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VARVARA [1.3K]
3 years ago
9

Last year, Bad Tattoo Co. had additions to retained earnings of $4,865 on sales of $95,805. The company had costs of $75,885, di

vidends of $3,040, and interest expense of $2,120. If the tax rate was 35 percent, what the depreciation expense
Business
1 answer:
Dahasolnce [82]3 years ago
6 0

Answer:

The depreciation expense is $5638.46 and the Addition to retained earnings is 4865

Explanation:

Solution

Given that:

Sales  = $95805

Less: Costs = $75885

Less depreciation expense ($95805 - $75,885 - 14281.54) = $5638.46

EBIT (12161.54 + 2120) = 14281.54

Less: Interest expense =2120

EBT (100%)(7905/0.65) = 12161.54

Less: tax at 35%(12161.54*35%) =4256.54

The Net income(65%) = 7905

The Less:dividends = 3040

Addition to retained earnings =4865

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Answer:

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Slander of title occurs when someone publishes an untrue and disparaging statement about another person’s real property -- meaning a home, building, or parcel of land -- and the statement could have a negative impact on the property's value.

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3 years ago
Which of the following scenarios makes Tim liable for undue influence? a. He uses a false identity, borrows $10,000 from Kelly,
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Explanation:

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3 years ago
What is the interest rate for initial investment of $100,000 to grow $300,000 in 10 years
dybincka [34]

Answer:

r=20% or 0.2 %

Calculation:

Solving equation:

r = (1/10)((300000/100000) - 1) = 0.2

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3 years ago
Read 2 more answers
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