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A proposed new investment has projected sales of $720,000. Variable costs are 40 percent of sales, and fixed costs are $219,000, depreciation is $100,000. Assume a tax rate of 22 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income

A proposed new investment has projected sales of $720,000. Variable costs are 40 percent of sales, and fixed costs are $219,000, depreciation is $100,000. Assume a tax rate of 22 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3. Find the net income
ezto.mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&laur Saved A proposed new investment has projected sales of $720,000. Variable costs are 40 percent of sales, and fixed costs are $219,000; depreciation is $100,000. Assume a tax rate of 22 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income < Prev 3 of 4 "pe here to search
Transcribed Image Text:ezto.mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&laur Saved A proposed new investment has projected sales of $720,000. Variable costs are 40 percent of sales, and fixed costs are $219,000; depreciation is $100,000. Assume a tax rate of 22 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income < Prev 3 of 4 "pe here to search
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