Question

Dezin Manufacturing has sales of $403,200 and costs of $186,050. The company paid $34,950 in interest...

Dezin Manufacturing has sales of $403,200 and costs of $186,050. The company paid $34,950 in interest and $15,100 in dividends. It also increased retained earnings by $71,498 during the year. If the company's depreciation was $21,200, what was its average tax rate?

Multiple Choice

  • 38.00%

  • 21.64%

  • 85.92%

  • 46.21%

  • 18.45%

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Mariota Industries has sales of $380,080 and costs of $178,290. The company paid $32,390 in interest...
Mariota Industries has sales of $380,080 and costs of $178,290. The company paid $32,390 in interest and $14,500 in dividends. It also increased retained earnings by $69,626 during the year. If the company's depreciation was $19,820, what was its average tax rate?
1)Dezin Manufacturing has sales of $299,160 and costs of $151,130. The company paid $23,430 in interest...
1)Dezin Manufacturing has sales of $299,160 and costs of $151,130. The company paid $23,430 in interest and $12,400 in dividends. It also increased retained earnings by $63,074 during the year. If the company's depreciation was $14,990, what was its average tax rate? 2)During 2019, Maverick Inc. had sales of $748,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $561,000, $98,000, and $132,000, respectively. In addition, the company had an interest expense of $103,000 and a tax...
1. Mariota Industries has sales of $316,500 and costs of $156,950. The company paid $25,350 in...
1. Mariota Industries has sales of $316,500 and costs of $156,950. The company paid $25,350 in interest and $12,850 in dividends. It also increased retained earnings by $64,478 during the year. If the company's depreciation was $16,025, what was its average tax rate? 34.5600% 28.93% 12.91% 26.35% 52.82% 2. Simon's Hot Chicken purchased its building seven years ago at a price of $141,580. The building could be sold for $181,100 today. The company spent $67,140 on other fixed assets that...
2. National Importers has sales of $609,600, costs of $548,150, depreciation expense of $35,100, and interest...
2. National Importers has sales of $609,600, costs of $548,150, depreciation expense of $35,100, and interest paid of $12,400. The tax rate is 28 percent. How much net income did the firm earn for the period? 3. The Comfy Inn had beginning retained earnings of $18,670. During the year, the company reported sales of $93,490, costs of $68,407, depreciation of $8,200, dividends of $950, and interest paid of $478. The tax rate is 34 percent. What is the retained earnings...
2. National Importers has sales of $609,600, costs of $548,150, depreciation expense of $35,100, and interest...
2. National Importers has sales of $609,600, costs of $548,150, depreciation expense of $35,100, and interest paid of $12,400. The tax rate is 28 percent. How much net income did the firm earn for the period? 3. The Comfy Inn had beginning retained earnings of $18,670. During the year, the company reported sales of $93,490, costs of $68,407, depreciation of $8,200, dividends of $950, and interest paid of $478. The tax rate is 34 percent. What is the retained earnings...
A company has sales of 10,644, COGS of 1,779, depreciation expense of 972, interest expense of...
A company has sales of 10,644, COGS of 1,779, depreciation expense of 972, interest expense of 996, tax rate of 29 percent, and dividends of 359. What is the company's addition to retained earnings?
pharrell, inc., has sales of $595,000, costs of $263,000 depreciation expense of $66,000, interest expense of...
pharrell, inc., has sales of $595,000, costs of $263,000 depreciation expense of $66,000, interest expense of $33,000, and a tax rate of 30percent. The firm paid out $41,000 in cash dividends. What is the addition to retained earnings.
In 2018, Alpha Company had $48,000,000 in Sales/Revenues, $15,500,000 in Costs of Goods Sold (COGS), $3,600,000...
In 2018, Alpha Company had $48,000,000 in Sales/Revenues, $15,500,000 in Costs of Goods Sold (COGS), $3,600,000 in Sales, General, and Administrative (SG&A) expenses, $1,200,000 in Depreciation expenses, $550,000 in interest payment, and $4,125,000 in taxes. The firm also paid $1,900,000 in dividends to shareholders that year. By how much did Alpha Company's Retained Earnings increase in 2018? What was Alpha Company's gross income in 2008?
1)Nezid Corp. paid $216 in dividends and $638 in interest over the past year. The company...
1)Nezid Corp. paid $216 in dividends and $638 in interest over the past year. The company increased retained earnings by $534 and had accounts payable of $714. Sales for the year were $16,615 and depreciation was $760. The tax rate was 35 percent. What was the company's EBIT? 2)Nanina Corp. has current liabilities of $413,000, a quick ratio of 1.70, inventory turnover of 3.60, and a current ratio of 3.80. What is the cost of goods sold for the company?
Papa Roach Exterminators, Inc., has sales of $729,000, costs of $315,000, depreciation expense of $50,000, interest...
Papa Roach Exterminators, Inc., has sales of $729,000, costs of $315,000, depreciation expense of $50,000, interest expense of $28,000, and a tax rate of 35 percent. If the firm paid out $71,000 in cash dividends. What is the addition to retained earnings?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT