Answer:
The depreciation expense for the company is $4615.
Explanation:
profit before depreciation and tax = (sales - cost) - interest expense
= ($51,200 - $39,600) - $1,560
= $10040
Addition to retained earnings = $2,320
dividends paid = $935
tax rate = 40 percent.
Addition to retained earnings = [(Profit before depreciation and tax - depreciation expense ) * (1- Tax)] - dividend paid
$2320 = [($10040 - depreciation expense)* (1 - 0.40)] - 935
$3255 = ($10040 - depreciation expense)* 0.60
$5425 = $10040 - depreciation expense
Depreciation expense = 10040 - 5425
= $4615
Therefore, The depreciation expense for the company is $4615.
Answer:
Explanation:
First, find the YTM of the bond using the following inputs on a financial calculator;
N = 15*2 = 30 semiannual payments
PV= -925
Semiannual coupon payment; PMT = (8%/2)*1000 = 40
FV = 1,000
then CPT I/Y = 4.458%
Annual rate = 4.458% *2 = 8.92%
Next, use the YTM above and change the time to maturity to (15-5 )= 10 years or 20 semiannuals. Therefore, the price at year 5 will be as follows;
N = 10*2 = 20
Semiannual coupon payment; PMT = 40
FV = 1,000
Semiannual rate; I/Y = 4.458%
then CPT PV = 940.206
The price at year 5 will be $940.21
Answer:
False
Explanation:
Sales is all about you: your products, your services, and your business. Marketing on the other hand, is all about your customers. Whether inbound, outbound, or all around, it's all about them. Although not interchangeable, the sales and marketing are definitely interwined.
Answer:
Account which will appear on Income statement
(9) Sales
(3) Cost of goods sold
(4) Transportation-out
(7) Selling expense
(8) Loss on the sale of land
Explanation:
All the account that appears on the income statement are the temporary account which need to be closed at the end of each period. Their net balance is transferred to an permanent account of balance sheet.
The following account will be appeared in the balance sheet.
(1) Cash
(2) Merchandise inventory
(5) Dividends
(6) Common stock
