A. britton string corp. manufactures specialty strings for musical instruments and tennis racquets. its most recent sales were $880 million; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $300 million; depreciation amounted to 10% of net fixed assets; interest expenses were $22 million; the state-plus-federal corporate tax rate was 25%; and it paid 40% of its net income out in dividends. given this information, construct its income statement. also calculate total dividends and the addition to retained earnings. report all dollar figures in millions.
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It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items
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Each month hope received her bank statement listing the checks that have cleared her checking account in the month. what are these checks called? a. reconciled b. covered c. outstanding d. cancelled
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Xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have? question 8 options: sole proprietorship general partnership limited liability company corporation
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A. britton string corp. manufactures specialty strings for musical instruments and tennis racquets....
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