Answer:
O'Hara Marine Co.
Depreciation Expense is:
$13,903
Explanation:
a) Data and Calculations:
sales = $75,500;
costs = $35,200;
addition to retained earnings = $9,580;
dividends paid = $8,420;
interest expense = $2,620;
tax rate = 23 percent
Net Income:
addition to retained earnings = $9,580;
dividends paid = $8,420
Total net income = $18,000
Pre-tax Income = $18,000/0.77 = $23,377
Income tax (23%) of $23,377 = $5,377
After Tax Income = $18,000 ($23,377 - 5,377)
Depreciation:
sales = $75,500
costs = $35,200
Gross profit = $40,300
Less interest (2,620)
Less net income (23,777)
Depreciation = $13,903
Answer:
selling expense
Explanation:
The cost which is charged to manufactured a product is known as product cost
Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost
In mathematically,
Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost
The indirect cost is also known as manufacturing overhead cost.
The cost which is charged to manufactured a product is known as product cost
Answer:
The first thing that we need to do in this question is find the total capital of the Group. They get their capital from three sources which are bonds, preferred stock and common stock. We need to find the capital provided by each of these 3 sources and add them up. After that we will see what ratio of capital is provided by preferred stock, and this ratio will be the weight of preferred stock as it related to the firms weighted average cost of capital.
Bonds
1000*980=980,000
Preferred stock = 9700*85= 824,500
Common stock= 43,000*80= 3,440,000
980,000+824,500+3,440,000= 5,244,500
Preferred weight = 824,500/5,244,500= 0.157 = 15.7%
The weight of preferred stock is 15.7%
Explanation:
Answer:
Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.
Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.
