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ABC company has operating income of $100,000, interest expense of $10,000, and a corporate tax rate of 30%. What is ABC company's net income? options: $27,000 $63,000 $90,000 $100,000 ABC company has the following information available to prepare their sales budget: October November December $60,000 $190,000 $90,000 Budgeted Unit Sales Each unit is sold for $20. How much sales revenue is budgeted for October? options: $40,000 2,000 4,500 3,000

ABC company has operating income of $100,000, interest expense of $10,000, and a corporate tax rate of 30%. What is ABC company's net income? options: $27,000 $63,000 $90,000 $100,000 ABC company has the following information available to prepare their sales budget: October November December $60,000 $190,000 $90,000 Budgeted Unit Sales Each unit is sold for $20. How much sales revenue is budgeted for October? options: $40,000 2,000 4,500 3,000

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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ABC company has operating income of $100,000, interest expense of $10,000, and a corporate tax rate of 30%. What is ABC company's net income? options: $27,000 $63,000 $90,000 $100,000 ABC company has the following information available to prepare their sales budget: October November December $60,000 $190,000 $90,000 Budgeted Unit Sales Each unit is sold for $20. How much sales revenue is budgeted for October? options: $40,000 2,000 4,500 3,000
Transcribed Image Text:ABC company has operating income of $100,000, interest expense of $10,000, and a corporate tax rate of 30%. What is ABC company's net income? options: $27,000 $63,000 $90,000 $100,000 ABC company has the following information available to prepare their sales budget: October November December $60,000 $190,000 $90,000 Budgeted Unit Sales Each unit is sold for $20. How much sales revenue is budgeted for October? options: $40,000 2,000 4,500 3,000
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