has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings

Answers

Answer 1

Answer:

$76,840

Explanation:

The computation of the addition to the retained earning is shown below;

But before that following calculations must be done

Earnings before interest and taxes (EBIT) is

= Sales - Cost - Depreciation

= $690,000 - $342,000 - $87,000

= $261,000

Now

EBT = EBIT - Interest

= $261,000 - $52,000

= $209,000

Now

Net income = EBT × (1 - Tax)

= $209,000 × (1 - 24%)

= $158,840

And finally

Addition to retained earnings is

= Net income - Dividends

= $158,840 - $82,000

= $76,840


Related Questions

LinkedIn targets a specific demographic: working professionals. They tend to be older and better educated. Why might advertisers be more interested in this group over others

Answers

Answer: Buying power

Explanation:

As the question says, LinkedIn has working professionals which means that these are people with income sources that can enable them to purchase goods and services.

Advertisers would therefore target them so that they may get them to purchase the goods and services they are advertising because these working professionals have a better chance of patronising the advertisers than other groups of people who may not have the income requirements necessary to do so.

If the consumer gets 40 utils from buying four DVDs, 45 utils from buying five DVDs and 48 utils from buying six DVDs, then the consumer's marginal utility is: Group of answer choices decreasing. constant. increasing at an increasing rate. increasing.

Answers

Answer:

decreasing

Explanation:

Since in the question it is mentioned that of the consumer buy four DVds and he gets 40 utils and if he buy more he get more utils and so on so the utility of the consumer would be decreased in the case when he consumes more

Therefore as per the given situation the first option is correct

The same is considered and relevant too

Which of the following would cause the supply curve for t-shirts to shift left?

A: The price of cotton increases by 20%.
B: Laborers at a t-shirt factory agree to reduced wages.
C: T-Shirts become more fashionable amongst teenagers.
D: A new printing machine screen prints t-shirts at an increased rate.

Answers

it’s C i did this before hope this helps

the decision-makers that experience scarcity.

Answers

Answer:

Governments, companies, and individuals

Explanation:

Answer:

goverments companies induvuduaks

Explanation:

Which of the following would NOT cause a shift in AD?

Select one:
a.
An increase in government spending
b.
A reduction in interest rates
c.
A reduction in income tax
d.
A fall in the cost of production

= A fall in the cost of production​

Answers

Answer:

= A fall in the cost of production

Explanation:

= A fall in the cost of production= A fall in the cost of production= A fall in the cost of production

13
Charlie is summoned for jury duty. While still in the selection process, it is discovered
Which of the following would most likely happen?
O Charlie would be excluded for cause.
Charlie would be preserved on the jury since he would have inside i
Charlie can refuse to serve on the jury.
Charlie would be excluded through preemptory challenge.
14
Casey is on trial under criminal allegations that she engaged in fraudulent behavior
nombioLUS Droof that Casey is guilty. Which of the follow
-בין ה
Hilola.

Answers

Answer:

13. Charlie would be excluded for cause;

14. the plaintiff provides proof only up to the level of “clear and convincing,” Casey can still be acquitted.

Explanation:

Since it was realised that Charlie has a relationship with on of the parties summoned for a case, this will lead to Charlie been removed and excluded for cause. This is because it is believed that due to the fact that he has a relationship with the person, there may be bias which may lead to a false outcome regarding the case.

For the second question, Cash can be acquitted if there's proof which is provided by the plaintiff and the proof is clear enough and convincing.

The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?

Answers

Answer:

$344,000

Explanation:

Assets, liabilities, and equity combine to form the accounting equation.  their relationship in the accounting equation is as follows,

Assets = Equity + Liabilities

In this case,

Asset =??

Liabilities=$117,000

Equity =$227,000

Therefore,

Assets = $117,000 + $227,000

Assets = $344,000

Brief Exercise 22-09 Kaspar Industries expects credit sales for January, February, and March to be $211,000, $270,600, and $315,300, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Credit sales:

January= $211,000

February= $270,600

March= $315,300

It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.

Cash collection January:

Sales on credit from January= (211,000*0.75)= 158,250

Total cash collection= $158,250

Cash collection February:

Sales on credit from February= (270,600*0.75)= 202,950

Sales on credit from January= (211,000*0.25)= 52,750

Total cash collection= $255,700

Cash collection March:

Sales on credit from March= (315,300*0.75)= 236,475

Sales on credit from February= (270,600*0.25)= 67,650

Total cash collection= $304,125

Sheridan Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below.

