A card used to withdraw or deduct money from your checking account *

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

igor_vitrenko [27]

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:

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3 0

1 year ago

The premiums paid by the employer in a business life insurance policy are

Tema [17]

<span>A life or health insurance policy is owned by an employee, but the premiums are paid by the employer: o The premiums are treated as taxable income to the employee. o The employer may deduct the premiums against business income as long as the premiums are a reasonable business expense.</span>

3 0

3 years ago

If I was gonna be a business person what would I be and why?

Bezzdna [24]

Answer:

peter druker and write about him and the stuff he did write that he is the person u look up for

7 0

3 years ago

The supplies account has a trial balance of $3,226. a year-end inventory shows $1,752 worth of supplies left at the end of the y

Finger [1]

4,000 is the answer hope this helps

3 0

4 years ago

Marin Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction

sveticcg [70]

Answer:

Price of the bond is $2,605,941

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond.

According to given data

Face value of the bond is $3,021,900

Coupon payment = C = $3,021,900 x 10% = $302,190 annually = $151,095 semiannually

Number of periods = n = 15 years x 2 = 30 period

Market Rate = 12% annually = 6% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $151,095 x [ ( 1 - ( 1 + 6% )^-30 ) / 6% ] + [ 3,021,900 / ( 1 + 6% )^30 ]

Price of the Bond = $2,079,797.2 + $526,143.4 = $2,605,940.6

7 0

4 years ago