The difference between ebit and taxable income must be the

Question

What are the three principal forms of business organization? What are the advantages and disadvantages of each?

What are financial intermediaries, and what economic functions do they perform?

Is an initial public offering an example of a primary or secondary market transaction?

Identify and briefly compare the two leading stock exchanges in the United States today.

Molteni Motors Inc, recently reported $6million of net income. Its EBIT was $13 million and its tax rate was 40%.

What was the interest expense? ( Hint: Write out the headings for an income statement, and then fill in the known values. Then dived $6 million net income net income by 1-T = 0.6 to find the pretax income.

The difference between EBIT and taxable income must be the interest expense. Use this procedure to work some of the other problems.)

 

Answer 1

Make sure to read all the questions carefully and respond it accordingly in a word paper using Arial Black font. Q1. Illustrate the three principal forms of the business organization? Describe the merits and demerits of each? Q2. Describe the financial intermediaries and what economic functions do they carry out? Q3. Is an initial public offering an illustration of a main or secondary market transaction? Q4. Recognize and in brief compare the two leading stock exchanges in the United States today. Q5. Molteni Motors Inc, recently reported $6million of total income. Its EBIT was $13 million and its tax rate was 40%. Q6. Determine the interest expense?