You are given the following information for Ted’s Dread Co.: sales = $68,500; costs = $51,700; addition to retained earnings = $4,500; dividends paid = $2,420; interest expense = $2,130; tax rate = 21 percent. Calculate the depreciation expense. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Answers

Answer 1

Answer:

$5,910.50

Explanation:

Net income = Dividends + Addition to retained earnings

Net income = $2,420 + $4,500

Net income = $6,920

Taxable income = Net income / (1 - Tax rate)

Taxable income = $6,920 / (1 - 0.21)

Taxable income = $6,920 / 0.79

Taxable income = 8759.4937

Taxable income = $8,759.50

EBIT = Taxable income + Interest

EBIT = $8,759.50 + $2,130

EBIT = $10,889.50

Depreciation = Sales - Costs - EBIT

Depreciation = $68,500 - $51,700 - $10,889.50

Depreciation = $5,910.50

So, the depreciation expense for Ted’s Dread Co is $5,910.50.


Related Questions

Comfy Cozy Chairs makes and sells rockers. Each rocker requires $45 of direct materials and $37 of direct labor. Variable manufacturing overhead is $8 per unit, and fixed manufacturing overhead totals $58,000. Variable selling and administrative costs are $15 per unit, and fixed selling and administrative costs total $102,000. During the period, 2,000 rockers were produced and 1,640 were sold. The unit product cost using absorption costing is ______.

Answers

Answer:

the unit product cost using absorption costing is $119

Explanation:

The computation of the unit product cost using absorption costing is given below:

= Direct material per unit + direct labor per unit + variable manufacturing cost per unit + fixed manufacturing cost

= $45 + $37 + $8 + ($58,000 ÷ 2000)

= $119

Hence, the unit product cost using absorption costing is $119

Which factors can affect a stock's price? Check all that apply.
RE
market performance
the company's financial health
the quantity products produced
location of the company
the economy

Answers

I have no idea haha but how’s your guys day going

your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less than it used to be. explain what she means. try to use and explain terms like inflation and deflation in your answer

Answers

Back then. A dollar was worth WAYYYYY more than it is now. back then you could buy a lollipop for a like a penny. However as time went on we went through deflation and prices went down

Which concurrent testing method helps calculate the visibility of an outdoor advertisement?

A. interview test

B. passers-by count test

C. telephonic survey

D. speech test

E. interactive test

Answers

Answer:

A

Explanation:

All of the following statements are true about a member firm's Business Continuity Plan EXCEPT the BCP must: A address how the member firm would deal with a significant business disruption B include scenarios of increasing severity and how the member plans to respond C be provided to any new customer at account opening D be provided to customers every 36 months after the account is opened

Answers

Answer:

D. be provided to customers every 36 months after the account is opened

Explanation:

business continuity plan can be regarded as system of procedures of organization that is aim to restore critical business functions whenever the situation of of unplanned disaster events surface. These disasters could be service outages as well as natural disasters and other potential threats. It is the the capability that an organisation could have to be able to continue the delivery of products/services following a disruptive incident at pre-defined acceptable levels.

It should be noted that For a member firm's Business Continuity Plan , the BCP must;

✓ be provided to any new customer at account opening

✓ address how the member firm would deal with a significant business disruption

✓ include scenarios of increasing severity and how the member plans to respond

Gross domestic product refers to Multiple Choice the difference between all domestic exports and imports for any nation during the course of one fiscal year. the monetary value of all products and services produced in a country during one year. the monetary value of all domestic exports of a nation during one year. the monetary value of all domestic imports of a nation during one year. the monetary value of all products and services produced by a single manufacturer during one year.

Answers

Answer:

the monetary value of all products and services produced in a country during one year.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Hence, gross domestic product refers to the monetary value of all products and services produced in a country during one year.

In conclusion, the Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being.

Rightway Construction's project manager has been given the task of planning and implementing the construction of a playground for the city of Northville. All construction plans and documents have been provided as well as a budget amount and completion date. Based on the above scenario, and assuming the project manager has studied all construction plans and documents and reviewed the budget, the next step for the manager will be to __________.

Answers

Explanation:

create a project schedule flow chart

Government regulations that prevent two firms from merging to become a monopoly address which type of market failure?

Market power
positive externality
private good
negative externality
imperfect information

Answers

Market power because it is the ability of a firm to set on price of goods ( when both firms merges to have power over market

what is the meaning of cheque stub​

Answers

Answer:

A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount. ... A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount.

