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13 days ago

Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot

al quality culture b. Six Sigma accuracy in performing tasks c. Involvement and empowerment of employees at all levels d. Continuously improving the performance of every task and value chain activity e. Benchmarking and total customer satisfaction

Business

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INCOME STATEMENT Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40%

Katen [3525]

Answer:

The interest amounts to $1,000,000.

Explanation:

The standard format of an income statement includes:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

For this case:

EBIT equals $6,000,000.

The interest is to be determined.

Tax is calculated as 0.40.

EBITDA stands at $3,000,000.

The interest formula is: interest = [EBITDA / (1 - tax)] - EBIT

Substituting values, interest = 3000000 / 0.60 - 6000000 = -$1,000,000.

With EBIT at 6 million, the interest is $1 million, and the tax amounts to 2 million (calculated as (EBIT - interest) * 0.40).

Thus, the net income is $3 million.

7 0

2 months ago

You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier tha

soldi70 [3635]

Answer:

a. There was no breach of the law of demand since your product preference changed after trying the service.

Explanation:

Consumer tastes and preferences significantly influence demand. A person's inclination towards a product determines whether they desire more or less of it, affecting overall demand.

Your preference shifted in favor of the Uber ride over driving yourself, justifying your willingness to pay a higher price, thereby upholding the law of demand.

6 0

3 months ago

Assume an economy where the consumption function is defined as C = CC + cY, and the investment function is defined as I = mr, wh

Nady [3600]

Answer:

c and m

Explanation:

Considering the provided information,

Consumption function: C = CC + cY

Investment function: I = mr

where,

Y indicates total income

r represents the interest rate

The equation describing the IS curve can be stated as:

Y = C + I

Y = CC + cY + mr

Y - cY = CC + mr

(1 - c)Y = CC + mr

(1 - c)Y - CC = mr

$\frac{(1 - c)Y - CC}{m}=r$

$\frac{(1-c)Y}{m} -\frac{CC}{m}=r$

The slope of the IS curve is determined by differentiating 'r' with respect to 'Y',

$\frac{dr}{dY}=\frac{(1-c)}{m}$

Thus, the slope is contingent upon the variables c and m.

6 0

1 month ago

On March 1 a commodity's spot price is $60 and its August futures price is $59. On July 1 the spot price is $64 and the August f

Katen [3525]

Answer:

The answer is $59.50.

Explanation:

The calculations based on the scenario are as follows:

Profit on futures price = After futures price - before futures price

$63.50 - $59

= $4.50

Thus, the effective price that the company pays can be calculated using this formula:

Effective price paid = Spot price in July - Gain on futures price

= $64 - $4.50

= $59.50

6 0

2 months ago

In september of 1985, the british music industry reports that paul's beatles song ______________ has been broadcast over four mi

marusya05 [3725]

Answer:

"Yesterday"

Explanation:

The Beatles released the song Yesterday in 1965, featured on the album "Help!"

8 0

2 months ago