33. Beachfront Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense...

 

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33. Beachfront Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 32%. The firm paid $59,000 in cash dividends. What is the addition to Retained Earnings? 34. Using the following subset of information, solve for the amount of OE (owners equity). A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200. 33. Beachfront Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 32%. The firm paid $59,000 in cash dividends. What is the addition to Retained Earnings? 34. Using the following subset of information, solve for the amount of OE (owners equity). A firm has common stock of $6,200, paid-in surplus of $9,100, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200.

Answer rating: 100% (QA)

33 The addition to Retained Earnings can be calculated as follows Net Income Sales Costs Depreciatio... View the full answer