What is addition to retained earnings

Assignment Help Financial Management
Reference no: EM131537266

Billy’s Exterminators, Inc., has sales of $740,000, costs of $288,000, depreciation expense of $40,000, interest expense of $30,000, a tax rate of 35 percent, and paid out $65,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)

Reference no: EM131537266

Questions Cloud

Charged on the unpaid balance : What effective rate of interest is being charged on the unpaid balance? Interim calculations should be to 4 decimal places; final answer to .01%
What is the operating cash flow-cash flow to creditors : What is the 2015 cash flow to creditors? What is the 2015 operating cash flow?
What is the current market value of the firm : What is the current market value of the firm? What will the firm's market value be after the announcement of the new debt issue?
Suppose you have submitted an order : Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed?
What is addition to retained earnings : What is the addition to retained earnings?
How do payroll procedures differ for employees : Why does Hobby Shack have a separate checking account for payroll checks?
Capital budgeting-adjusting for risk and inflation : Blocks Ltd faces a decision about a new mould to be used for the manufacturing of bricks. The management of the company needs advice to reach a decision.
What can this mean for the war on terror : Why does she believe that even in harsh, cruel societies,courage will rise up?Can you think of an example of a person refusing to let fear dictate their action?
Capital budgeting criteria-ethical considerations : Calculate the NPV and IRR with mitigation. Calculate the NPV and IRR without mitigation.

Reviews

Write a Review

Financial Management Questions & Answers

  What is most critical step in the capital budgeting process

What is the most critical step in the capital budgeting process? Why are there no "absolute" answers to capital budgeting decisions?

  What will the monthly depreciation be for the equipment

Apps R Us made a purchase of $20,000 worth of computer equipment. The equipment is expected to have a useful life of three years, and be worth $2,000 at the end of its useful life. What will the monthly depreciation be for the equipment? When they pu..

  Does the efficient market hypothesis imply

Does the efficient market hypothesis imply that stock market returns are unpredictable across time? If not, which variable(s) may be used to forecast stock market returns? Does time-series stock market return predictability imply an arbitrage opportu..

  Determine the annual earnings on the released funds

Determine the amount of funds released by the lockbox arrangement.- The annual (pretax) earnings on the released funds.

  Part of primary bank capital

Which of the following would not be part of primary bank capital?

  Expected costs of debt-equity under target capital structure

A corporation has 11,000,000 shares of stock outstanding at a price of $40 per share. They just paid a dividend of $2 and the dividend is expected to grow by 4% per year forever. The stock has a beta of .8, the current risk free rate is 3%, and the m..

  Effectively implement monetary policy

Why is it important for the economies of Europe to converge in order for the European Central Bank (ECB) to effectively implement monetary policy for Europe?

  How to answer questions with free cashflows

How to answer questions with free cashflows

  Explain how you would hedge interest rate risk

Can you explain how you would hedge interest rate risk? If I sold a $50 call option without owning the underlying stock for $1 that expires in January of 2014, What would I hope that happens and why? Can anyone explain a straddle?

  What is difference between ordinary annuity and annuity due

What is the difference between ordinary annuity and annuity due?

  What happens to the expected return on the stock

The common stock and debt of Northern Sludge are valued at $56 million and $44 million, respectively. Investors currently require a return of 16.8% on the common stock and 6.9% on the debt. If Northern Sludge issues an additional $20 million of commo..

  What was rate of return for owning serox in most recent year

Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year? (Round to the nearest..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd