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Advocard [28]
3 years ago
8

Hayes Bakery has sales of $30,600, costs of $15,350, an addition to retained earnings of $4,221, dividends paid of $469, interes

t expense of $1,300, and a tax rate of 21 percent. What is the amount of the depreciation expense
Business
1 answer:
scZoUnD [109]3 years ago
8 0

Answer:

$8,013

Explanation:

The computation of the amount of the depreciation expense is shown below:

The net income is

= An addition to retained earnings + cash dividend paid

= $4,221 + $469

= $4,690

Now the earning before tax

= (Net income) ÷ (1 - tax rate)

= ($4,690) ÷(1 - 0.21)

= $5,937

Now the earning before tax and interest is

= $5,937 + $1,300

= $7,237

So, the depreciation expense is

= $30,600 - $15,350 - $7,237

= $8,013

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From my understanding its D as aggregate deals with atlarge

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PlastiPharm has several clients whose contracts require the company to store three to six months of raw materials for them just
ANTONII [103]

The reason why PlastiPharm should care about excess inventory is:

  • It can lead to the degradation of the raw materials

<h3>What is Excess Inventory?</h3>

This refers to the situation where there is a product that is yet to be sold due to the excess estimated demand for the product which leads to the overstock of the product.

With this in mind, we can see that PlastiPharm should be worried about the excess inventory because it can lead to the degradation of the raw materials as they are overstocked.


Read more about excess inventory here:
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7 0
2 years ago
Organizational performance is most likely to Group of answer choices increase with an increase in efficiency and effectiveness.
kobusy [5.1K]

Answer:

increase with an increase in efficiency and effectiveness.

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment.

In Business management, the five (5) main organizational features which are capable of changing the direction of a company or business firm are classified as;

I. Culture.

II. Processes.

III. Politics.

IV. Environmental.

V. Structure.

Generally, it is expected that managers understand how the aforementioned organizational features can influence their business so as to build and use informations systems (IS) to drive the business successfully.

Hence, organizational performance in a company or business firm is most likely to increase with an increase in efficiency and effectiveness, especially in the areas of services to customers.

5 0
3 years ago
What is the beta of msft? [hint: look under "key statistics"]. if the risk-free rate (rf) is 5% and the market risk premium e[rm
pshichka [43]
<span>Answer: The beta of MSFT is 1.05. The security market line of the CAPM tells us that the required rate of return is given by: E [ R MSFT ] = R f + β MSFT ( E [ R M - R f ]) = . 04 + 1 . 05 × . 06 = 10 . 3%</span>
6 0
3 years ago
Tonto Company purchased property for $140,000. The property included a building, equipment and land. The building was appraised
kirill [66]
<h3>Amount of cost to the building is $69,645 </h3>

Explanation:

The total property value of Tonto Company = $140,000.

The total property (building, equipment and land) value of Tonto Company = $140,000.

The building was appraised at $98,000,  

The land was appraised at $63,000  

The equipment was appraised at $36,000.

  • The total current value of the 3 assets = $98,000 + $63,000 + $36,000
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Amount of cost to the building = $69,645

6 0
3 years ago
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