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If a company's revenue is $80,000, cost of goods sold is $30,000, operating expenses are $20,000, and tax rate is 25%, what is the net income?

If a company's revenue is $80,000, cost of goods sold is $30,000, operating expenses are $20,000, and tax rate is 25%, what is the net income?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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If a company's revenue is $80,000, cost of goods sold is $30,000, operating expenses are $20,000, and tax rate is 25%, what is the net income?
Transcribed Image Text:If a company's revenue is $80,000, cost of goods sold is $30,000, operating expenses are $20,000, and tax rate is 25%, what is the net income?
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