
こ104. 3l1 3bo 3. (10 Points) Winston Industries had sales of $843,800 and costs of s609,900....
Winston Industries had sales of $843,800 and costs of $609,900. The firm paid $38,200 in interest and $18,000 in dividends. It also increased retained earnings by $62,138 for the year. The depreciation was $76,400. What is the average tax rate? O 32.83 percent O 33.33 percent 38.17 percent O 43.39 percent
Mariota Industries has sales of $339,620 and costs of $164,710. The company paid $27,910 in interest and $13,450 in dividends. It also increased retained earnings by $66,350 during the year. If the company's depreciation was $17,405, what was its average tax rate?
Mariota Industries has sales of $304,940 and costs of $153,070. The company paid $24,070 in interest and $12,550 in dividends. It also increased retained earnings by $63,542 during the year. If the company's depreciation was $15,335, what was its average tax rate? 30.92% 32.34% 47.80% 24.13% 11.93%
Mariota Industries has sales of $368,520 and costs of $174,410. The company paid $31,110 in interest and $14,200 in dividends. It also increased retained earnings by $68,690 during the year. If the company's depreciation was $19,130, what was its average tax rate? Multiple Choice 73.57% 42.39% 16.55% 34.18% 23.59%
Question 12 6 pts Beach Front Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 21 percent. The firm paid $59,000 in cash dividends. What is the addition to retained earnings? O $81.700 O $103.460 O $95.200 O $121.680 $98.210
A restaurant chain had $684,000 worth of sales revenue last year. It also had costs of $315,000, depreciation expense on its equipment of $42,000, interest expense of $35,000, and a corporate income tax rate of 35 percent. The restaurant chain paid out $78,000 in cash dividends. Calculate the restaurant chain's addition to retained earnings for the year? Multiple Choice $111,800 $153,800 $100,620 $188,800 $146,800
LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $43 million in dividends, while the addition to retained earnings increased equity by 90%. The average tax rate was 34% and the average interest rate on the company's debt was 5%. The payout ratio was 30%. a) What was equity at the end of the year, before the addition of retained earnings (in $ million)? b)...
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3.00 points Problem 2-3 Dividends and Retained Earnings [LO 2] has sales of $591,000, costs of $267,000, depreciation expense of $68,000, interest expense of $35,000, and a tax rate of 30 percent The firm paid out $39,000 in cash dividends. Do not Hint#1 But
Papa Roach Exterminators, Inc., has sales of $719,000, costs of $225,000, depreciation expense of $38,000, interest expense of $33,000, and a tax rate of 40 percent. If the firm paid out $75,000 in cash dividends. What is the addition to retained earnings?
Papa Roach Exterminators, Inc., has sales of $699,000, costs of $285,000, depreciation expense of $36,000, interest expense of $21,000, and a tax rate of 35 percent. If the firm paid out $76,000 in cash dividends. What is the addition to retained earnings? $___________________