What is the amount of the costs incurred by the firm

Assignment Help Financial Management
Reference no: EM13811280

Jonstone Nurseries, Inc., incurred depreciation expenses of $31,300 last year. The sales were $212,000 and the addition to retained earnings was $18,405. The firm paid interest of $5,100 and dividends of $7,500. The tax rate is 34%. What is the amount of the costs incurred by the firm for last year?

Reference no: EM13811280

Questions Cloud

Cash flow data-What is the projects IRR : Fred Corp is considering a project that has the following cash flow data. What is the project's IRR? Not the project's projected IRR can be less than the WACC or negative, in both cases it will be rejected.
What is procedural or algorithmic programming : What is procedural or algorithmic programming? What is object-oriented programming? What is the role of code reuse in object-oriented programming
What is the retained earnings balance at the end of the year : Fields and Flowers had beginning retained earnings of $63,100. During the year, the company reported sales of $127,800, costs of $89,900, depreciation of $11,200, dividends of $2,800, and interest paid of $3,400. The tax rate is 35%. What is the reta..
Company stays solvent and is not too liquid : As a financial manager, what can you do to make sure your company stays solvent and is not too liquid? How do you determine if the company has too much liquidity?
What is the amount of the costs incurred by the firm : Jonstone Nurseries, Inc., incurred depreciation expenses of $31,300 last year. The sales were $212,000 and the addition to retained earnings was $18,405. The firm paid interest of $5,100 and dividends of $7,500. The tax rate is 34%. What is the amoun..
Probability sampling and nonprobability sampling : What is the difference between probability (random) sampling and nonprobability (non-random) sampling? When should you use one vs. the other
Aviation security viewpoint : Write a paper comparing the two primary considerations, from the aviation security viewpoint, of both landside and terminal security system design planning.
Systemic risk evaluates the probability : Systemic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government has a record of intervening in the event of a probable bank failure; the government’s larger concern is the negative impact on..
Advantages of using surveys to collect data : What is survey research? What are the advantages and disadvantages of using surveys to collect data? Describe a research situation where survey research is appropriate and explain why

Reviews

Write a Review

Financial Management Questions & Answers

  What is the cost of goods sold

What is the cost of goods sold?

  Explain two factors that affect the present value of asset

Which is better, a present value of $100 or a future value of $100? Please explain. Define and explain two factors that affect the present value of an asset. In five years, what is the future value of $4,000 if the interest rate is 10% and money is c..

  Explain investment project with the cash flows

If the discount rate is 8 percent, what is the future value of the cash flows in year 4? If the discount rate is 11 percent, what is the future value of the cash flows in year 4?

  Equal annual instalments

Debbie borrows $3,500 from the bank at 12 percent annually compounded interest to be repaid in four equal annual instalments. What is her annual payment? What is the interest paid in the first year. What is the principal paid in the first year?

  How much of that contribution is tax deductible

Gene and Dixie, husband and wife (ages 45 and 42), both work. They have an adjusted gross income of $50,000 in 2012, and they are filing a joint income tax return. Both have an employer-provided retirement plan at work. What is the maximum IRA contri..

  Financial accounting system

How can the conventional financial accounting system be made to serve the purpose of operational control

  Relation to the acceptance and completion of capital project

Agency conflicts arise when there are differences in the goals of the firm versus the personal goals of managers. What qualitative considerations are important for the mitigation of agency conflicts in relation to the acceptance and completion of cap..

  Coupon rate and pays interest annually

Morning Star Inc. sold an issue of 30-year, $1,000 par value bonds to the public. The bonds has a 14.6% coupon rate and pays interest annually. It is now 7 years later. The current market rate of interest of the Morning Star INc. bonds is 11.7%. What..

  Statements concerning preferred stock is most correct

Which of the following statements concerning preferred stock is most correct?

  Calculate the payback-profitability index-net present value

Using a 4.5% discount rate, calculate the Net Present Value, Payback, Profitability Index, and IRR for each of the investment projects below

  Compute the book value per share

We know the following about Bob & Co. Total assets are $1000m, E is $700m, cash is $500m and the # of shares is 1m. We estimate that the market value of equity is 2 times the book value of it. Finally, a fire sale of the firm would bring 70% of the v..

  Residual distribution model

New product expansion with 15 million investments in new machinery. Using current 30% debt to total assets ratio for capital structure to maintain dividend policy of annual distribution 25% of net income. The net income is 8 million. How much externa..

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