: write out the headings for an income statement, and then fill in the known values. then divide $13 million of net income by (1 - t) = 0.65 to find the pretax income. the difference between ebit and taxable income must be interest expense. use this same procedure to complete similar problems.) write out your answer completely. for example, 25 million should be entered as 25,000,000. round your answer to the nearest dollar, if necessary. do not round intermediate calculations.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 09:30

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Answers: 3

Answer

Business, 22.06.2019 20:50

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold

Answers: 2

Answer

Business, 22.06.2019 21:20

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.

Answers: 1

Answer

Business, 22.06.2019 21:50

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

Answers: 2

Answer

You know the right answer?

Byron books inc. recently reported $13 million of net income. its ebit was $32.5 million, and its ta...

Questions