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MNM & Co Incurred Depreciation Expenses of $36,810 Last Year

Question 64

Multiple Choice

MNM & Co incurred depreciation expenses of $36,810 last year.The sales were $903,480 and the addition to retained earnings was $11,530.The firm paid interest of $7,711 and dividends of $7,500.The tax rate was 33 percent.What was the amount of the costs incurred by the company?


A) $822,845
B) $689,407
C) $742,306
D) $830,556
E) $780,400

Correct Answer:

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