Which of the following is an approximation of a cash-based measure of pretax operating earnings?
a. Net sales less income taxes
b. EBITDA
c. Net income
d. Gross profit
B
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Roki Inc uses the periodic inventory system. June 1 On hand, 50 units @ $15.00 each $ 750.00 5 Purchased 115 units @ $15.10 each 1,736.50 14 Purchased 75 units @ $15.20 each 1,140.00 Total cost of goods available for sale $3,626.50 30 On hand, 90 units If the June 30th inventory included 45 units from the June 5th purchase and 45 units from the June 14th purchase, Roki's cost of goods sold for
June under the specific identification method would be a. $2,945.00 b. $3,626.50 c. $2,263.00 d. $2.373.00
Describe the accounts receivable recognition process
About 90 percent of the value of finished goods inventory can be used as collateral for a commercial bank loan.
Answer the following statement true (T) or false (F)
With a level capacity plan, ______.
a. the company produces on a given day what is demanded on that day b. the company produces at a steady rate and stores inventory c. the firm may experience fluctuations in employment d. the firm has low revenue margins due to high per-unit costs