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Beacon Insurance has sales of $920,000, costs of $375,000, depreciation expense of $65,000, interest expense of $42,000, and a tax rate of 30%. What is the net income for this firm?

Beacon Insurance has sales of $920,000, costs of $375,000, depreciation expense of $65,000, interest expense of $42,000, and a tax rate of 30%. What is the net income for this firm?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...
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Net income for this firm?

Beacon Insurance has sales of $920,000, costs of $375,000, depreciation expense of $65,000, interest expense of $42,000, and a tax rate of 30%. What is the net income for this firm?
Transcribed Image Text:Beacon Insurance has sales of $920,000, costs of $375,000, depreciation expense of $65,000, interest expense of $42,000, and a tax rate of 30%. What is the net income for this firm?
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