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
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

You might be interested in
A finance company agrees to loan money to a buyer for a new washer and dryer. What is this an example of?
kirill115 [55]

The correct answer is: B. The finance company is extending credit to a buyer.By agreeing to loan money to a buyer, the finance company is extending credit to a buyer. Once credit is extended to the buyer and if the buyer uses the credit to buy the washer and dryer, the money borrowed then becomes a debt. The finance company may be saving the buyer money, but that cannot be determined from the example. I got this right in U.S.A Test Prep hope this helps! :) <u>[plz reward brainlyiest <3]</u>

5 0
2 years ago
Read 2 more answers
One of the examples given by Agnew and Brezina as a way to reduce crime by reducing situational strains is to:
Len [333]

Answer:

Reduce the amount of media violence.

Explanation:

Reducing crime reducing situational stains is the method to minimize the impact of crime and being it public. Media is the most effective way which reports details of crime very quickly. Agnew and  Brezina had tried to reduce the impact of crime and avoid distribution of details to public about the reported crime to reduce situational stains.

7 0
2 years ago
Innovators are a critical group of new product adopters because they:
LenKa [72]
What are asking I am confused
7 0
2 years ago
A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty
Leni [432]

A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a <u>surface of hydrocarbons</u><u>.</u>

<h3>What is a hydrogen bonding?</h3>

It refers to the interaction involving a hydrogen atom located between a pair of other atoms having a high affinity for electrons, such bond are weaker than an ionic bond or covalent bond but stronger than van der Waals forces.

They can exist between atoms in different molecules or in parts of the same molecule. One atom of the pair such as a fluorine, nitrogen or oxygen atom, is covalently bonded to a hydrogen atom whose electrons it shares unequally.

Read more about hydrogen bonding

brainly.com/question/12798212

#SPJ1

4 0
2 years ago
You are to receive the following payments at the end of the following periods:
dangina [55]

Answer: $12,113.14

Explanation:

Find out the future value of each payment 20 years from now then sum up the values.

Year 1:

= 250 * ( 1 + 15%)¹⁹

= $3,557.94

Year 2:

= 300 * ( 1 + 15%)¹⁸

= $3,712.636

Year 3:

= 450 * ( 1 + 15%)¹⁷

= $4,842.5688

Future value of all:

= 3,557.94 + 3,712.636 + 4,842.5688

= $12,113.14

4 0
2 years ago
Other questions:
  • Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
    15·1 answer
  • Barat owns a large chain of Indian markets. A significant part of his job is determining the amount of income left after taxes a
    10·1 answer
  • In the Solow model, in the absence of any shock, the capital stock remains at some level forever. This rest point is called the
    10·1 answer
  • Money is a productive asset. Its opportunity cost is:
    5·1 answer
  • Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income statement for January 2018
    13·1 answer
  • A wealthy art collector has decided to endow her favorite art museum by establishing funds for an endowment which would provide
    5·1 answer
  • The U.S. Treasury maintains accounts at commercial banks. What would be the consequences for the money supply if the Treasury sh
    12·1 answer
  • Help ASAP please !!!!!!
    8·1 answer
  • What is the difference between product value and unique selling proposition?​
    12·1 answer
  • Which of the following would be an example of a WANT?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!