A business has revenue of $895,000, cost of goods sold of $356,000, operating expenses of $198,000, and pays $82,000 in taxes, what is the net income?
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A business has revenue of $895,000, cost of goods sold of $356,000, operating expenses of $198,000, and pays $82,000 in taxes, what is the net income?
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- Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.What is the net income??
- If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income?If a business has revenue of $677,000, cost of goods sold of $214,000, operating expenses of $157,000, and pays $70,000 in taxes, what is the net income? I need SolutionIf a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income? Financial Accounting
- What is the company's gross profit??Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.A company has Sales of $8,000,000; Accounts Receivable of $250,000; Cost of Goods Sold of $3,800,000; Average Inventory of $850,000. What is its Gross Profit?