1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotykmax [81]
1 year ago
14

upton industries has revenues of $42,629, interest expense of $1,230, depreciation of $2,609, cost of goods sold of $23,704, div

idends paid of $1,200, and administrative expenses of $7,040. assume the tax rate is 22 percent. what is the addition to retained earnings? a) $5,075.88 b) $4,630.19 c) $3,766.67 d) $4,903.18 e) $5,230.04 group of answer choices
Business
1 answer:
igor_vitrenko [27]1 year ago
3 0

Option a) $5075.88 is the addition to the retained earnings

Current profits less any dividends or other payouts to shareholders are a company's retained earnings. Every time an accounting entry is made that has an effect on a revenue or expense account, this sum is modified. A sizable retained profits balance suggests that the corporation is in a secure financial position.

Computing after-tax profit:

(Revenues - Interest cost - Depreciation - Cost of goods sold - Administrative costs) x ( 1 - tax)

= ($42629 - $1,230 - $2,609 - $23,704 - $7,040) x ( 1 - 22%)

= $6,275.88

Retained earnings addition:

= After-tax net profit - Dividends paid

= 6,275.88 - 1,200

= $5,075.88

Hence, option a) is the correct answer

Learn more about retained earnings:

brainly.com/question/14529006

#SPJ4

You might be interested in
What is The key to successful training and development programs?
yawa3891 [41]

Begin by conducting a needs assessment. Be able to tie the need for training to the organization's goal. Provide effective communications to ensure employees understand the value of taking time to attend the program.

Hope this helps! :)

6 0
3 years ago
5. ________ is a short-term security, or note, containing a borrower's promise to pay O A trade draft O Equity financing O Comme
erastovalidia [21]

Answer:

Commerical paper

Explanation:

Commerical paper is a short-term security, or note, containing a borrower's promise to pay.

There was a previous question like that, so i remember the answer.

~<u>rere</u>

5 0
1 year ago
Read 2 more answers
Which is not a part of your budget?
rewona [7]

Answer:

d.) discretionary expenses

Explanation:

We can explain going further into what is each item.

<u>A and B are your income </u>(for this question don’t sweat about the difference between gross and realized). They will constitute all the money you have in that period (the period will depend on the regularity of your income, it could be weekly, monthly, etc.).

Your fixed expenses are the things you will expend money on which, no matter what happens, will not change (it could be your rent, tax, health insurance, etc.).

Discretionary expenses, however, are costs that are things that you WANT, not NEED. It could go anywhere from a new shoe to a new boat (if you´re feeling rich, that is lol). That kind of expense will impact your available money (hey, nothing is free) but is not part of your budget as it is not a planned cost.

However, is important to note that if you wanna be super Monica Geller with your money you should forecast your discretionary expenses. Using your history as a base for calculating will eliminate most of the margin error.  

4 0
3 years ago
you are a trust fund baby, but you cannot touch your money until you are 30. you are now 21 and want to plan for your future bas
meriva

Answer:

Explanation:

30 - 21 = 9 years

r = 3% inflation

FV = 25,000

We know that FV = PV(1+r)^n

25,000 = PV(1+0.03)^9

PV = 25,000/ 1.3047731

PV = 19,160.42, this is how much it worth today

6 0
3 years ago
You are a senior manager at a U.S. automobile company investing in production facilities in China, Russia, or Germany. These fac
Dvinal [7]

Answer:

In general, China, Russia and Germany are three big countries; the automobile company will get benefits if it chooses any of the three countries, but it also faces some challenges. It is well known in Germany that the automobile industry is very powerful. If the company chooses to invest in Germany, it will face numerous competitors. Also, in Russia, the trade barriers will be obstacles for the entry of the automobile company. However, with China's low cost labor and large potential domestic market make it an attractive destination for the direct foreign investment.

Explanation:

4 0
3 years ago
Other questions:
  • Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an
    14·2 answers
  • Which of the following is a multiple meaning word? A) Greed , B) turtle , C) Monitor , D) health
    14·2 answers
  • A certain office supply store stocks 2 sizes of self-stick notepads, each in 4 colors: Blue, Green, Yellow Or Pink. The store pa
    12·1 answer
  • On January 1 of the current year, Tell Co. leased equipment from Swill Co. under a 9-year sales-type (finance) lease. The equipm
    14·1 answer
  • Operating a cash register is a _________ skill. (soft skill or hard skill)​
    13·1 answer
  • On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5
    9·1 answer
  • Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.6 Return on assets (ROA) 3% Re
    9·1 answer
  • A bond issue with a face amount of $400,000 bears interest at the rate of 8%. The current market rate of interest is 9%. These b
    5·1 answer
  • What does Peter Drucker believe is needed to correct unethical behavior in business?
    11·1 answer
  • A loan in which a parent deposits money with a host-country bank, which then lends the money to a subsidiary located in the host
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!