Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. higgins, inc., has sales of $520,100, costs of $29

Higgins, Inc., has sales of $520,100, costs of $297,500, depreciation expense of $42,600, interest expense...

70.2K

Verified Solution

Question

Finance

Higgins, Inc., has sales of $520,100, costs of $297,500, depreciation expense of $42,600, interest expense of $20,700, a tax rate of 23 percent, and paid out $27,600 in cash dividends. a. What is the net income for the firm? (Do not round intermediate calculations.) b. What is the addition to retained earnings? (Do not round intermediate calculations.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Problem 9-21 Cost-Cutting Proposals [LO 2] CSM Machine Shop is considering a four-year project to improve...

Basic Math
1.2K views

Please evaluate these question with every step and every explanation for each of one. Lef f(x)= -(3/8)x4+x3+1,...

Statistics
1.2K views

A machine produces metal rods used in an automobile suspension system. A random sample of 12...

Biology
1.2K views

1. Fill in the following equation: ATP + __ ? ADP + __ Select one: a. H2O,...

Chemistry
1.2K views

How does molecular shape and structure give rise to physical properties. (e.g, phase, viscosity, boiling point, etc.)...

Basic Math
1.2K views

How many subsets does the set F 2 3 4 5 6 have subsets

Basic Math
1.2K views

Question HelpAn environmental engineer graphed the locations of a well and all of the drainage...

Basic Math
1.2K views

The number of women elected to the U.S. House of Representatives has increased nearly every...

Statistics
1.2K views

Vegan Thanksgiving Tofurkey is a vegan turkey substitute usually made from tofu At a certain...

Accounting
1.2K views

Please, I need help showing the step by step how to calculate the...

Accounting
1.2K views

Q13 Knowledge Check On May 2, Blossom sold $500 of merchandise to Kingbird Depot with...

Accounting
1.2K views

Solange Associates uses the weighted-average method in its process costing system. The following data are...