Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
OlgaM077 [116]
Answer:
$86,050
Explanation:
Data provided in the question:
Sales = $634,000
Costs = $328,000
Depreciation expense = $73,000
Interest expense = $38,000
Tax rate = 21 percent
Dividends paid = $68,000
Now,
EBIT = Sales - Cost - Depreciation
= $634,000 - $328,000 - $73,000
= $233,000
EBT = EBIT - Interest
= $233,000 - $38,000
= $195,000
Net income = EBT - Tax
= $195,000 - (0.21 × $195,000)
= $195,000 - $40,950
= $154,050
Addition to retained earnings = Net income - Dividends
= $154,050 - $68,000
= $86,050
The compensation that can be provided to the employer over and above employee's income could be an Insurance payment or accumulated Tax refund.
<h3>What is Insurance?</h3>
Insurance is a financial plan that promises to mitigate any loss suffers.
<h3>What is
Tax refund?</h3>
A tax refund entails money return to an organization if they pay more tax than they should.
In conclusion, the compensation that can be provided to the employer over and above employee's income could be an Insurance payment or accumulated Tax refund.
Read more about compensation
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<span>giving out an insurance contract
Such contract when issued are represented and controlled by the Florida Insurance Policy Code. These agreements must have certain arrangements in them as required by Florida law. The standard procedure when an insurance contract will be issue should have the following items: the agreement clause,grace period,secondary notice,misstatement of age, strategy loan,reinstatement, intrigue payable on death assert</span>
Answer: True
Explanation:
Tax is the amount of money that's paid by an individual or firm to the government. Subsidies are the funds or other forms of assistance that's given by the government to firms in order to help them increase their production and lower the prices of goods.
Fir example, if the government wants to decrease consumption in the economy, the government can increase tax. On the other hand, the government can increase consumption by reducing tax as people will have money to spend and also more money for production purpose.
