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
kogti [31]
3 years ago
14

Last year, The Pizza Joint added $6,230 to retained earnings from sales of $104,650. The company had costs of $87,300, dividends

of $2,500, and interest paid of $1,620. Given a tax rate of 34 percent, what was the amount of the depreciation expense
Business
1 answer:
Dmitrij [34]3 years ago
7 0

Answer:

$2,503 = Depreciation Expense

Explanation:

Net profit = $6,230 that is amount added to retained earnings.

Net profit = Sales - Cost - Depreciation - Interest - Taxes - Dividends

Sales = $104,650

Costs = $87,300

Interest = $1,620

Earnings before depreciation and taxes = $104,650 - $87,300 - $1,620 =  $15,730

Earnings after interest depreciation and taxes = $6,230 + $2,500 = Net profit + Dividend = $8,730

Therefore

(15,730 - Depreciation) - (15,730 - Depreciation) \times 34% = $8,730

$15,730 - Depreciation - ($5,348 - 0.34 Dep) = $8,730

$10,382 - 0.66 Depreciation = $8,730

$1,652 = 0.66 Depreciation

$2,503 = Depreciation Expense

You might be interested in
Often, it is difficult to name a home country for a(n) ________ business
velikii [3]
Small business is difficult in the economy because its self made

8 0
3 years ago
Oliver wrote a short proposal at his supervisors request. his supervisor often works outside of the office. what is the best way
Anarel [89]
The answer would be attaching it to an email. Email enables you to connect finish documents for rapid conveyance anyplace on the planet. Documents can be photos, music, letters, content, spreadsheets or some other perceived configuration. We say "nearly" in light of the fact that most email frameworks won't let you join Microsoft Access database documents without first taking some prudent steps. That is on account of Access records have turned out to be a standout amongst the best routes for programmers to enter sites.
8 0
2 years ago
Read 2 more answers
A Rhode Island company produces communion wafers for churches around the country and the world. The little company produces a lo
Furkat [3]

Answer:

80,640 wafers

Explanation:

Calculation to determine How many wafers does the cooling tube hold on average when in production

Using this formula

I = R x T

Where,

R = 112 wafers per second x 60

R = 6720 wafers per minute

T = 12 minutes

Let compute for I using the formula aboi

I = 6720 x 12

I = 80,640 wafers

Therefore How many wafers does the cooling tube hold on average when in production are 80,640 wafers

6 0
3 years ago
Which of the following best describes marketing mix? It is the blend of marketing strategies for product, price, distribution, a
aniked [119]

Answer:

It is the blend of marketing strategies for product, price, distribution, and promotion

Explanation:

Marketing mix describes strategies used by a company to promote its brand or product. A marketing mix is made up of Price, Product, Promotion and Place.

8 0
3 years ago
Levitt promoted the idea that the success of companies like McDonald's and Coca-Cola that sell essentially the same products eve
Ksivusya [100]

Answer:

Globalization of markets and brands

Correct option A

Explanation:

Globalization has enabled firms to specialize and to increase the intensity of R&D, innovation and capital in their output.

Globalization has made it easier for new companies to start competing with old companies.

Globalization has made companies to increased the number of people that it employs, both through exports and imports.

4 0
3 years ago
Other questions:
  • How did industrialization encourage the growth of public education
    5·2 answers
  • Which of the following is done during the systems analysis stage of application development?
    11·1 answer
  • Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's
    11·1 answer
  • If Wesley Corporation has 80,000 shares of common stock authorized. 50,000 shares of common stock issued, and holds 12,000 share
    10·1 answer
  • Classify each of the following as a(n) Operating Activity, Investing Activity, or Financing Activity. 1. Issuance of bonds. sele
    15·1 answer
  • PLZ HELP
    5·2 answers
  • A $15 cash payment is made to Starbucks to purchase coffee for a business client, a $64 cash payment is made for supplies purcha
    12·1 answer
  • Differentiate between manufacturer and Cunsumer​
    13·1 answer
  • Which statement best describes how the Fed responds to recessions?
    12·1 answer
  • in what aspect of equipment management will an emt be involved when working toward​ high-quality care?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!