Question

MNM & Co incurred depreciation expenses of $36,810 last year. The sales were $903,480 and the addition to retained earnings was $11,530. The firm paid interest of $7,711 and dividends of $7,500. The tax rate was 33 percent. What was the amount of the costs incurred by the company?

Answer 1

Answer:

The costs incurred by the company is the same as the costs of good sold  of the company-MNM&Co ,last year.

The costs of good sold=$830,556.01

Explanation:

The detailed computation is found in the excel file attached.

Download xlsx