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Strike441 [17]
3 years ago
10

A company has sales of $729,000, costs of $355,000, depreciation expense of $50,000, interest expense of $28,000, and a tax rate

of 35 percent. If the firm paid out $71,000 in cash dividends. Net Income was $192,400. What is the addition to retained earnings?
Business
1 answer:
Anarel [89]3 years ago
3 0

Answer:

The addition to retained earnings is $121,400.

Explanation:

Net Income = $192,400

Dividend = $71,000

use Following formula to calculate the addition to retained earning

Addition to Retained Earning = Net Income - Dividend paid

Addition to Retained Earning = $192,400 - $71,000

Addition to Retained Earning = $121,400

So, the addition to retained earnings is $121,400

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kow [346]

According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.

<h3>What is motivation ?</h3>

Motivation is something that  help  to increase a worker or an employee  performance and  productivity.

For a goals which a company what to accomplish to enhance motivation  such goals must depend on the feedback received.

Therefore the correct option  is B.

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4 0
2 years ago
This area offers the broadest possible range of job options:
RSB [31]
 probably New York i think so

4 0
3 years ago
A company is trying to decide which service to subscribe to that will provide datasets containing demographic data on consumers.
poizon [28]

Answer:

The correct answer is Acxiom, Experian, Media Audit.

Explanation:

Demographics are general information about groups of people. Depending on the purpose, the data may include attributes such as age, sex and place of residence, as well as social characteristics such as occupation, family situation or income. In web analytics and online marketing, demographics are used to provide a deeper insight into a website's target audience or to create the so-called people. Demographic data is used primarily for the strategic use of tailoring offerings to the respective target group and can also be used as the basis for business analysis and performance reporting.

6 0
3 years ago
Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record
Korolek [52]

Answer:

c. Credit to common stock.

Explanation:

Usually it's the credit to common stock in an amount equal to the par times stocks issued with the rest credited to Paid-in capital in excess of par.

4 0
3 years ago
Grouper Excavating Inc. is purchasing a bulldozer. The equipment has a price of $95,300. The manufacturer has offered a payment
ICE Princess25 [194]

Answer:

A total interest $37,246.54

B  It will pay $18,304.50 dollar per year

<em>It is better to use the boan borrowing as the installment per year is lower.</em>

Explanation:

A installment times time less principal = total interest

18,935.22 x 7 - 95,300 = 37,246.54

B calcualte the installment of the bank offer:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 95,300.00

time 7

rate 0.08

95300 \div \frac{1-(1+0.08)^{-7} }{0.08} = C\\

C  $ 18,304.500

<u>As it is lower than manufactures quota it should be accepted </u>

6 0
3 years ago
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