What is the addition to retained earnings

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1. Papa Roach Exterminators, Inc., has sales of $699,000, costs of $285,000, depreciation expense of $36,000, interest expense of $21,000, and a tax rate of 35 percent. If the firm paid out $76,000 in cash dividends. What is the addition to retained earnings? $___________________

2. Your firm has net income of $301 on total sales of $1,220. Costs are $680 and depreciation is $110. The tax rate is 30 percent. The firm does not have interest expenses. What is the pure operating cash flow? $_____________________

3. You decided you can afford to spend $1300 while on vacation in London next summer. What is your budget in pound (aka sterling) terms? The rate is EURUSD 1.1244. Use GBPUSD 1.4294.

Reference no: EM131962337

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