Unions creates a balance of power between workers and Businesses? true or false

Answers

Answer:

true

Explanation:

Answer:

True

Explanation:

Unions reduce wage inequality because they raise wages more for low- and middle-wage workers than for higher-wage workers, more for blue-collar than for white-collar workers, and more for workers who do not have a college degree. Strong unions set a pay standard that nonunion employers follow.

Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Accounts$ 1,000credit balance Bad Debt Expense 0balance Accounts Receivable 200,000 debit balance Cash collections on accounts receivable during 2010 amounted to $450,000. Sales revenue during 2010 amounted to $800,000, of which 75% was on credit, and it was estimated that 2% of the credit sales made in 2010 would ultimately become uncollectible. Before adjusting entries were made for 2010, a $10,000 account was determined to be uncollectible and written off by Stivers. In the adjustment process, Bad Debt Expense was recorded to 2010. This information is not reflected in the account balances above.After the above entries were posted to the ledger, calculate the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable. Indicate whether the balance is a debit or a credit.

Answers

Answer and Explanation:

The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;

For Accounts receivable  

a) Opening balance $200,000 Debit balance

b) Current year credit sales (75% of $800,000) $600,000 Debit balance

c) (-) Current collection from accounts receivables -$450,000 Credit balance

d) (-) Bad debt expenses -$11,000 Credit balance

e) Closing balance of accounts receivables $339,000 Debit balance

for Allowance for Doubtful Accounts  

Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance

(-) Opening balance $1,000 Credit balance

$11,000 Credit balance

The journal entry is  

Bad debt expense a/c …Dr   11000  

      To Allowance for Doubtful Accounts 11000  

The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance

For Bad debt expenses  

The journal entry is    

Bad debt expense a/c …Dr   11000  

      To Allowance for Doubtful Accounts 11000  

The Closing balance of Bad debt expense account 0

A house is being appraised using the sales comparison approach. The house has four bedrooms, three bathrooms, and no pool. The appraiser selects a comparable house that has three bedrooms, three bathrooms, and a pool. The comparable house just sold for $280,000. A bedroom is valued at $18,000, and a pool at $15,000. Assuming all else is equal, what is the adjusted value of the comparable?

Answers

Answer:

$283,000

Explanation:

Calculation to determine the adjusted value of the comparable

Using this formula

Adjusted value of the comparable= Comparable houseValue +Bedroom value- Pool value

Let plug in the formula

Adjusted value of the comparable=$280,000+$18,000-$15,000

Adjusted value of the comparable=$283,000

Therefore the adjusted value of the comparable is $283,000

During the accumulation phase of a variable annuity: A payments can be made into the plan; but distributions may not be taken from the plan B distributions may be taken from the plan; but payments may not be made into the plan C both payments may be made into the plan; and distributions may be taken from the plan D neither payments may be made into the plan; nor distributions may be taken from the plan Review

Answers

Answer:

Explanation:

ruing the accumulation phase of a variable annuity: A payments can be made into the plan; but distributions may not be taken from the plan B distributions may be taken from the plan; but payments may not be made into the plan C both payments may be made into the plan; and distributions may be taken from the plan D neither payments may be made into the plan; nor distributions may be taken from the plan Review

Attaining financial objectives is important because Multiple choice question. they are related to market standing and competitive vitality. it ensures the company's viability over the long term. they are more important than strategic objectives. they indicate company's future business prospects.

Answers

Answer:

The answer is "The third choice".

Explanation:

Financial objectives are the goals of an institution that are monetarily expressible. This term means goals that immediately influence the financial reports of the company, like the revenue statement or even the balance sheet.

This gives us a better intention to leave toward main contributions. Standard accounting aims are increased revenues, higher profit margins, a decrease in difficult times as well as a return on capital.

In 20 words or fewer, name some other types of opportunity costs
besides money, time, and energy.

Answers

Answer:

Opportunity cost is a fictitious cost used in the assessment of alternative resource uses. The cost is the lost income from the alternative that you have not chosen to use. A standard example is when a person has a large amount of money and two options: Save them at a fixed monthly interest rate or pay off their loans. If you choose to save at a fixed monthly interest rate, the monthly cost of the loan will be the alternative cost. If, on the other hand, you choose to pay off your loans, the lost interest income will be the alternative cost.

All of the following are requirements for a broker-dealer's AML program EXCEPT: A the designation of a AML person who is responsible for creating and enforcing written AML procedures B annual independent compliance testing of the firm's AML procedures C ongoing training of personnel in the firm's AML procedures D annual background checks of all employees, both registered and unregistered

Answers

Answer:

D annual background checks of all employees, both registered and unregistered

Explanation:

Anti Money Laundering programmes are put in place to prevent illegal transfer of funds that are usually sourced from criminal activities like illegal drug trade, human trafficking, robbery, and so on.

