Reference no: EM13974527
Chevelle, Inc. has sales of $487,000 and costs of $394,500. The depreciation expense is $43,800. Interest paid equals $18,200 and dividends paid equal $6,500. The tax rate is 35 percent. What is the addition to retained earnings?
|
Which alternative has lowest effective annual interest rate
: Cost of Bank Loans Del Hawley, owner of Hawley’s Hardware, is negotiating with First City Bank for a 1-year loan of $50,000. First City has offered Hawley the following alternatives. Calculate the effective annual interest rate for each alternative. ..
|
|
Annuity interest rate
: (Annuity interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $6,903.27 that will pay them $1,000 per year for 25 years. What rate o..
|
|
Apply tax rate to both the lump sum and the yearly payments
: You just won the 800 million dollar lottery. You have the option of taking 500 million as one lump sum or 25.8 million TODAY (year 0) then 25.8 million for the next 30 years. We need to pay taxes. Assume the tax rate is 40 percent for all payments. H..
|
|
What is the operating cash flow and ocf
: Daniel's Market has sales of $36,600, costs of $28,400, depreciation expense of $3,100, and interest expense of $1,500. If the tax rate is 34 percent, what is the operating cash flow, OCF?
|
|
What is the addition to retained earnings
: Chevelle, Inc. has sales of $487,000 and costs of $394,500. The depreciation expense is $43,800. Interest paid equals $18,200 and dividends paid equal $6,500. The tax rate is 35 percent. What is the addition to retained earnings?
|
|
The additional paid-in surplus account
: The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,420,000, $144,000 in the common stock account and $2,690,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1..
|
|
Arguments in favor of and against mandatory auto insurance
: What are some arguments in favor of and against mandatory auto insurance? Which would be your preference and why? What should be the main factors used to determine the amount a person pays for auto insurance? Consider such factors as driving record, ..
|
|
Solved for the cash flow in terms of the present value
: You have just purchased a home by borrowing $400,000 for 30-years at a fixed APR of 3.87%. What is the monthly mortgage payment? (Hint: A mortgage is just an annuity where the borrowed amount is the present value of the annuity. So, use the annuity f..
|
|
Equal monthly payments of compound interest and principal
: Jeff wants to purchase a new automobile. The one he has selected will cost $25,000 including all fees (e.g., tax, title, and licensing). Jeff has saved $10,000 to use as a down payment. He plans to finance the balance though a loan. The loan would be..
|