Unit selling price of security control $45
Unit variable costs $22
Total monthly fixed costs $120,000
Units sold 8,000

Required:
Prepare a CVP income statement for Cedar Grove Industries for the month of May. Provide per unit values and total values.

Answers

Answer and Explanation:

The preparation of the CVP income statement for Cedar Grove Industries for the month of May is presented below;

Particulars         Units       Amount

net sales           $45          $360,000 (8,000 units × $45)

Less:

Variable expense $22      -$176,000 (8,000 units × $22)

Contribution margin  $23    $184,000

Less:

Fixed cost                           -$120,000

Net income                           $64,000

The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?

Answers

Answer:

$344,000

Explanation:

Assets can be calculated by applying the accounting equations.  In the accounting equations

Assets = Liabilities + Equity

In this case, liabilities are  $117,000 and Equity is $227,000.

Therefore,

Assets = $117,000 + $227,000

Assets = $344,000

Describe three factors that impact cost or revenue within your organization. How might these variables impact your DPI Project deliverables systematic review

Answers

Incomplete question. I provided three factors that can impact cost or revenue within an organization.

Explanation:

1.  Production capacity: Theoretically, the greater the production capacity, the higher the opportunity for added revenue since more of the goods or services can be rendered.

2. The market segment: A good market segment can result in profitability for the business.

3. Type of labor employed: Many modern-day industrialists believe that organizations that switch to an automated labor force can achieve lower operational cost; thereby leading to more revenue.

A taxpayer who claims a bad debt in the year the debt becomes worthless has how lomg to file an amended return

Answers

Answer: You must deduct a bad debt in the year it becomes worthless. If you realize you could have reported and taken a deduction for an unpaid debt years ago but didn't, you generally have only three years to amend your return in order to claim it on your tax return.

HOPE THIS HELPS

Mary O. Andrettey wants to purchase an expensive sports car. She needs to borrow money to purchase the car, and has loan proposals from three different sources. The cash flows for each proposal are:

Answers

Answer: Proposal C

Explanation:

The way to solve this is to calculate the Present Values of all these payments. The smallest present value is the best.

Proposal A.

Periodic payment of $2,000 makes this an annuity.

Present value of Annuity = Annuity * ( 1 - ( 1 + r ) ^ -n)/r

= 2,000 * (1 - (1 + 0.5%)⁻⁶⁰) / 0.5%

= $103,451.12

Proposal B

Present value = Down payment + present value of annuity

= 10,000 + [2,200 * ( 1 - ( 1 + 0.5%)⁻⁴⁸) / 0.5%]

= 10,000 + 93,676.70

= $103,676.70

Proposal C

Present value = Present value of annuity + Present value of future payment

= [500 * (1 - (1 + 0.5%)⁻³⁶) / 0.5%] + [116,000 / (1 + 0.5%)⁶⁰]

= 16,435.51 + 85,999.17

= $‭102,434.68‬

Proposal C has the lowest present value and so is best.

In general, a capital-abundant country (such as the United States) tends to specialize in capital-intensive industry and export capital-intensive products, and import labor-intensive products. This statement is an illustration of the ____________________ of comparative advantage.

Answers

Answer:

Law

Explanation:

According to the law of comparative advantage, a country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, country A produces 20kg of beans and 10kg of rice. Country B produces 10kg of beans and 20kg of rice.  

for country A,  

opportunity cost of producing beans = 10/20 = 0.5

opportunity cost of producing rice = 20/10 = 2

for country B,  

opportunity cost of producing rice = 10/20 = 0.5

opportunity cost of producing beans = 20/10 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

compare, contrast, and discuss the connections between the ever-changing global business environment and the changes in the dynamic and diverse workplace, including the challenges of global economics and social responsibility.

Answers

Explanation:

Globalization and new technologies have impacted social and economic relations around the world. The distances between countries have become shorter as a result of internet communication, in addition to the transport and flow of information, which occurs instantly in everyone today.

This new scenario enabled the expansion of businesses in search of profitability and cost reduction, companies opened new branches in different countries and diversified their work environment, making it multicultural, with workers of different cultures and values. This environment allows a very positive exchange for organizations, which achieve innovation and creativity through people with different worldviews.

Globalization has also impacted the way companies are perceived, they are no longer just profitable entities to become promoters of social and environmental responsibility, due to the way that society changes its consumption and interaction paradigms and encourages companies to adapt to continue meeting society's demand. The organizational image strengthened through social programs and reduction of environmental impact provides long-term competitive and strategic advantages for companies, such as attracting investors, greater value for stakeholders, continuous improvement, etc.

Assume your firm has an unused machine that originally cost $75,000, has a book value of $20,000, and a market value of $25,000. Ignoring taxes, what is the opportunity cost of using this machine

Answers

Answer:

$25,000

Explanation:

Opportunity costs is based on market value, not historical costs or original costs. So, the opportunity cost of using this machine is $25,000

The two common stock ratios are the price–earning (PE) ratio and the
ratio. The latter ratio is used to calculate the PE ratio by dividing the
of equity shares by it.

Answers

Answer:

The two common stock ratios are the price–earning (PE) ratio and the  earnings per share (EPS) ratio. The latter ratio is used to calculate the PE ratio by dividing the price of equity shares by it.

Explanation:

The Price-earnings ratio measures  investors' assessments of an entity's future earnings.  It is determined by obtaining the share price of the company's stock and dividing it by the EPS.  It is expressed in number of times of the EPS that investors are willing to pay for a share in the company's equity.  The earnings per share (EPS) indicates the profit or income which a company generates for each share.  It is determined by dividing a company's net profit by the number of outstanding common shares.  It is widely used to estimate corporate value.

Answer:market price

Explanation:

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information:

November 30
Debit Credit
Supplies $1,650
Prepaid Insurance 6,600
Salaries Payable $10,300
Deferred Revenue 2,300

The following information is known for the month of December: Purchases of supplies during December total $3,800. Supplies on hand at the end of December equal $3,150. No insurance payments are made in December. Insurance cost is $1,650 per month. November salaries payable of $10,300 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,300. On November 1, a tenant paid Golden Eagle $3,450 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount.

Required:
Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31.

Answers

Answer:

Date       General Journal                                Debit       Credit

Dec 31    Supplies expenses                           $2,300

               (1,650+3,800-3150)

                      Supplies                                                       $2,300

               (To record the supplies used during the period)

Dec 31     Insurance expenses                         $1,650

                      Prepaid expenses                                        $1,650

                (To record the insurance expired for December)

Dec 31      Salaries expenses                            $15,300

                       Salaries payable                                          $15,300

                (To record the unpaid salaries)

Dec 31        Deferred revenue                            $1,150

                   (3450/3 months)

                          Rent revenue                                             $1,150

                   (To record the revenue earned during the period)

Journal entries are used in accounts for the purpose of recording financial transactions either economic or non-economic for the business.

Adjustment entries are used for making final income and expenditure recordings at the point of their occurrence.  

The adjustment entry for the given data

Supplies expenses Dr       $2,300

To supplies                         $2,300

The supplies are recorded during 31 December:

[tex]1,650+3,800-3150\\=2300[/tex]

Dec 31  Insurance expenses  Dr.       1650

            To  Prepaid expenses           1650

Dec 31    Salaries expenses Dr.         15,300

               To Salaries payable            15,300

Dec 31     Deferred revenue Dr.        1150

                 To Rent revenue                1150

Revenue earned during this period is calculated by:

[tex]\frac{3450}{3} \\=1150[/tex]

Learn more about accounting entries here:

https://brainly.com/question/5713357

In 2009, Democratic President Barack Obama called on Congress to pass comprehensive health care reform. The goal of the legislation was to expand access to health insurance to the more than 40 million uninsured Americans and lower the overall cost of health care.

The Democratic-controlled House of Representatives considered many different reforms, including a government-sponsored health plan with a public option and a requirement that all individuals purchase health care known as an individual mandate. Republicans opposed both ideas and put forth their own plans which included tax incentives and methods to lower costs when seeing a doctor. In the end, a bill called the Affordable Care Act (ACA) was passed, which included an individual mandate but not a public option. The final vote in the House was 220-215. Only one Republican supported the bill, while 39 Democrats voted against it.

