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OLga [1]
3 years ago
10

Papa Roach Exterminators, Inc., has sales of $644,000, costs of $345,000, depreciation expense of $54,000, interest expense of $

26,000, and a tax rate of 35 percent. If the firm paid out $71,000 in cash dividends. What is the addition to retained earnings
Business
1 answer:
IRINA_888 [86]3 years ago
8 0

Answer:

$71,350

Explanation:

We have the following income statement:

Sales                                $644,000

Costs                                ($345,000)

Depreciation expense    ($54,000)

Interest expense             ($26,000)

Taxable Income               $219,000

Tax rate                            35% ($76,650)

After tax income              $142,350

Dividends paid                ($71,000)

Retained earnings           $71,350

So, as we can see, the addition to retained earnings is $71,350

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sergiy2304 [10]

Answer:

1) It is a price floor which is binding as employeer cannot hire teenagers willing to work below 24 dollars per hour

2) it is a price celling and is biding as the current equilibrium price is 3.00 There will be shortage as demand will icnrease for the lower price but supply decrease as it is not as profitable

3) it is a price floor which is also binding as the equilibrium is at 3 dollars the supplier will have to increase price and sales volume will be lower as demand will drop

Explanation:

4 0
3 years ago
Barney bought a small retail business a month ago. He plans to advertise it with the help of billboards and flyers to attract cu
disa [49]

Answer:

The answer is A. non-operating expense

Explanation:

As he operates a retail shop, such advertising is vital to attract customers to the shops and to make potential sales. We can't treat this expenses as administration or production expenses.

We consider this as non operational because advertising is not an operational part of the operations of a retail business. Moreover, we can't consider it as selling expenses because they are mostly incurred during the sales process.

6 0
2 years ago
Brian is a manager at a clothing store. He spends most of his time in the store with his employees, making sure they work their
Sophie [7]

Answer:

First line manager

Explanation:

First line managers are the lowest forms of managers in an organizational structure. They are the managers that deals with employees directly. They operate their departments by assigning work to the employees and monitoring their actions. In this case, the activities of Brian which included making sure they work their scheduled hours, watching them interact with customers and so on indicates that he is a First-Level Manager.

8 0
2 years ago
Both power distance and femininity are negatively related to the Environmental Sustainability Index.
cricket20 [7]

Both power distance and femininity are negatively related to the Environmental Sustainability Index. False

<h3>What is Environmental Sustainability?</h3>

Environmental sustainability is described as appropriate contact with the environment that promotes long-term environmental quality while preventing resource depletion or degradation. Environmental sustainability is a method that makes it possible to meet the requirements of the current generation without endangering the ability of future generations to do the same.

The power of the natural environment to renew itself and maintain its viability is really amazing when viewed in that light. For instance, when a tree falls, its decomposition enriches the earth with nutrients. These nutrients provide the right environment so that subsequent saplings can thrive.

Nature has a great capacity to take care of itself when left alone.

To learn more about Environmental Sustainability from the given link:

brainly.com/question/25965560

#SPJ4

8 0
1 year ago
Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant
lapo4ka [179]

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

3 0
2 years ago
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