What was the amount of the costs incurred by the firm

Assignment Help Finance Basics
Reference no: EM13263608

ACE, Inc. incurred depreciation expenses of $21,900 last year. The sales were $811,400 and the addition to retained earnings was $14,680. The firm paid interest of $9,700 and dividends of $10,100. The tax rate was 40 percent. What was the amount of the costs incurred by the firm?

Reference no: EM13263608

Questions Cloud

What is the speed of the boat with respect to the ground : A boat is traveling upstream at 20 km/h with respect to the water of a river. The water is flowing at 4.0 km/h with respect to the ground. What is the speed of the boat with respect to the ground
Find what is the input power to the transmitter : A collector modulated transmitter has a supply voltage of 48 V and an average collector current of 600 mA. What is the input power to the transmitter. How much modulating signal power is needed to produce 100 percent modulation.
Topic returning home-impact of cultural differences : Prepare an essay on "Topic Returning Home-Impact of Cultural Differences"
Write a program for input temperatures for consecutive days : The program will store these values into an array and call a function that will return the average of the temperatures. It will also call a function that will return the highest temperature and a function that will return the lowest temperature.
What was the amount of the costs incurred by the firm : The tax rate was 40 percent. What was the amount of the costs incurred by the firm?
Compare the depreciation schedules : Use the half-year convention for both methods. Compare the depreciation schedules before and after taxes using a 40% tax rate. What do you notice about the difference between these two methods?
Design a pulse-mode automatic vending machine : design a pulse-mode (Asynchronous, no clock) automatic vending machine. The candy bars inside the machine cost 25 cents. The machine accepts nickels, dimes and quarters. There is an electromechanical system that accepts the coins sequentially.
What is avicorps pre-tax cost of debt : Avicorp has a $11.7 million debt issue outstanding, with a 5.8% coupon rate. The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. It is currently priced at 95% of par value.
Overview of major works of art : Project will allow you to explore the wealth of excellent online resources available to art history students. Since your textbook includes only an overview of major works of art and art historical issues

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the par value of each share

In 2008, Pfizer had 12,000 million shares of common stock authorized, 8,863 million in issue, and 6,746 million outstanding. Calculate the par value of each share.

  Calculate the after-tax cost of debt

Calculate the firm's weighted average cost of capital using he capital structure weights shown in teh following table. (Round answer to the nearest 0.1%)

  Find rate of return with the margin purchase

Suppose you buy a round lot of Francesca Industries stock on 55% margin when the stock is selling at $20 a share. The broker charges a 10% yearly interest rate, and commissions are 3% of the stock value on the purchase and sale.

  What were the bank discount and the proceeds

Souza & Sons accepted a 9%, $22,000, 120-day note from one of its customers on july 22. On October 2, the company discounted the note at Cooperative Bank. The discount rate was 12%. What were (a) the bank discount and (b) the proceeds?

  The major differences between a fixed and a flexible budget

Explain the major differences between a fixed and a flexible budget.

  Determine total profit margin and cash flow

Brandywine Homecare, a non-profit business, had revenues of 12 million dollar in 2007. Expenses other than depreciation totaled 75% of revenues, and depreciation expense was $1.5 million.

  Discuss financial ratios and investment analysis

Describe how external stakeholders use financial data such as company income statements and balance sheets to make decisions about the company in such cases as advancing credit or offering leasing vehicles.

  Major segments of the foreign exchange market

What are the two major segments of the foreign exchange market, and what types of foreign exchange instruments are traded within these markets?

  Explain theory about valuation procedures in investment bank

Explain Theory about valuation procedures in investment banking and heuristics rather than more sophisticated valuation procedures expedite the procedure? What do you think

  Computation of current yield of a bond

Computation of current yield of a bond and They have a 6-year maturity, an annual coupon of $85

  Show how the folowing transactions affect te balance sheet

Show how the folowing transactions affect te balance sheet of a certain commercial bank

  Compute the ending a/r and any shortage or overage.

It is always a good idea to verify amounts in the general ledger just to be sure there are no problems or stupid mistakes (since in the real world, there is no answer book). So test the accuracy of the Accounts receivable balance at the end of the fi..

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