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Vadim26 [7]
1 year ago
11

Mart's Boutique has sales of $820,000 and costs of $540,000. Interest expense is $36,000 and depreciation is $59,000. The tax ra

te is 21 percent. What is the net income? $146,150 221,200 105,000 139,050
Business
1 answer:
Rufina [12.5K]1 year ago
3 0

Answer:

$146,150.00

Explanation:

Net income is net of taxes.

Here,

Sales = $820,000.00

Less: Costs = -$540,000.00

Gross profit = $280,000.00

Less: Finance Costs

Interest = -$36,000.00

Depreciation = -$59,000.00

Net profit before Tax = $185,000.00

Less: Tax @ 21% of $185,000.00 = - $38,850.00

Net Income (after tax) = $146,150

Net income is always computed after tax.

$146,150.00

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Xander is preparing the promotional plan for Wenger Swiss Gear backpacks in early May. This promotion will be executed in the mo
ValentinkaMS [17]

Answer:

A. Advertising

Explanation:

Advertising is a paid form of non-personal communication targeted to an audience and usually employed by business men to promote their goods and services. The mass media which includes; radio, television, newspapers, e-mail are the means though which products can be advertised.

The description of what Xander wants to do which includes paying for the non-personal message which would be communicated through mass media, fit the description of advertising.

3 0
1 year ago
Read 2 more answers
The Italian Bread Company purchased land as a factory site for $70,000. An old building on the property was demolished, and cons
Monica [59]

Answer:

Land $80,900

Building $643,000

Explanation

Land

Demolition of old building $9,000

Sale of salvaged materials (1,100)

Legal fees (for title investigation of land) 3,000

Purchase price of land $70,000

Total $80,900

Building

Architect fees (for new building) 20,000

Building construction cost 600,000

Interest cost related to the construction 23,000

Total $643,000

7 0
1 year ago
Card Corp. purchased bonds at a discount of $49,000, and accounted for the bonds as held to maturity. Subsequently, Card sold th
jonny [76]

Answer:

$42,000

Explanation:

Data provided

Bonds at a discount = $49,000

Sold bonds at a premium = $12,000

Discount amount = $19,000

The computation of the sale of bonds is shown below:-

Cost + Premium - (Cost - Carrying value cost)

Carrying cost = $49,000 - $19,000

= $30,000

Sale of bonds = (Bonds at a discount + Sold bonds at a premium) - (Bonds at a discount - Carrying cost)

($49,000 + $12,000) - ($49,000 - $30,000)

= $42,000

7 0
2 years ago
Assume France and Italy decide to specialize and trade according to their comparative advantages, and 20 bushels of grapes are e
Aleks04 [339]

Answer: Yes, it's beneficial

Explanation:

Comparative advantage is the ability of a nation to produce goods at a lower opportunity cost when compared to its trading partners. A comparative advantage allows a firm sell its product at a lower price and make more sales.

In comparative advantage, the nation might not necessarily be the best at producing a particular good but it has a low opportunity cost in the production of the good for other nations to import. Comparative advantage leads to specialisation and enhances economic growth.

For example, if France can produce cheap grapes and Italy can produce cheap tomatoes, France should stop producing tomatoes and Italy should stop producing grapes. France should focus on the production of grapes while Italy should focus on tomato production. This will lead to more income for both economies since there is productive efficiency.

7 0
1 year ago
Read 2 more answers
There are many unstated assumptions in the problem given above. Even if the mathematical solution is to make only one or two typ
Genrish500 [490]

Answer:

The unstated assumptions in the problems given is that the company may require more units of aluminium and steel, which would allow for producing more bicycles.A linear programming model cannot account for this.

Explanation:

Linear programming model: this is an algebraic description of te objectives to be minimized and the constraints to be satisfied by the variables.

3 0
2 years ago
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