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Home Repairs, Inc

Question 73

Multiple Choice

Home Repairs, Inc. incurred depreciation expenses of $21,900 last year. The sales were $811,400 and the addition to retained earnings was $14,680. The firm paid interest of $9,700 and dividends of $1,100. The tax rate was 34 percent. What was the amount of the costs incurred by the firm?


A) $665,200.00
B) $689,407.67
C) $742,306.08
D) $755,890.91
E) $780,400.21

Correct Answer:

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