A Firm Has Projected Sales of $328,000,costs of Goods Sold

question 5

Multiple Choice

A firm has projected sales of $328,000,costs of goods sold equal to 68% of sales,interest of $18,500,a tax rate of 35%,and a dividend payout ratio of 60%.What will be the addition to retained earnings?

• A) $16,667
• B) $22,480
• C) $24,002
• D) $19,531

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Definitions:

Real World

Actual conditions and circumstances in which people live and interact, as opposed to theoretical or simulated environments.

Unconscious Influences

The effects on an individual's thoughts, feelings, or actions by processes or contents in the mind that operate without conscious awareness.

Defense Mechanisms

Psychological strategies employed by individuals to cope with reality and protect themselves from anxiety and unacceptable impulses.

Traits

Enduring personal characteristics or qualities that influence an individual's behavior across different situations and time.