If a store sold 25 pairs of socks, making a 25% profit of $150, how much did they charge for each pair?

Answer:

The right choice is option (D).

Explanation:

The scenario provides the following information:

Operating Income (EBIT) = $2,500,000

Depreciation Expense = $500,000

Tax rate = 40%

Net investment = $1,000,000

Thus, we can determine BBC's free cash flow using this formula:

= EBIT × (1 - Tax Rate) + Depreciation & Amortization - Net investment

Insert the values into the formula above:

So, the calculation becomes:

= $2,500,000 × (1 - 40%) + $500,000 - $1,000,000

= $1,500,000 + $500,000 - $1,000,000

= $1,000,000

Answer;
To attend the field trip, a student must submit a permission slip.

Explanation; 
This is due to the fact that a singular noun like student requires a singular pronoun. The subject and verb must be in agreement, meaning instead of using the plural pronoun they with a singular noun, the correct pronouns are he or she.[[TAG_9]]

If a business finds itself with reduced profits, it might pursue various strategies to enhance its current products instead of creating new ones since this path typically incurs lower costs and potentially boosts profitability. The preferable responses are B. Product Extension and C. New Product Placement.

Reintroduction involves launching the product with a more inventive marketing strategy. It can focus on a different market segment, provide better information about the product, and utilize more engaging advertisements. Adjustments to the product's packaging can also help it appear more appealing and new.

Product extension targets new markets, which can include exporting goods. While this strategy might carry higher costs, it can elevate the product's quality by meeting export standards. It’s about shifting markets, not altering the product.

New product placement is when products are promoted through media. For instance, showcasing products in films allows characters to use them, thus raising awareness among viewers about how to use them while simultaneously promoting the brand, without changing any product features, merely the media placement.

<span>Rebranding can also be a viable strategy. This means introducing a product under a new name and modifying not only the packaging but the overall presentation. This can provide a fresh image aimed at attracting a new audience or expanding the existing one.</span>

Answer: 90 days and 4.06 times

Explanation:

The short-term operating cycle is calculated by adding Average production process time + Days goods are held + Days Accounts receivable are due]

= 40 + 15 + 35

= 90 days

With a 365-day year, the cycle will turnover;

= 365/90

= 4.0556

= 4.06 times

Answer:

$9.71

Explanation:

The calculations for the share price are outlined below:-

Current EPS = Net Income ÷ Total Common Shares

= $9,250,000 ÷ 5,500,000

= $1.68

Current P/E ratio = Current stock price ÷ Current EPS

= $12 ÷ $1.68

= 7.14

Projected EPS for next year = $9,250,000 × 1.25 ÷ 8,500,000

= $1.36

Forecasted stock price for next year = $1.36 x 7.14

= $9.71