Financial institutions and brokers are required to adeher to AML programmes. The various requirements are:

- internal controls, policies, and procedures put in place for enforcing AML strategies

- policies designed to detect transactions in violation of AML guidelines

- AML compliance officer is to be appointed to enforce AML policies

- continuous AML training

- independent assessment of the company's AML programme

- ongoing due diligence on customers and their transactions including a Know Your Customer (KYC) framework.

It is not required to do a annual background checks of all employees, both registered and unregistered.

Annalise received financial aid offers from two universities.
Financial Analysis for Option A
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$10,000
$7,000
Room & Board
Work-Study
$11,500
$4,000

Financial Analysis for Option B
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$28,000
$18,000
Room & Board
Work-Study
$9,000
$4,000

Which statement about the costs per year is true?
Option A will save her $4,500.
Option B will save her $7,000.
Option B will save her $11,000.
Option A will save her $15,500.

Answers

Answer:

Option A will save her $4,500

Explanation:

Calculation to determine Which statement about the costs per year is true

First step is to calculate OPTION A cost per year

Option A Costs per Year

Work-Study $4,000

Tuition & Fees $10,000

Scholarship & Grants $7,000

Room & Board $11,500

Total $18,500

Second step is to calculate OPTION B cost per year

Option B Costs per Year

Work-study $4,000

Tuition & Fees $28,000

Scholarship & Grants $18,000

Room & Board $9,000

Total $23,000

Now let determine Which statement about the costs per year is true

Costs per year= $23,000-$18,500

Cost per year=$4,500

Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.

If a customer at a Target store brings a purchase to checkout, and the item is not priced, the clerk at the register can ask the customer what the price is. If the price is $25 or less, the clerk does not have to do a price check. The clerk has been given the authority to trust the customer to have quoted the correct price. This sort of discretionary power is called:

Answers

I have no idea sorry man

A multinational food manufacturing company decided to use a football player to promote its new protein shake during the Super Bowl. In the advertisement, the celebrity informed the audience that the drink was highly energizing, and as a result, the sales of the product increased three-fold. Which factor contributed to the increase of the product's sales

Answers

Answer:

source credibility.

Explanation:

The factor that contributed to the increase in product sales was the source credibility, which occurs when there is a strong positive appeal from the communicator of a message by the receiver, which in the case of a marketing advertisement, for example, leads to success for a company, as was the case mentioned in the question above, where a celebrity was used to communicate an advertising message that was strongly accepted by the potential public of the brand, which resulted in tripling sales of the product.

It is important to note that source credibility occurs when there is some relationship between the communicator and what is being communicated, such as the football player who promoted the new protein shake during the superbowl. Thus, there is a relationship between the player's characteristics and the product, broadcast in the ideal place and time where the potential consumers of that product are.

A manufacturer uses a standard cost system with overhead applied based upon direct labor hours. The manufacturing budget for the production of 5,000 units for the month of May included the following information: Direct labor 10,000 hours at $15 per hour $150,000 Variable overhead 30,000 Fixed overhead 80,000 During May, 6,000 units were produced and the fixed overhead budget variance was $2,000 favorable. Fixed overhead during May was

Answers

Answer:

Your answer is given below:

Explanation:

Labor efficiency variance = (Standard hour-actual hour)Standard rate

-1500 = (10000*15-X15)

15X = 151500

x(actual hour) = 10100 Hour

Alice was recently criticized for the poor performance of her store this quarter. When Alice stated that profits for the company overall were down for the quarter, she mentioned that recent highway construction in front of her store was the main reason for low profits. She presented reports that compared store sales along the highway versus other stores in her town to prove her point. This is an example of

Answers

Answer:

a. inoculation

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

a. inoculation

b. inductive reasoning

c. deductive reasoning

d. cognitive dissonance

From the question we are informed about Alice who was recently criticized for the poor performance of her store this quarter. When Alice stated that profits for the company overall were down for the quarter, she mentioned that recent highway construction in front of her store was the main reason for low profits. She presented reports that compared store sales along the highway versus other stores in her town to prove her point. This case is an example of inoculation.

Inoculation approach can be regarded as a approach that is utilized in comparative advertising campaign so that consumer resistance can be built

to competitive products. This term was

derives from the medical term of

prevention of disease through the use of inoculations of little weakened doses of that disease so that natural defense system so that the body could be stimulated. For instance, inoculation message can be designed so that

teen cigarette smoking can be

discouraged.

