You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0
00; Addition to retained earnings = $30,000; Dividends paid to preferred and common stockholders = $300,000; Interest expense = $50,000. The firm's tax rate is 40 percent. What is the depreciation expense for Nicole's Neckties Corp.?
The National Operations Center serves as the principal operations center for the Department of Homeland Security which
provide decision support and enable the Secretary’s execution of obligations across the homeland security enterprise by promoting situational awareness and share information.
<span>The correct answer is C. Retail and communications
firms are on the decline.</span>
With technology becoming easily accessible to all
people in all walks of life, consumers are finding it easier to do everything
with their mobiles and computers. Communicating is as easy as sending a chat
message and buying items online is definitely more appealing that spending time
in a physical shop.