If a business has revenue of $677,000, cost of goods sold of $214,000, operating expenses of $157,000, and pays $70,000 in taxes, what is the net income?
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If a business has revenue of $677,000, cost of goods sold of $214,000, operating expenses of $157,000, and pays $70,000 in taxes, what is the net income?
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- Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.Net income?What is Net income?
- If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income?If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income? Financial AccountingCalculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.
- During 2021, Blossom Inc. has the following account balances in Income Statement: Sales 1,630,245 Cost of Sales 646,788 Selling Expense 235,500 Administrative Expense 114,766 Other Expense 57,146 Income Tax Expense 200,400 Other Revenue 65,800 What will be the Net income?Gia, Inc. has sales of $497,000, costs of $276,000, depreciation expense of $43,000, interest expense of $24,000, and a tax rate of 21%. How do i calculate net income?If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income? Correct Answer
- For the past year, shame ltd., had sales of $45,002, interest expense of $4,306, cost of goods sold of $18,349, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate was 33 percent, what was the company's net income?If a company’s revenue is $65,000, the cost of goods sold is $38,000, and operating expenses are $10,000, what is the company’s gross profit? Provide AnswerIf a company has $575,983 in revenues and $267,198 in total expenses, what is their percentage of net income to revenues?