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November 22, 2014

November 22, 2014

Posted by **MeMe** on Tuesday, September 6, 2011 at 8:17pm.

Cost of goods sold............................... $1.2 million

Administrative expenses........................ $250,000

Marketing and selling expenses............... $175,000

Depreciation........................................ $500,000

Interest expense.................................. $200,000

Dividends paid..................................... $150,000

(TCO 1) Assuming a tax rate of 30%, what is the EBIT and taxable income for the year?

(Points : 3)

$1,000,000 and $800,000 respectively

$575,000 and $375,000 respectively

$565,000 and $365,000 respectively

$425,000 and $225,000 respectively

None of the above

fOR THIS ONE I CHOOSE NONE OF THE ABOVE

- BUSN -
**dj**, Wednesday, May 2, 2012 at 6:02pm$1,000,000 and $800,000 respectively

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