Republicans immediately began campaigning on a platform of repealing the ACA. After regaining control of the House of Representatives in the 2010 elections, the Republicans passed over 60 bills repealing the ACA. Each time, the legislation stalled in the Democratic-controlled Senate. When Republicans became the majority in both chambers following the 2014 elections, they finally passed a repeal of the Affordable Care Act. That legislation was vetoed by President Obama.

After reading the scenario, please respond to A, B, and C below.

a. Referencing the scenario, describe the party control of government when Congress passed legislation in 2014 to repeal the ACA, and explain how that party control could have affected the attempt to repeal the ACA in 2014.
b. Referencing the scenario, explain why a Republican representative following the delegate model of representation might have cast a vote in favor of the ACA bill in 2009 when it was originally passed.
c. Describe how the judicial branch could be used to implement the Republican’s legislative goals despite President Obama’s veto. Explain how this use of the judicial branch might ultimately affect the success of the Affordable Care Act.

Answers

Answer:

a. The party control of government when Congress passed legislation in 2014 to repeal the ACA was when Republicans gained majority seats in both chambers of Congress.  This Republican control of Congress was the catalyst for the repeal of the ACA in 2014.

b. The Republican representative who cast a vote in favor of the ACA bill in 2009 followed strictly his constituency mandate.

c. When President Obama vetoed the ACA repeal, the Republicans could proceed to court to try to use the judicial branch of government to implement their legislative goals by requesting for constitutional interpretation of the repealed bill.

If this had happened, it would have seriously hampered the implementation and success of the Affordable Care Act for partisan reasons.

Explanation:

a) Congress is the legislative arm of government that makes the law.  The executive implements the law.  The judiciary is in charge of the interpretation and application the law to real situations.  But when the President vetoes a bill, Congress can override the veto by ensuring that 2/3 of both chambers pass the law.  Alternatively, Congress can ask for a judicial interpretation.

Congress is termed as the legislative party that focuses on the implementation of the law and framing of the laws for the benefit of the general public and the citizens. The judiciary in congress is held as in charge of the interpretation and the formation of laws.

The answers to the above questions are:

a. The party of the government was the republicans when congress passed the legislation in the year 2014 for the laying of the appeal of ACA. This Republican control of Congress was the catalyst for the repeal of the ACA in 2014.

b. The Republican representative who cast a vote in favor of the ACA bill in 2009 followed strictly his constituency mandate.

c. When President Obama voted for the ACA repeal, the Republicans proceeded to court to use the judicial branch of government for the implementation of the legislative goals in the request of constitutional interpretation of the appealed bill.

To know more about the scenario of the congress, refer to the link below:

https://brainly.com/question/6102945

5. Which commandment of computer ethics is violated on doing the following:

a) Hacking b) Software piracy c) Computer Virus ​

Answers

the answer is a hacking

the answer is by hacking

What is a marginal tax rate?
the actual percentage of federal tax paid
the highest percentage of federal tax paid
the lowest percentage of federal tax paid
the rate difference between joint and single filers

Answers

Answer:

the highest percentage of federal tax paid

Explanation:

The marginal tax rate implies the highest tax rate applicable in a progressive tax system. It is the tax rate imposed on extra income. In a progressive tax system like the one used in the US, the tax rate rises as income increases. The marginal tax rate is the increased tax rate paid on the extra dollar earned.

The marginal tax rate is, therefore, the highest percentage of federal tax paid.

who has better abs 1 or 2?

Answers

Answer:

1

Explanation:

They just look more... real???

Answer:

Lm.ao what

Explanation:

Ig the second one lol

On January 1, 2024, Bear Cove Co. issued its 11% bonds in the face amount of $3,000, which mature on January 1, 2034. The bonds were issued for $3,385 to yield 9%. Bear Cove uses the effective-interest method of amortizing the bond premium. Interest is payable annually on December 31. The 12/31/24 bond carrying value is approximately:

Answers

Answer: The bond carrying value is approximately $3,332

Explanation:  

Given that

Year    Int. Expense(A)   Interest pmt(B)  Pre. amortization    Bonds carrying val

          9% of previous      11% of face              B-A                    Issue price - prem

          carrying value            value                                                         Amort

0                     0                           0                         0                         $3,385

1            (0.09×3385)         (0.11×3000)          (330 - 304.65)      (3,385 - 25.35 )

                $304.65               $330.00                $25.35                   $3,359.65

2          (0.09×3,359.65)    (0.11×3000)          (330 - 302.37)   (3,359.65-27.63)

                $302.37               $330.00                $27.63                  $3,332.02

The bond carrying value is approximately $3,332

For insight into a government agency's understanding of the laws it administers, one should consult:

Answers

Answer:

The agency's interpretive rules.

