Lakeside Services, Inc. has annual sales revenue of $925,000, total operating costs (fixed and variable) of $382,000, depreciation expense of $58,000, interest expense of $41,500, and an effective tax rate of 30 percent. What is the net income for this company?

Lakeside Services, Inc. has annual sales revenue of $925,000, total operating costs (fixed and variable) of $382,000, depreciation expense of $58,000, interest expense of $41,500, and an effective tax rate of 30 percent. What is the net income for this company?

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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I want to this question answer general Accounting

Lakeside Services, Inc. has annual sales revenue of $925,000,
total operating costs (fixed and variable) of $382,000,
depreciation expense of $58,000, interest expense of $41,500,
and an effective tax rate of 30 percent. What is the net
income for this company?

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