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    smiths3's Avatar
    smiths3 Posts: 1, Reputation: 1
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    #1

    Jul 5, 2011, 09:56 PM
    ElectroWizard Company produces a popular video game called Destructo which sells for
    ElectroWizard Company produces a popular video game called Destructo which sells for $32. Last year ElectroWizard sold 50,000 Destructo games, each of which costs $6 to produce. ElectroWizard incurred selling and administrative expenses of $80,000 and depreciation expense of $10,000. In addition, ElectroWizard has a $100,000 loan outstanding at 12%. Their tax rate is 40%. There are 100,000 common shares outstanding.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Jul 6, 2011, 05:41 AM
    In the first place this is not a homework hotline. Second, you never asked a question.
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