Answer:
the depreciation expense in year 2 is $1,133,475
Explanation:
The computation of the depreciation expense in year 2 is given below:
depreciation in Year 2 is
= Asset amount × Depreciation percentage in year 2
= $2,550,000 × 44.45%
= $1,133,475
Hence, the depreciation expense in year 2 is $1,133,475
Answer: $3.4 million
Explanation:
The increase in Retained earnings is the net earnings for the year.
Net earnings are calculated by deducting dividends from the Net income.
Net earnings = Net income - Dividends
1,700,000 = 5,100,000 - Dividends
Dividends = 5,100,000 - 1,700,000
= $3,400,000
= $3.4 million
A. Women face wage discrimination and experience lower pay within similar professions compared to men.
Answer:
$200,000
Explanation:
The computation of the gross margin is shown below:
= Sales revenue - cost of goods sold
= $500,000 - $300,000
= $200,000
Simply we deduct the cost of goods sold from the sales revenue so that the accurate amount can be calculated i.e gross margin
All other information which is given is not relevant. Hence, ignored it.
Answer:
8.77%
Explanation:
Sustainable growth rate (SGR) % = The maximum rate of growth that a company can sustain without having to finance growth with additional equity or debt. It can be calculated by multiplying a company's retention rate by its return on equity. The payout ration is the proportion of earnings that the company pays out as dividends. Retention rate is the proportion of earnings retained in the company for investment. The formula used to calculate the SGR is ROE * (1 - payout ratio)
= 13.7% * ( 1 - 36%) = 0.08768 = 8.77%