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Leni [432]
3 years ago
14

Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec

iation was $812, dividends paid were $285, and the interest expense was $103. What was the cost of goods sold if the firm’s tax rate was 35 percent? $20,225 $24,385 $18,290 $14,815 $21,393
Business
1 answer:
ki77a [65]3 years ago
5 0

Answer:

$18,290

Explanation:

The computation of the cost of goods sold is given below;

The profit after tax is

= Retained earnings + dividend

= $411 + $285

= $696

The profit before tax = $696 ÷ (1 - Tax rate)

= $696 ÷ (1 - 0.35)

= $1,071  

Now  

Sales = $24,646

Let us assume the Cost of goods sold be X

admin expenses = $4,370

Depreciation = $812

Interest = $103

Profit before tax = $1.071

Cost of goods sold (X) = $24,646  - $4,370 - $812 - $103 - $1,071

= $18,290

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3 years ago
Different segments of the project are delegated to respective functional units. this is called?
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Different segments of the project are delegated to respective functional units called as the Functional Organization.

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6 0
1 year ago
A differentiation strategy is based on creating a product that customers perceive as being: a. cheaper, but inferior to the avai
inna [77]

Answer:

c. superior to other available products.

Explanation:

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8 0
4 years ago
The exercise price of the options is $100 per share, all options are European and the stock does not pay any dividend. The call
Ber [7]

Answer:

Stock Price is $98.70

Explanation:

given data

exercise price = $100 per share

call price = $25 per share

put price = $17 per share

mature time = 2 years

annual rate of interest = 5%

to find out

What is the stock price today

solution

we will use here Put Call Parity for find out Stock Price that is express as

C + \frac{100}{(1+r)^t} = S + P    .....................1

here C is call price and r is rate and t is time and S is Stock Price and P is put price so put all value in equation 1

C + \frac{100}{(1+r)^t} = S + P

25 + \frac{100}{(1+0.5)^2} = S + 17

solve it we get

P = $98.70

so Stock Price is $98.70

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3 years ago
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Answer:

C

Explanation:

3 0
2 years ago
Read 2 more answers
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