Frye, inc., has sales of $625,000, costs of goods sold of $260,000, depreciation expense of $79,000, interest expense of $43,000, and an average tax rate of 35 percent. if the firm's beginning balance in retained earnings for the year was $200,000 and paid out $60,000 in cash dividends, how much is the firm's ending balance in retained earnings for the year?

Ending RE : 297,950

Explanation:

Sales               625,000

COGS             (260,000)

Dep Expense   (79,000)

Interest Exp      (43,000)

EBT                   243,000

Tax Expense    (85,050)

Net Income       157,950‬

beginning retained earning      200,000

+ net income                                157,950

- dividends                                 (60,000)  

ending RE                                    297,950

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

the answer is: guns or butter

hope i

-lavira : )