During 2018, Raines Umbrella Corp. had sales of $750,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $540,000, $85,000, and $190,000, respectively. In addition, the company had an interest expense of $65,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $68,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt

New Long term debt =$8000

Explanation:

The computation of the net new long term debt is given below:

Sales$750000

Less: Expenses:  

COGS -$540,000

Selling expenses -$85,000

Depreciation -$190,000

Interest- $65,000

Total Expenses -$880,000

Net Loss-$130,000

Add: Non- cash expense ie. Depreciation+$190,000

Net Cash flow $60,000

Less: Cash Dividend declared -$68,000

New Long term debt =$8000

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.