Brightside pest Control... please answer this accounting question Brightside Pest Control, Inc., has sales of $650,000, costs of$340,000, depreciation expense of $50,000, interestexpense of $25,000, and a tax rate of 30%.What is the net income of the firm?a) $140,500b) $172,000c) $164,500d) $190,500

Step 1: Define Net IncomeNet income is the amount of earnings left after subtracting all expenses,…

Answered: Brightside Pest Control, Inc., has…

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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Brightside Pest Control, Inc., has sales of $650,000, costs of $340,000, depreciation expense of $50,000, interest expense of $25,000, and a tax rate of 30%. What is the net income of the firm? a) $140,500 b) $172,000 c) $164,500 d) $190,500