Question
BONDO INC.2021 Given information $1,600,000 in sales, variable costs 40% of sales, fixed expenses are 460,000, depreciation expense 54,000, interest expense 16,000. Tax rate 30%.
BONDO INC.2021 Given information $1,600,000 in sales, variable costs 40% of sales, fixed expenses are 460,000, depreciation expense 54,000, interest expense 16,000. Tax rate 30%. Dividend payout 30%. What is the gross profit margin AND net profit margin?
what is their 2021 dividend payout AND addition to retained earnings stated in $
what is their EPS (earnings per share) if there are 100,000 shares of stock outstanding)?
Step by Step Solution
3.47 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
The variable costs are 40 of 1600000 in sales which is 640000 The contribution margin is 1600000 640...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
