ou have been given the following information for Moore’s HoneyBee Corp.:  Net sales = $44,000,000. Gross profit = $19,400,000. Other operating expenses = $3,400,000. Addition to retained earnings = $8,328,000. Dividends paid to preferred and common stockholders = $2,100,000. Depreciation expense = $2,000,000.  The firm’s tax rate is 21 percent. The firm's interest expense is all tax deductible.Calculate the cost of goods sold and the interest expense for Moore’s HoneyBee Corp. (Round your answers to the nearest dollar amount.)       Cost of goods sold   Interest expense

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section2.A: Taxes
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ou have been given the following information for Moore’s HoneyBee Corp.:
 

  1. Net sales = $44,000,000.

  2. Gross profit = $19,400,000.

  3. Other operating expenses = $3,400,000.

  4. Addition to retained earnings = $8,328,000.

  5. Dividends paid to preferred and common stockholders = $2,100,000.

  6. Depreciation expense = $2,000,000.

 
The firm’s tax rate is 21 percent. The firm's interest expense is all tax deductible.

Calculate the cost of goods sold and the interest expense for Moore’s HoneyBee Corp. (Round your answers to the nearest dollar amount.)

 
 
 
Cost of goods sold  
Interest expense  
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