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Little Books Inc recently reported 3 million in net income Its EBIT was 6 million and its tax rate was 40 percent What was its interest expense?
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∙ 13y ago
$1000000
Wiki User
∙ 13y ago
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5 million operating income net depreciation is 1 million interest expense of 1 million corporate tax rate is 40 percent what is the net income?
the remainders of money after a companies revenue is deducted
What is Profit after Tax and Minority Interest?
Minority interest (also known as Non-controlling interest) in business is an accounting concept that refers to the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is always less than 50% of outstanding shares, else the corporation would cease to be a subsidiary of the parent. Minority interest belongs to other investors and is reported on the consolidated balance sheet of the owning company to reflect the claim on assets belonging to other, non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.Minority interest is an integral part of the enterprise value of a company. The converse concept is an associate-company.Under IFRS the minority interest (non-controlling interest) is reported in the Equity section of the consolidated balance sheet. Under US GAAP, minority interest appears as a separate component in shareholders' equity.If ABC Corp. owns 90% of XYZ inc, which is a $100 million company, on ABC Corp.'s balance sheet, there would be a $10 million liability in minority interest account to represent the 10% of XYZ Inc. that ABC Corp does not own.Wonder what is Minority Interest? What is PAT after minority interest? What is Net Profit attributable to shareholders? Which is the actual profit shareholders of group receive?Read more at : http://financenmoney.in/profit-after-tax-and-minority-interest/
A company paid out 22.5 million in total common dividends and reported 278.9 million in retained earnings at year-end The prior year's retained earning were 212.3 million What was the net income?
(278.9 - 212.3) + 22.5 = 89.1 million in Net Income
What is 'fixed annual cost'?
That is an expense that is not changed by the amount of production. For instance, your rent will be the same whether you produce a million widgets or only 1000.
How do you figure Cost of Merchandise Sold?
in 2007, best buy reported revenue of $35,934 million. its gorss profit was $8,679 million. what was the amount of of best buy's cost of merchandise sold
EBITDA is 7.5 million and net income is 1.8 million interest expense 2 million and corporate tax 40 what is the charge for depreciation and amortization?
D&A = 2.5 million
5 million operating income net depreciation is 1 million interest expense of 1 million corporate tax rate is 40 percent what is the net income?
the remainders of money after a companies revenue is deducted
What would the total expenses be if the reported net income of 2.4 million on total revenues of 30 million and the depreciation expense totaled 1 million?
Sales revenue 30 million Less: Expenses 26.6 million (balancing figure) Less: Depreciation 1 million Net income 2.4 million
What companies have a 'beat that quote' option?
Google recently acquired BeatThatQuote and has incorporated into its metrics and algorithms. The acquisition occurred in Britain and was reported to be 37.7 million pounds.
What was the expense on 2008 Olympics?
300 million
What is MSU basketball coach Tom Izzo's salary?
It was recently reported that Tom Izzo makes $3 million per year. About the equivalent of the tuition of 100 students at MSU.
Can a million dollars double in a year on interest?
You can,t a million dollars interest from a million dollars but you can get half a million dollars
What percent of California is Mormon?
In January 2014, the church of Jesus Christ of Latter-day Saints (the "Mormon" church) reported 780,200 baptized members in California. The total population of California has recently been reported at 38 million. This means that 2% of the population of California is Mormon. [780,200/38,000,000=0.02]
Interest of 20 million dollars a year?
Interest on $20 millions depends on the percentage. If the interest rate is 5 percent, the return for the year $1 million.
What is Tom Brady's yearly salary?
Manning signed a 7 year contract in March, 2004 for a reported 99.2 million dollars. That would put his average salary at a little over $14 million dollars. In addition ESPN Reported Peyton has endorsements worth an estimated 14 million per year. It was also reported that he recently reworked his contract so they could keep some key players on the team. He is not like some other NFL players (TO) who yell about their contact half way through it and demand more money just to feed their family.
What is Barack Obamas travel expense?
Over 7 million per trip
How many interest will you get for 1 million?
It depends on the rate of interest, how it is compounded, and how long it draws interest.
