What is addition to retained earnings

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1) PDQ Corp. has sales of $3,000,000; the firm’s cost of goods sold is $1,425,000; and its total operating expenses are $700,000. The firm’s interest expense is $230,000, and the corporate tax rate is 40%. The firm paid dividends to preferred stockholders of $30,000, and the firm distributed $60,000 in dividend payments to common stockholders. What is PDQ's "Addition to Retained Earnings"?

2) The annual cost of not taking advantage of the 2/15, net 45 terms offered by a supplier is (Use a 360-day year):

Reference no: EM13943663

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