Determining amount of costs acquired by firm

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Reference no: EM1310185

1) ABC Inc. acquired depreciation expenses= $52,000 last year. Sales were $347,000 and addition to retained earnings was= $45,000. Firm paid interest of= $17,000, purchased new equipment worth= $119,000, and paid dividends of $19,000. Tax rate was= 36.6%. Determine the amount of costs acquired by firm for last year?

2) Finance textbook sold 53,250 copies in its first year. Publishing company expects sales to grow at a rate of 20% each year for next 3 years and by 10% in the 4th year. Compute total number of copies that publisher expects to sell in years 3 and 4. Sketch a time line to illustrate sales level for each of next four years.

Reference no: EM1310185

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