Horizon Technologies has the following financial data: Sales: $1,050,000 Costs: $430,000 Depreciation Expense: $60,000 Interest Expense: $45,000 Tax Rate: 30% What is the net income for Horizon Technologies?
Horizon Technologies has the following financial data: Sales: $1,050,000 Costs: $430,000 Depreciation Expense: $60,000 Interest Expense: $45,000 Tax Rate: 30% What is the net income for Horizon Technologies?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the net income for Horizon Technologies of this financial accounting question?
Transcribed Image Text:Horizon Technologies has the following financial data:
Sales: $1,050,000
Costs: $430,000
Depreciation Expense: $60,000
Interest Expense: $45,000
Tax Rate: 30%
What is the net income for Horizon Technologies?
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