Calculate the net income, Raytheon’s State College location

Calculate the net income

Assignment Help Business Economics

Reference no: EM131101342

Raytheon’s State College location had a gross income of $20,000,000 in 2015. In 2015 they also paid $3,000,000 in employee salaries, $4,000,000 in operating and maintenance costs, $800,000 in depreciation expense, $200,000 in loan principal payment, and $210,000 in loan interest payment. Calculate the net income of Raytheon State College for 2015.

Reference no: EM131101342

Questions Cloud

Price elasticity of petroleum demand : What do you understand by the phrase 'price elasticity of petroleum demand' and the term 'marginal revenue'. Explain intuitively with aid of graphs what would happen to gross oil revenue if the price of oil should decrease or increase if the demand f..

What is the market clearing wage : Suppose that students are numbered 1-30. Students 1,4,7,10,... are firms, and others are workers. The firms are willing to hire a single worker, and their willingness to pay is their student number. A worker’s student number is the value of his leisu..

The labor force and unemployed and employed : Assume that in Babilonia no one is born or dies, but just spend their life either out of the labor force, or in the labor force and unemployed, or employed. Assume crucially that these percentages are unchanged, year after year. What are the steady-s..

Compare three ways to reduce the demand for heroin : Use economics to compare three ways to reduce the demand for heroin: (i) the substitution of another, less dangerous, and less debilitating drug, such as methadone for heroin, to registered addicts; If expenditures on preventing crime equal $200 bill..

Calculate the net income : Raytheon’s State College location had a gross income of $20,000,000 in 2015. In 2015 they also paid $3,000,000 in employee salaries, $4,000,000 in operating and maintenance costs, $800,000 in depreciation expense, $200,000 in loan principal payment, ..

Units-of-production method to calculate depreciation : A coal hauling truck has a net cost of $85,000. It has an expected service life of 250,000 miles at which time it will have a $5,000 salvage value. Your company uses the units-of-production method to calculate depreciation. Calculate the allowed depr..

Double declining-balance depreciation method : Restek Chromatography Products and Solutions company purchased new packaging equipment with an estimated useful life of 10 years. Cost of the equipment was $20,000 and the salvage value was estimated to be $3000 at the end of its useful like. For the..

Explain government options for expansionary fiscal policy : Explain the government's options for expansionary fiscal policy & what they mean for the budget balance. Assuming that the economy is in a recessionary gap, graphically show the impact of expansionary fiscal policy on real GDP. Should the government ..

Three possible investment opportunities for period : Linda inherited a sum of $50,000 from one or her great parents. She would like to invest in one of the following three possible investment opportunities for a period of 10 years. Choose the best one for her.

User Account

All Pages