This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Given the information in Figure 12.1, what is the break-even EBIT-EPS for Crane Manufacturing Inc.? ... (Read 47 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jul 11, 2018
Given the information in Figure 12.1, what is the break-even EBIT-EPS for Crane Manufacturing Inc.?
 
  A) EBIT = 100,000 and EPS = 0.15
  B) EBIT = 250,000 and EPS = 0.35
  C) EBIT = 350,000 and EPS = 0.45
  D) EBIT = 400,000 and EPS = 0.65

Question 2

All of the following are commonly excluded by personal umbrella policies EXCEPT
 
  A) acts committed with the intent to cause bodily injury or property damage.
  B) professional liability.
  C) aircraft liability.
  D) libel, slander, and other types of personal injury.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 11, 2018
Answer to Question 1

B
Explanation: B) (EBIT-0)(1-t)/n = (EBIT - I)(1-t)/n
EBIT(.7)/500,000 = (EBIT - 100,000)(.7)/300,000, EBIT = 250,000 and EPS = 0.35.

Answer to Question 2

Answer: D


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Paul Colin, Figure of a Woman. Paul Colin, Figure of a Woman.
Everyday situations sometimes present opportunities for children to build information processing ... Everyday situations sometimes present opportunities for children to build information processing ...
MSDS labels provide an abridged version of substance hazards information and must be permanently ... MSDS labels provide an abridged version of substance hazards information and must be permanently ...
The five skills of the element Collection of Information The five skills of the element Collection of Information
Simplified diagram of information flow (the central dogma) from DNA to RNA Simplified diagram of information flow (the central dogma) from DNA to RNA
Video: Phlebotomy

For a complete list of videos, visit our video library