Question

Last year, Bad Tattoo Co. had additions to retained earnings of $4,610 on sales of $95,070. The company had costs of $75,390, dividends of $2,860, and interest expense of $1,880. If the tax rate was 38 percent, what was the depreciation expense? A) $7,100 B) $5,752 C) $13,187 D) $7,470 E) $6,149 9) The Primus Corp. began the year with $6,956 in its long-term debt account and ended the year with $8,424 in long-term debt. The company paid $795 in interest during the year and issued $2,160 in new long-term debt. How much long-term debt must the company have paid off during the year? A) $1,468 B) -$1,468 C) $455 D) -$673 E) $692 10) Muffy's Muffins had net income of $2,605. The firm retains 60 percent of net income. During the year, the company sold $535 in common stock. What was the cash flow to shareholders? A) $507 B) $1,577 C) $1,028 D) $1,042 E) $2,098

          Last year, Bad Tattoo Co. had additions to retained earnings of $4,610 on sales of $95,070. The company had costs of $75,390, dividends of $2,860, and interest expense of $1,880. If the tax rate was 38 percent, what was the depreciation expense?

A) $7,100 B) $5,752 C) $13,187 D) $7,470 E) $6,149

9) The Primus Corp. began the year with $6,956 in its long-term debt account and ended the year with $8,424 in long-term debt. The company paid $795 in interest during the year and issued $2,160 in new long-term debt. How much long-term debt must the company have paid off during the year?

A) $1,468 B) -$1,468 C) $455 D) -$673 E) $692

10) Muffy's Muffins had net income of $2,605. The firm retains 60 percent of net income. During the year, the company sold $535 in common stock. What was the cash flow to shareholders?

A) $507 B) $1,577 C) $1,028 D) $1,042 E) $2,098

Added by Juan Francisco D.

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