John Maynard Keynes drew many economists ______________ the classical view. The classical view held that a market economy __________ regulate itself to avoid long periods of excessive unemployment. Question 5 options: toward; can toward; cannot away from; can away from; cannot

Answers

Answer:

The answer is "away from; can"

Explanation:

It concentrates upon on short-term change. Keynesian recommended increasing government expenditure & lower taxes, depending upon his theory, to stimulate demand and to pull the global economy out of depression. He believed the conventional economic theory didn't offer a strategy of ending depressions. He stated that uncertainty led individuals and companies to stop investment spending, and the state had to act to invest money to restore the market.

Why would a brand seek to establish points of parity?

A.
to show that it should be seen as equal to its competitors
B.
to steal market share from its competitors
C.
to undermine the campaign of its competitors
D.
to deliberately confuse customers

Answers

Answer:

A. to show that it should be seen as equal to its competitors

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Corporate branding can be defined as an act which typically involves using a company's brand name in all of the advertisement process, to stimulate a favorable action on the part of the customers.

Points of parity refers to the basic elements that a business firm is required to have, so as to be considered by its customers and potential customers for the purchase of its products or services.

This ultimately implies that, a brand would seek to establish points of parity to show that it should be seen as equal to its competitors and as such able to offer the same product quality, expertise and satisfaction.

Both consumers and organizational buyers purchase products online but ______. Multiple choice question. only two of the three kinds of organizational markets participate; it is illegal for government institutions to make online purchases since only finished goods can be purchased online, this limits the type of organizational buyers that can use the Internet a much larger percentage of the total dollars sold online are organizational transactions organizations have been slower to embrace the technology

Answers

The answer to this question is, "a much larger percentage of the total dollars sold online are organizational transactions."

Hope this helps!

Online product purchases are made by both individuals and businesses, although a considerably bigger portion of total online sales dollars come from __ transactions.

What is consumers and organizational buyers purchase products online ?

All individual or personal purchases made by one person alone are referred to as being done by "consumer buyers." Organizational buyers, on the other hand, involved a decision-making process that was carried out by numerous people within an organisation.

It's fair to argue that consumers shop online more frequently than businesses do, and as a result, a considerably higher proportion of the total dollars transacted online goes to retail transactions.

An organisation is regarded as an organisational buyer if it purchases raw materials that are processed again and marketed as finished goods, or if it purchases a good that it will afterwards resell.

In addition to the wholesale and retail sectors,government markets are among the organisational marketplaces. Common industry definitions are provided by NAICS for the United States, Canada, and Mexico. Which basic way does business-to-business marketing vary from marketing to consumers? Buyers who want to resell the product or use it to make other items are included in business-to-business marketing.

Learn more about consumers here

https://brainly.com/question/17516100

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why is freshness of ingredients important in salad preparation​

Answers

it’s important because it gets you to be a skinny legend and you need greens to survive.
When preparing salads with fresh ingredients, your food can retain a lot more nutrients and vitamins compared to processed foods.

The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.

Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.

Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.

All of the following are TRUE of a covered call writing strategy EXCEPT: (A) The strategy works best in a bull market. (B) The cost basis of the stock should be considered for tax purposes. (C) The call writer is expecting little change or a fall in the price of the underlying stock. (D) Repurchasing the calls in a closing transaction could lead to a loss.

Answers

Answer:

(A) The strategy works best in a bull

Explanation:

In the case of the call writing strategy, the following statement should be considered

a. the stock cost basis should be relevant for the tax purpose

b. The call writer should predict the little much change or there may be the decline in the price of the stock

c. If repurchasing is done for closing the transaction so it would result a loss

Therefore the option a is to be considered

A customer places a competitive bid through a primary dealer for $10,000,000 of 91-Day Treasury Bills at the weekly auction. The customer's bid wins. Settlement of the transaction will occur on the: A Same day as the auction B Business day following the auction date C Thursday following the auction date D Monday following the auction date

Answers

Answer:

C Thursday following the auction date

Explanation:

Based on the information given in a situation

were the customer's bid wins which means that the SETTLEMENT OF THE TRANSACTION of the amount of $10,000,000 which represent the COMPETITIVE BID amount will occur on THURSDAY FOLLOWING THE AUCTION DATE reason been that auctions are often carried out on Monday and Tuesday or either Monday or Tuesday, In this case the Competitive bid amount of $10,000,000 must be paid for by that thursday following the auction date.

Visit a nearby office of a company or consult the office of your school. study the various types of human resources working there. prepare a report . ❣️


Please help me immediately ❣️❣️❣️❣️❣️​

Answers

Answer:

hi

Explanation:

What does a speech-language pathologist do?

Answers

Answer:

they help treat and prevent disorders affecting an adult or a childs swallowing.

Explanation:

so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.

In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is defined as an environment with few environmental factors.

Answers

Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

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