Bob's equipment rental paid 64$ in dividends and 517$ in interest expense. the addition to retained...

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Bob's equipment rental paid 64$ in dividends and 517$ in interest expense. the addition to retained...

Bob's equipment rental paid 64$ in dividends and 517$ in interest expense. the addition to retained earnings is 237$ and net equity is 400$. the tax rate is 27%. sales are 14,000$ and appreciation is 570 $ what are the earnings? can you show work?

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Answer 1

Answer #1

Earnings = $736.73

Explanation;

Net Income = $64 + $237 = $301

Taxable Income = $301 (1-.27) = $219.73

Earnings = $219.73 + $517 = $736.73

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Answer 2

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Bob's equipment rental paid 64$ in dividends and 517$ in interest expense. the addition to retained...

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Bob's equipment rental paid 64$ in dividends and 517$ in interest expense. the addition to retained...

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Bob's equipment rental paid 64$ in dividends and 517$ in interest expense. the addition to retained...