A small manufacturing company with a gross income of $360,000 has the following expenses:M&O $76,000, insurance $7000, labor $110,000, utilities $29,000. If debt service is $37,000 and taxes are $9000, the net operating income is closestto:a. $92,000b. $101,000c. $138,000d. $174,000
A small manufacturing company with a gross income of $360,000 has the following expenses:M&O $76,000, insurance $7000, labor $110,000, utilities $29,000. If debt service is $37,000 and taxes are $9000, the net operating income is closestto:a. $92,000b. $101,000c. $138,000d. $174,000
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 9MC: A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the companys...
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A small manufacturing company with a gross income of $360,000 has the following expenses:
M&O $76,000, insurance $7000, labor $110,000, utilities $29,000. If debt service is $37,000 and taxes are $9000, the net operating income is closest
to:
a. $92,000
b. $101,000
c. $138,000
d. $174,000
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