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liberstina [14]
3 years ago
12

Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a

tax rate of 21 percent. The firm paid out $68,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Business
1 answer:
OlgaM077 [116]3 years ago
7 0

Answer:

$86,050

Explanation:

Data provided in the question:

Sales = $634,000

Costs = $328,000

Depreciation expense = $73,000

Interest expense = $38,000

Tax rate = 21 percent

Dividends paid = $68,000

Now,

EBIT = Sales - Cost - Depreciation

= $634,000 - $328,000 - $73,000

= $233,000

EBT = EBIT - Interest

= $233,000 -  $38,000

= $195,000

Net income = EBT - Tax

= $195,000 - (0.21 × $195,000)

= $195,000 - $40,950

= $154,050

Addition to retained earnings = Net income - Dividends

= $154,050 - $68,000

= $86,050

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Answer:

If RUS > RUK, then E < F ( C )

Explanation:

RUS = annual risk free rate in united states

RUK = annual risk free rate in United kingdom

F = futures price of $/BP  for 1 year

E = spot exchange rate for $/BP

To get a higher the future price

this conditions must be met

The annual risk free rate of the united states must be higher than the annual risk free rate of the united kingdom. if this condition is met then the the British pound will have a forward premium ( F ) > ( E )

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3 years ago
More recent work in the area of strategic management regarding assertions about being stuck in the middle:_________.
ikadub [295]

Answer:

<em>B) contradicts the argument and finds that firms that successfully pursue cost leadership and product differentiation simultaneously can often expect to gain a sustained competitive advantage.</em>

7 0
2 years ago
Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes
Nina [5.8K]

Answer:a.Total manufacturing costs for Job 313 =$52,500

Unit Product Cost for Job 313=$30

Explanation:

Total manufacturing costs=Direct materials+Direct labor costs+Overhead costs

But Overhead cost =115% of direct labor cost

= 115% x $10,600

=$12,190

Total manufacturing costs =$29,710 + $10,600+$12,190

=$52,500

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8 0
2 years ago
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, th
alukav5142 [94]

Answer:

A. 4; 3.83 units per hour

B. Increases by 4.44%.

Explanation:

Given that,

Current period:

Output = 160 units

Input = 40 hours

Previous period:

Output = 138 units

Input = 36 hours

A. Current period productivity:

= Current period output ÷ Current period input

= 160 units ÷ 40 hours

= 4 units per hour

Previous period productivity:

= Previous period output ÷ Previous period input

= 138 units ÷ 36 hours

= 3.83 units per hour

B. Percentage change in worker's productivity:

= [(change in productivity) ÷ Previous period productivity] × 100

= [(4 - 3.83) ÷ 3.83] × 100

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= 0.0444 × 100

= 4.44%

Therefore, the worker's productivity increases by 4.44%.

3 0
3 years ago
6. Which of the following statements is NOT an element of a well-designed Service System?a. It is consistent with the operating
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Answer:

e. It effectively separates the back office and the front office so each can focus on their own tasks in order to optimize their departmental performance.

Explanation:

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2 years ago
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