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
Alexandra [31]
3 years ago
10

Pharrell, Inc., has sales of $589,000, costs of $269,000, depreciation expense of $69,000, interest expense of $36,000, and a ta

x rate of 35 percent. The firm paid out $38,000 in cash dividends. What is the addition to retained earnings?
Business
1 answer:
NeX [460]3 years ago
7 0

Answer:

$101,750

Explanation:

Pharell incorporation has a sales of $589,000

The cost is $269,000

The depreciation expense is $69,000

The interest expense is $36,000

The tax rate is 35 percent

The cash dividend paid out is $38,000

Therefore the additional retained earnings can be calculated as follows

= $589,000-$269,000-$69,000-$36,000

= $215,000

$215,000 × 35/100

$215,000 × 0.35

= $75,250

$215,000-$75,250-$38,000

= $101,750

Hence the additional retained earnings is $101,750

You might be interested in
Which of the following statements is CORRECT? If Disney issues additional shares of common stock through an investment banker, t
nata0808 [166]

Answer:

The answer is: As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Money market transactions involve financial instruments with high liquidity and short-term maturities. Usually the securities have a one year or less maturity date.

A few examples of commonly traded securities are:

  • Banker’s Acceptance
  • Treasury Bills
  • Repurchase Agreements
  • Certificate of Deposits  
  • Commercial Papers
8 0
3 years ago
What are three things not to do while driving and three things to do while driving?
Verdich [7]
Do not do

text, drink, speed

do

watch road, hands on wheel, be safe
6 0
3 years ago
Read 2 more answers
During step 3 of activity-based costing, activity overhead cost pool rates are used to assign overhead costs to final cost objec
netineya [11]

Answer:

HEY

Explanation:

6 0
3 years ago
The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of
wariber [46]

The Catch-up  notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics . According to the catch-up effect idea, which is based on the finding that less developed economies grew more quickly than wealthier nations, all economies would eventually converge in terms of per capita income.

Or, to put it another way, the less developed economies will figuratively "catch-up" to the stronger ones. The theory of convergence is another name for the catch-up effect. The Opening up their economics to free trade and building  the social capacities.

To learn more about Catch-up, click here.

brainly.com/question/14895090

#SPJ4

8 0
2 years ago
According to maslow, employees motivated by a strong need for recognition and continuously seek credit for contributions to the
Viefleur [7K]
<span>The answer to this question is letter C.
According to Maslow, employees motivated by a strong need for recognition and continuously seek credit for contributions to the organization, are motivated by Esteem category of needs.
</span>=> physiological needs are describes as the most basic human physical needs, including food, water and oxygen.
=>belongingness category of need is when there is a  desire to be accepted by one's peer, have friendships, be part of a group, and be loved.<span>
=></span><span>self-actualization is considered as the highest order of needs.</span>
8 0
3 years ago
Other questions:
  • As a graphic artist, nate has just finished producing a new calendar. his calendar cost him $1.00 for the shiny paper, $2.00 for
    14·1 answer
  • The gains from trade are Group of answer choices a. evident in economic models, but seldom observed in the real world. b. eviden
    6·1 answer
  • The current price of xyz stock is $50.00. dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
    11·1 answer
  • Refer to Gina Robinson, Inc. As the employees form teams at GRI, they should know that each person's role withinthe group starts
    6·1 answer
  • Upton Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products usin
    11·1 answer
  • What are the differences between the​ long-run equilibrium of a perfectly competitive firm and the​ long-run equilibrium of a mo
    12·1 answer
  • Jackie has one risk-free asset and one risky stock in her portfolio. The risk-free has an expected return of 3.2 percent. The ri
    5·1 answer
  • If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for th
    7·1 answer
  • Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
    7·2 answers
  • How do employee benefits relate to disposable income
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!