Supposing no other costs and that jacks art gallery used

Assignment Help Operation Management

Reference no: EM13392773

In 2010, Jack's Art Gallery sold 200 original works of art for $1,240,520. The gallery acquired the works sold for $530,000. Each painting was framed using predesigned framing kits in the gallery's own workshop. The firm bought 100 kits in January for $50,000, 100 kits in March for $60,000.,100 kits in May for $40,000 and 100 kits in August for $30,000. Other costs of operation, including salaries, supplies, rent, etc., totaled $200,000. The company depreciated its assets by $120,000 and paid interest on loans totaling $55,000. Assuming no other costs and that Jack's Art Gallery used FIFO in its inventory management, the firm's EBITDA for 2010 was:

a. $280,520

b. $230,520

c. $400,520

d. $440,520

Reference no: EM13392773

Questions Cloud

If its marginal tax rate was 30 what were timbers cash : timber firewood company reported the following numbers in its 2010 income statementebit 520000depreciation

The production is highly automated the company includes its : paint more llc has organized a new division to manufacture and sell specialty paint. the divisionrsquos monthly costs

How much did jakes accountant allocate for the depreciation : jake smith opened his balinese coffee shop business in downtown boise on january 1st 2010. on december 31st 2010 he sat

Examine the general information languagearea : examine the general information languagearea populationtime difference monetary unit ethic groups religions.examine

Supposing no other costs and that jacks art gallery used : in 2010 jacks art gallery sold 200 original works of art for 1240520. the gallery acquired the works sold for 530000.

Find out level of consumer spending and level of savings if : 1. write down the consumption function given the above information.2. determine the level of consumer spending and the

Is it a long-run equilibrium level of gdp explain why or : consider an economy with the following aggregate demand ad and short-run aggregate supply sras schedules.

Given the information you have researched on the industry : the purpose of the discussion board is to allow students to learn through sharing ideas and experiences as they relate

If the required reserve ratio is 10 what actions should the : your response should be a minimum of one 1 single-spaced page to a maximum of two 2 pages in length.discuss each of the

User Account

All Pages