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Alina [70]
3 years ago
7

Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a

tax rate of 35 percent. The firm paid out $23,400 in dividends. What is the addition to retained earnings
Business
1 answer:
CaHeK987 [17]3 years ago
6 0

Answer:

$34,645

Explanation:

Given that,

sales = $318,400

costs = $199,400

depreciation expense = $28,600

interest expense = $1,100

Tax rate = 35 percent

Dividends paid = $23,400

Profit before tax:

= Sales - cost - Depreciation - Interest

= $318,400 - $199,400 - $28,600 - $1,100

= $89,300

Profit after tax:

= Profit before tax (1 - Tax rate)

= $89,300 (1 - 0.35)

= $89,300 × 0.65

= $58,045

Therefore, the addition to retained earnings

= Profit after tax - Dividend paid

= $58,045 - $23,400

= $34,645

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Answer:

D. prove the ownership of a trademark in a court of law

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3 years ago
Drag the tiles to the correct boxes to complete the pairs. Match the profession to its description Tiles real estate broker tax
amid [387]

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4 0
3 years ago
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Bingel [31]

Answer:

C) Employees with certain supervisory duties

Explanation:

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1) The Board – have 5 members and their staff

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3) The Regional Offices- are located in large cities and are supervised by the General Counsel

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5 0
3 years ago
B2B markets differ from B2C markets because: Group of answer choices salespeople personally call on business customers to a far
yKpoI14uk [10]

Answer:

salespeople personally call on business customers to a far greater extent than they do consumers.

Explanation:

Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.

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6 0
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Harman [31]

Answer:

B. INTENTIONAL DISCRIMINATION

Explanation:

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