Tarp Corporation Beginning retained earnings $550,000 Ending retained earnings 700,000 Dividends paid 100,000 Revenue 525,000 Refer to the selected information provided for Tarp Corporation. The company's expenses are:
A) $100,000.
B) $150,000.
C) $450,000.
D) $275,000.
D
You might also like to view...
The comparative income statements for Silverlight Company are shown below. Calculate the following ratios for Year 2:(a) profit margin(b) gross margin(c) times interest earned.Silverlight CompanyIncome StatementsFor Years Ended December 31, ?Year 2Year 1Net sales$720,000$607,500Cost of goods sold 450,000 382,700Gross profit$270,000$224,800Operating expense 168,500 134,900Income from operations$101,500$ 89,900Interest expense 22,300 11,200Income before taxes$ 79,200$ 78,700Income taxes 28,000 27,000Net income$ 51,200$ 51,700???
What will be an ideal response?
Two of the cylinders in an eight-cylinder car are defective and need to be replaced. If two cylinders are selected at random, what is the probability that
a. both defective cylinders are selected? b. no defective cylinder is selected? c. at least one defective cylinder is selected?
In the entity relationship model, a table row corresponds to an entity instance
a. True b. False Indicate whether the statement is true or false
A company's job order costing system applies overhead based on direct labor cost. The company's estimated production costs were: direct labor, $57,600; direct materials, $76,800; and factory overhead, $9,600. Calculate the company's predetermined overhead rate.
What will be an ideal response?