Homework Answers
| Sales | 677,000 |
| Less: Costs | 339,000 |
| Less: Depreciation Expense | 83,000 |
| Less: Interest expense | 51,500 |
| Income before tax | 203,500 |
| Less: Tax (25%) | 50875 |
| Net Income | 152,625 |
| Cash Dividends | 41500 |
| Addition to retained earnings | 111,125 |
| [152625-41500] |
Addition to retained earnings = $111,125
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Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...
Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest...
Griffin's Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, and a tax rate of 25 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest...
Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, a tax rate of 25 percent, and paid out $44,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings
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Griffin's Goat Farm, Inc., has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest expense of $54,000, a tax rate of 25 percent, and paid out $39,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $668,000, costs of $330,000, depreciation expense of $74,000, interest...
Griffin's Goat Farm, Inc., has sales of $668,000, costs of $330,000, depreciation expense of $74,000, interest expense of $47,000, a tax rate of 21 percent, and paid out $46,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Pompeii, Inc., has sales of $56,000, costs of $25,400, depreciation expense of $2,850, and interest expense of $2,600. If the tax rate is 25 percent, what is the operating cash flow, or OCF? (Do not round...
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Griffin's Goat Farm, Inc., has sales of $679,000, costs of $341,000, depreciation expense of $85,000, interest expense of $52,500, a tax rate of 22 percent, and paid out $40,500 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $676,000, costs of $338,000, depreciation expense of $82,000, interest...
Griffin's Goat Farm, Inc., has sales of $676,000, costs of $338,000, depreciation expense of $82,000, interest expense of $51,000, a tax rate of 24 percent, and paid out $42,000 in cash dividends. 10 points What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings d earnings eBook
Griffin's Goat Farm, Inc., has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest...
Griffin's Goat Farm, Inc., has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest expense of $54,000, a tax rate of 25 percent, and paid out $39,000 in cash dividends. What is the addition to retained earnings?
Problem 2-3 Dividends and Retained Earnings [LO1] Griffin's Goat Farm, Inc., has sales of $672,000, costs...
Problem 2-3 Dividends and Retained Earnings [LO1] Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, a tax rate of 25 percent, and paid out $44,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings This is a numeric cell, so please enter numbers only.
Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest...
Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, and a tax rate of 25 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of $71,000, interest...
Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of $71,000, interest expense of $45,500, and a tax rate of 23 percent. What is the net income for this firm? (Do not round intermediate calculations.)
Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, a tax rate of 25 percent, and paid out $44,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings
Griffin's Goat Farm, Inc., has sales of $676,000, costs of $338,000, depreciation expense of $82,000, interest expense of $51,000, a tax rate of 24 percent, and paid out $42,000 in cash dividends. 10 points What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings d earnings eBook
Problem 2-3 Dividends and Retained Earnings [LO1] Griffin's Goat Farm, Inc., has sales of $672,000, costs of $334,000, depreciation expense of $78,000, interest expense of $49,000, a tax rate of 25 percent, and paid out $44,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings This is a numeric cell, so please enter numbers only.
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