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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) $164,000 d) $190,500

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) $164,000 d) $190,500

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 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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What is the net income of the firm on these general accounting question?

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) $164,000 d) $190,500
Transcribed Image Text: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) $164,000 d) $190,500
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