Business, 08.07.2019 19:30 Destinyb3722

Byron books inc. recently reported $13 million of net income. its ebit was $31.2 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, 21.06.2019 16:30

Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i.e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?

Answers: 3

Answer

Business, 21.06.2019 18:20

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Answers: 1

Answer

Business, 22.06.2019 11:20

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Answers: 3

Answer

Business, 22.06.2019 15:00

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?

Answers: 1

Answer

You know the right answer?

Byron books inc. recently reported $13 million of net income. its ebit was $31.2 million, and its ta...

Questions