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3 years ago

Consider the following income statement for the Heir Jordan Corporation:

Business

1 answer:

vivado [14]3 years ago

5 0

Answer:

HEIR JORDAN CORPORATION

The projected addition to retained earnings is $5,743.

Explanation:

a) Data and Calculations:

HEIR JORDAN CORPORATION

Income Statement Current Year Projected

Sales $ 49,000 $58,800 ($49,000 * 1.2)

Costs 40,300 48,360 (40,300 * 1.2)

Taxable income $ 8,700 10,440 (8,700 * 1.2)

Taxes (22%) 1,914 2,297 (1,914 * 1.2)

Net income $ 6,786 8,143 (6,786 * 1.2)

Dividends $ 2,400 2,400

Addition to retained earnings 4,386 5,743

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2 years ago

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Answer:

The correct answer is $800

Explanation:

Giving the following information:

Fulbright Corp. uses the periodic inventory system.

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3 years ago

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Answer:

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Explanation:

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2 years ago

Read 2 more answers

Lease Plan Effectively Manages Diversity

mylen [45]

Answer:

Lease Plan

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include/exclude

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3 years ago

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mars1129 [50]

Answer and Explanation:

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2 years ago