Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A neighborhood fruit stand has: Sales of $15,000 . Cost of fruit of $5,000 Depreciation of $2,000 Taxes of $3,000 to the government Dividends of

A neighborhood fruit stand has: Sales of $15,000 . Cost of fruit of $5,000 Depreciation of $2,000 Taxes of $3,000 to the government Dividends of $7,000 to shareholders Increase in accounts receivable of $1,000 What are its earnings for that period? [Note: If you think the answer is $623,200, just write 623200]
image text in transcribed
A neighborhood fruit stand has: - Sales of $15,000 - Cost of fruit of $5,000 - Depreciation of $2,000 - Taxes of $3,000 to the government - Dividends of $7,000 to shareholders - Increase in accounts receivable of $1,000 What are its earnings for that period? [Note: If you think the answer is $623,200, just write 623200]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Financial Management

Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan

7th Edition

0538877766, 9780538877763

More Books

Students also viewed these Finance questions

Question

What are some of the major uses of T-1 lines?

Answered: 1 week ago