AV Tech Depot has net revenue of $512,000 and costs of $407,900. The depreciation expense is $43,500, interest paid is $11,800, and dividends for the year are $4,700. The tax rate is 33 percent. What is the addition to retained earnings? O $27,996 O $35,902 $32,696 $44,100 $48,889
AV Tech Depot has net revenue of $512,000 and costs of $407,900. The depreciation expense is $43,500, interest paid is $11,800, and dividends for the year are $4,700. The tax rate is 33 percent. What is the addition to retained earnings? O $27,996 O $35,902 $32,696 $44,100 $48,889
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:AV Tech Depot has net revenue of $512,000 and costs of $407,900. The depreciation expense is $43,500, interest
paid is $11,800, and dividends for the year are $4,700. The tax rate is 33 percent. What is the addition to retained
earnings?
O $27,996
O $35,902
O $32,696
O $44,100
$48,889
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