(2-3) Little Books Inc. recently reported $3m of net income. Its EBIT was $6m‚ and its tax was 40%. What was its interest expense? ANSWER: Net Income $3 Million EBIT $6 Million Divided by 0.6 Less IBT $5 Million Income before Taxes $5 Million Interest Expense $1 Million **Interest Expense = $1M** (2-7) The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs but before (1) interest charges of $50‚000
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Financial Accounting 1. Obligation of business that represents the claims of these against the assets of the less cash is called? A. Asset B. An expense (WA) C. Revenue D. An equity E. Liability 2. Net income results when A. Assets > liability B. Revenue = expenses C. Revenue > expenses D. Revenue < expenses E. None 3. Resources owned by a business are referred to as A. Stockholders equity B. Liability C. Assets D. Revenue (WA) E. None 4. Expenses are incurred
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How to boost tourism in Singapore? (Taking into consideration of hotel and food & beverage) table of contents 1. Introduction 2. Singapore Tourism Board (STB) 3. Overview of the trend of Singapore’s tourism 4. The impacts of tourism in Singapore perspective 5. Current situation of Singapore tourism 6. Strategic response for the situation 7. Conclusion 8. References | Introduction Tourism is known as a tertiary industry because it deals mainly with the provision of services
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quality 3-star hotel‚ which has been operating for three years since taken over by a new management team. The goal for the new management team is to improve the hotel’s reputation‚ market share and financial performance in a competitive market area. This report consists of two main sections. First section is to analyse the objectives‚ strategies and outcomes of the business for first three years in detail. Secondly‚ a financial analysis such as total revenue and net income analysis will be done through
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Bike’s assets on that date were recorded at $10‚500‚000 with liabilities of $4‚500‚000. There were no other differences between book and fair values. During 2010‚ Bike reported net income of $500‚000. For 2011‚ Bike reported net income of $800‚000. Dividends of $300‚000 were paid in each of these two years. 49. How much income did Harley report from Bike for 2010? A. $120‚000. B. $200‚000. C. $300‚000. D. $320‚000. E. $500‚000. 26. Under the equity method‚ when the company’s share of cumulative
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marginal and average tax rates for a corporation with an income level of $100‚000? Taxes = (0.15 × $50‚000) + 0.25 × ($75‚000 − $50‚000) + 0.34 × ($100‚000 − $75‚000) = $22‚250 Marginal tax rate = 34% Average tax rate = $22‚250/$100‚000 = 0.2225 = 22.25% The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1‚100‚000 and retained earnings at $3‚400‚000. The next year‚ retained earnings were listed at $3‚700‚000. The firm’s net income in 2011 was $900‚000
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the affair is the direct result of the faithful mate and‚ the marriage must end in divorce. In examining the various myths‚ this paper will challenge the greater issue‚ can marriage survive infidelity? There was a time when more smart-conscious decisions were made relating to sexual relationships. In particular‚ sexual relationships within a marriage. However‚ times have changed. The pillars that hold up our individual sexual values have started to crumble. It is estimated that two out of
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“Assumptions and Statements” tab. In completing this task‚ you’ll need to address some accounting issues highlighted in the case. Kerr’s job is to try to unwind accounting choices that might provide transitory increases in Net Income‚ which would have the effect of overstating Net Income‚ and hence the value of Dragon Soup. The goal is to establish the true value of Dragon. This exercise is not intended to seek out especially high or especially low values. Within the case‚ there is no need to read the
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Non-Labour Income in Desired Working Hours Assuming that the individual has zero non-labour income and faces the income budget line of JZ‚ the individual would choose point A as the ‘optimal’ utility-maximizing point as it is the highest attainable indifference curve(tangent to the income budget line or MRS = |w/p|). At this point A‚ the individual will work Ls1 hours‚ enjoy La leisure hours and enjoy an income of Ca. Assuming the individual has attained a source of non-labour income‚ for example
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End Result Idea Tara LeNoir HCS/212 April 8‚ 2013 Brenda Young End Result Idea Joint Commission on Accreditation of Health care Organization formed around an idea by Ernest A. Codman‚ MD‚ FACS. Doctor Codman’s idea “was simply the premise that hospital staffs would follow every patient they treat long enough to determine whether or not the treatment was successful‚ then learn any failures‚ and how to avoid those situations in the future.” (American College of Surgeons. 2013.) The “End Result
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