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Galina-37 [17]
3 years ago
10

Hayes Bakery has sales of $30,600,costs of $15,350 an addition to retained earnings of $4221, dividends paid of $469, interest e

xpense of $1,300, and a tax rate of 21 percent. what is the amount of the depreciation expense? (show the process)
a. $4,820.13

b. $5,500.89

c. $8013.29

d. $8,180.01

e. $9,500.00
Business
1 answer:
rodikova [14]3 years ago
3 0

Answer:

c. $8013.29

Explanation:

The retained earnings is the accumulated net earnings/losses over the period of existence of an entity. This is usually posted to the retained earnings accounted for as part of owners equity on the face of the balance sheet net the dividend paid.

The net income is the difference between the sales and all expenses including depreciation.

Let the depreciation be d

Net income = retained earnings + dividend

= $4221 + $469

= $4,690

$4,690 = 0.79 ($30,600 - $15,350 - $1,300 - d)

The 0.79 being the net of the tax which is the 21% applied on the net of sales and expenses.

d = $13,950  - $5,936.71

d = $8,013.29

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Choose one of the scenarios below and write a three-paragraph essay describing its effect on prices for food, housing, and oil.
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3 years ago
The "swish" design for Nike is a _[blank]_.
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brand mark, it is one of the most well known brand marks

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3 years ago
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____________________An asset that lacks this attribute may take a long time to sell or be collected (so that it can be converted
g100num [7]

Answer:

Liquidity

Explanation:

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4 0
3 years ago
A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost TTT, in dol
andriy [413]

Answer: 2,200 units.

Explanation:

The complete exercise is:

T = 5c + 12 f

A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost T, in dollars, for shipping c units to the closer location and shipping f units to the farther location. If the total shipping cost was $47,000 and 3,000 units were shipped to the farther location, how many units were shipped to the closer location?

Given the following equation:

T = 5c + 12 f

You know that "T" is the total shipping cost (in dollars), "c" is the number of units shipped to the closer location and "f" is the number of units shipped to the farther location.

Based on the information given in the exercise, you can identify that, in this case:

T=47,000\\\\f=3,000

Then, knowing those values, you need to substitute them into the given equation:

47,000 = 5c + 12(3,000)

And finally, you must solve for "c" in order to calculate the number of units that  were shipped to the closer location.

You get that this is:

47,000 = 5c + 12(3,000)\\\\47,000-36,000 = 5c\\\\11,000=5c\\\\\frac{11,000}{5}\\\\c=2,200

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3 years ago
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