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 12:30

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Answers: 3

Answer

Business, 22.06.2019 20:30

When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?

Answers: 1

Answer

Business, 22.06.2019 20:40

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen

Answers: 1

Answer

Business, 23.06.2019 06:00

Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.

Answers: 1

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