Explanation:

An interpretive rule can be defined as a document issued by an agency so as to help expound or clarify existing administrative laws, regulations and statutes in the public domain.

Basically, an interpretive rule is not required to meet the minimum requirements or criteria specified by the Administrative Procedure Act (APA). Also, an interpretive rule is not considered as a force of law because it is not binding on the general public.

Hence, for insight into a government agency's understanding of the laws it administers, one should consult the agency's interpretive rules for an explanation on the law and regulations it promulgated,

A firm’s accounting cost, defined as actual cash payments for inputs equals:Group of answer choicesthe firm’s implicit cost.the firm’s explicit cost.the firm’s economic cost.the sum of the costs listed above.

Answers

Answer:

the firm’s economic cost

Explanation:

The accounting cost of the firm are considered as an explicit cost where the cost is to be incurred for running the business like production cost, lease payment, etc

Also it refers to the actual payment made in cash for the inputs i.e. equivalent to the economic cost of the firm

Hence the second last option is correct

The owner of the business where you work has asked for your advice on restructuring the organization. You know that customer service is the cornerstone of the company. What do you recommend

Answers

Answer:

Flatter structures are appropriate for organizations that empower employees to solve customer problems.

Explanation:

These are the options for the question below;

✓A taller structure will improve the speed at which decisions are implemented.

✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.

✓With a tall structure, supervisors can avoid hearing about customer complaints.

✓A flatter structure will further centralize decision making.

From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.

Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making

.

Why does the cost of capital constitute a direct link between return on capital expenditure and the returns required by capital investors

Answers

Answer:

The overview of the statement is summarized below.

Explanation:

The capital structure seems to be the ratio of net required by investors toward about there capital expenditure. Investment return capital spending seems to be the return rate required for expenditure. Returns required by financial institutions are much worse than the amount of capital, even before investors necessitate a reasonable level of profitability.

Are you personally liable for this bill, or is it only the corporation that is liable since you are a CEO and the incident happened during a business trip for the corporation

Answers

Complete Question:

Suppose you are the CEO of a corporation. After attending a business conference in Hawaii, you and some other CEOs you met at the conference decide to relax and unwind with a few drinks at the hotel bar. The hotel bar closes, so you and the other CEOs decide to go back to your room and continue the party. You proceed to raid the large whiskey collection in your minibar. Your memory becomes hazy at this point, but you wake up the next morning and find the hotel room is completely trashed. The hotel sends you a $50,000 bill for the damages. Are you personally liable for this bill, or is it only the corporation that is liable since you are a CEO and the incident happened during a business trip for the corporation?

Answer:

Based on the given scenario, the CEO is personally liable for the incident and the bill of $50,000 claimed as damages by the hotel.

Explanation:

The damages resulted from the CEO's indiscretion.  When properly checked, the accident happened as a result of the personal decision by the CEO to relax and unwind with other CEOs and to extend their partying outside the hotel bar.  This incident occurred after the main business for the business trip had been completed.  It is also an incident that should not have happened if caution was not thrown to the wind by the CEO.  Therefore, the CEO should personally bear the liability.

Sonia has $2,400 a month to spend on clothing and food. The price of clothing is $60 and the price of food is $10. The clothing and food pairs in Sonia's choice set include ________ units of clothing and ________ units of food. A) 40; 100 B) 30; 140 C) 20; 120 D) 0; 400

Answers

Answer:

C) 20; 120

Explanation:

The computation of the clothing and food pairs is shown below:

Total money spend = $2,400

= $60 × 20 + $10 × $120

= $1,200 + $1,200

= $2,400

if we take 20 units of clothing and 120 units of food so the total moeny spend would be $2,400

Therefore the third option is correct

briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to become an entrepreneur. Give reasons for your choices.

Answers

Answer:

An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.

Explanation:

Three characteristic of an entrepreneur:

Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.

Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.

Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.

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