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
kotegsom [21]
3 years ago
10

Sidewinder, Inc., has sales of $686,723, costs of $335,000, depreciation expense of $80,000, interest expense of $45,000, and a

tax rate of 22 percent. The firm paid out $81,093 in cash dividends. What is the addition to retained earnings
Business
1 answer:
algol133 years ago
8 0

Answer:

The addition to retained earnings is $95,751.

Explanation:

Addition to the retained earning is the net value of net earning of the year and dividend payment.

Net income

Sales                                                $686,723

Costs                                               (<u>$335,000)</u>

Gross income                                  $351,723

Depreciation Expense                   <u>($80,000)</u>

Income before interest and tax     $271,723

Interest Expense                            <u>($45,000)</u>

Income before tax                           $226,723

Tax 22%                                          <u>($49,879)</u>

Net Income                                      <u>$176,844</u>

Addition to Retained Earning = Net Income - Dividend Payment

Addition to Retained Earning = $176,844 - $81,093

Addition to Retained Earning = $95,751

You might be interested in
Food Well Inc. is an organization that operates several companies that market bulk food products, restaurant equipment, and disp
Nikolay [14]

Food Well is pursuing a Focus differentiation strategy.

<h3>What is Focus differentiation?</h3>

This is known to be a method  used in competitive advantage where a firm tries to outperform its rivals through the act of offering a product that is seen by consumers to be superior to that of competitors even if its price is higher.

It is known to be used in adopting a differentiation focus strategy. Here, the firm is based on narrow market coverage, and others.

Learn more about strategy from

brainly.com/question/9134427

3 0
2 years ago
If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________
Neko [114]

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

#SPJ4

7 0
2 years ago
What is likely to happen if a borrower is late on a payment for a credit card account?
liraira [26]
I would say that the last answer is the most likely to occur
6 0
3 years ago
Read 2 more answers
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
adoni [48]

Answer:

Production 830,000

Explanation:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

- FG(units)

Beginning 31,000

Ending 81,000

Sales 780,000

Production 830,000

<em>sales + ending - beginning = production</em>

<em />

We are asked for the finished good units to produce.

The raw materials are irrelevant in this question.

4 0
3 years ago
What is the first account number used in the breneman
Kazeer [188]
Either c or d idk man
3 0
3 years ago
Read 2 more answers
Other questions:
  • Joe reconciles his checking account check register to the penny every month with the bank’s statement. After accurately recordin
    15·1 answer
  • Why does a diverse and inclusive workforce benefit a firm supporting a global market?
    15·1 answer
  • Failure to prepare an adjusting entry at the end of a period to record an accrued revenue would cause:A)net income to be oversta
    8·1 answer
  • Suppose that Paolo, an economist from an AM talk radio program, and Sharon, an economist from a public television program, are a
    6·1 answer
  • Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 unit
    10·1 answer
  • How much money should a couple who makes $54,000 a year have in their beginner emergency fund if they have a $3,000 credit card
    10·1 answer
  • Which of the following motivating forces have the strongest performance effect? Group of answer choices difficult goals high lev
    7·1 answer
  • g What is the bond equivalent yield of a bond if it has 100 days to maturity, a par value of $10,000, and is currently trading a
    9·1 answer
  • While writing a formula, what are some ways to insert a cell reference into the formula? Check all that apply
    12·2 answers
  • An oligopoly firm is similar to a monopolistically competitive firm in that A) both firms face the prisoner's dilemma. B) both o
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!