Answer:
Since the answer requires construction of a proforma income statement, please refer to the explanation section for the answer
Explanation:
The proforma invoice has been provided below. Sales have been increased by 18%. The question states that costs vary with sales therefore, the costs are kept at the same percentage of sales in the proforma. Costs as a percentage of sales in the question come out to 82%. Taxable income is Sales less Costs. Taxes are 22% of taxable income. Dividend payout ration is calculated by dividends paid divided by total income available to shareholders. Total income available to shareholders includes Net Income PLUS non cash charges (depreciation) MINUS Non Cash Sales. With the information given in the question, it is assumed that non cash charges and non cash sales are zero so the only income available to shareholders is the net income. Dividend payout in the question comes out to 35%.
Sales 57,820.00
Costs 47,554.00
Taxable Income 10,266.00
Taxes 2,258.52
Net Income 8,007.48
Dividend = Dividend payout ratio x Net Income: 0.35 x 8,007.48
So, Dividends = 2,832.00
Addition in Retained earnings = Net Income - Dividend = 8,007.48 - 2,832
So, Addition in Retained earnings = 5,175.48
I would go with B
They most certainly have not eliminated hunger and does not have an international armed force.
You should put the following words in the blank: Role conflicts. Sorry for the 20 minute wait.
Answer:
The correct answer is (C)
Explanation:
Medical records do not come under the federal privacy act. A patient or a guardian can file a proper request for medical records and after proper identification medical records are released. The request should be a written application or signed by the patient himself. Congress, sec stock trading and FBI investigation are all exempted from federal privacy act.
