Given the following information: sales = $450, costs = $350, tax rate = 34%, retention ratio = 30%, production = 95% of capacity, sales increase = 10%. What is the expected addition to retained earnings? (Assume costs change directly with sales.) 1.98 11.22 19.8 21.78 50.82
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Given the following information: sales = $450, costs = $350, tax rate = 34%, retention ratio = 30%, production = 95% of capacity, sales ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
George Wilson purchased Bright Light Industries common stock for $47.50 on January 31, 2016. The firm paid dividends of $1.10 during the last 12 months. George sold the stock today (January 30, 2017) for $54.00.
Answers (1)
Which document describes a worker's employment experience, strengths, skills, education, and other qualifications? A. Resume B. Cover letter C. Referral D. Reference
Answers (1)
A way to avoid impulse buying is to take only as much money as you need to buy what you _ _. a. researched c. want b. budgeted d. planned
Answers (1)
The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business? a. Liabilities are decreased, so total equity is increased. b. Revenues would be decreased, so equity would be decreased. c.
Answers (2)
you are shopping an order but, upon your attempt to deliver you find that the member does not seem to be home and they are not responding to your attempts at communication. What is your next move?
Answers (1)
New Questions in Business
One advantage of using your debit card is: Select one: a. You don't have to subtract it from your checking account balance b. It is safer than carrying cash c. You can spend as much as you want d.
Answers (2)
When you are driving slower than other traffic on a multi-lane highway, you must use
Answers (2)
A company has beginning inventory of 44 units at a cost of $12.00 each on October 1. On October 5, it purchases 28 units at $13.00 per unit. On October 12 it purchases 38 units at $14.00 per unit. On October 15, it sells 84 units.
Answers (1)
Unitech has the following inventory information. July 1 Beginning Inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $22 220 $2,000 A physical count of merchandise inventory on July 31 reveals that there are
Answers (1)
What data is most likely to determine the length of time a corpse has been dead?
Answers (1)