Homework Help is Here – Start Your Trial Now!
Business
Accounting
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?

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...
See similar textbooks
icon
Related questions
Question

What is the net income for Horizon Technologies of this financial accounting question?

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?
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?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer