Question Details

Shelton, Inc., has sales of $392,000, costs of $180,000, depreciation expense of $45,000, interest expense of $26,000, and a tax rate of 35 percent?



Shelton, Inc., has sales of $392,000, costs of $180,000, depreciation expense of $45,000, interest expense of $26,000, and a tax rate of 35 percent?  then, suppose the company paid out $35,000 in cash dividends.  what is the addition to retained earnings?



Sales

 

Costs

 

Depreciation

 

Interest Expense =

 

=

 

=

 

= Less: Tax = Less: Dividends

 

Addition to retained earnings = 392000

 

-180000

 

-45000

 

-26000

 

141000

 

-49350

 

91650

 

-35000

 

56650

 


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Oct 15, 2019

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