Finance

The two most fundamental aspects of a corporation (as a form of busine

The two most fundamental aspects of a corporation (as a form of business organization) that lead to not only tremendous economies of scale and scope (as a positive) but also are linked to the financing problems that we address in the course (as a negative) are: a. the separation of ownership and control AND private […]

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Date: September 19th, 2020

The revenue is $24,000, the cost of goods sold is $12,000, other expen

The revenue is $24,000, the cost of goods sold is $12,000, other expenses (from selling and administration) are $6,000, and depreciation is $2,000. What is the EBIT? A) $12,000 B) $6,000 C) $4,000 D) $2,000     ANSWER Answer: C Explanation: C) EBIT = Revenue – Cost of Goods Sold – Other Expenses – Depreciation […]

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Date: September 19th, 2020