Which of the following best describes the goal of analyzing

Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn

blondinia [14]

Answer:

Cost of Goods Sold is = $697213.44

Explanation:

given data

depreciation expenses = $28,900

sales = $755,000

retained earnings = $10,200

paid interest = $6,200

dividends = $5,000

tax rate = 33 percent

solution

first we get here EBIT that is express as here

EBIT = Earnings for equity holders + Tax + Interest ...............1

Earnings for equity holders = Dividend Paid + retained earnings

Earnings for equity holders = $5,000 + $10,200 = $15200

here Tax is = $\frac{15200}{67}$ × 33 = 7486.56

so here EBIT = $15200 + $7486.56 + $6,200

EBIT = $28886.56

so Cost of Goods Sold is = sales - depreciation - EBIT ..................2

Cost of Goods Sold is = $755,000 - $28,900 - $28886.56

Cost of Goods Sold is = $697213.44

3 0

3 years ago

A drink manufacturer finds setting up a plant to make its own bottle caps expensive and technically difficult. Which of the foll

Salsk061 [2.6K]

Answer:

A) Outsourcing

Explanation:

Outsourcing refers to a business practice where a company gets some of the intermediate goods or services it needs from external suppliers (other companies). Usually outsourcing is carried on by companies in order to reduce costs, e.g. customer service calls handled by Indian companies because Indian workers earn a much lower salary than American workers.

3 0

3 years ago

At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages.

Tom [10]

Answer:

quantity demanded equals quantity supplied

Explanation:

The market equilibrium is the price at which the quantity demanded and the quantity supplied cross each other. The intersection could be made by supply and demand curves.

Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.

When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium

6 0

3 years ago

Jeremy recently started working at All Tech Info Services. The company spends a lot of money on ensuring that its employees are

Elanso [62]

Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.

<h3>What is career development planning?</h3>

Career development planning is a long-term process by which an employee explores and manages life, learning, and work opportunities to benefit them and their employers.

Career development planning involves stages, including:

Needs assessment
Exploration
Preparation
Implementation
Decision-Making.

Thus, Jeremy's career development responsibility involves the <u>recognition of the particular needs</u> he can realistically develop.

Learn more about career development planning at brainly.com/question/4606167

#SPJ112

6 0

2 years ago

Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co

Viktor [21]

Answer:

(A) $144,000.

Explanation:

For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:

Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)

= $396,000 ÷ 22,000

= $18

The total number of direct labor hours = Consumer + commercial

= 14,000 + 8,000

= 22,000

Now the indirect cost equal to

= Per unit cost × Commercial direct labor hours

= $18 × 8,000

= $144,000

4 0

3 years ago