Help Question:ofA proposed new investmenthas projected sales$842,000. Variable costs are57 percent of sales and fixedcostsare$187,860;is $99,500.rate of 40depreciationAssume a taxpercent.What is the projected netincome?

Step 1:Projected sales842000(-) Variable cost (842000x40%)336800Gross profit505200(-) Fixed…

Answered: Question: of A proposed new investment…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question: of A proposed new investment has projected sales $842,000. Variable costs are 57 percent of sales and fixed costs are $187,860; is $99,500. rate of 40 depreciation Assume a tax percent. What is the projected net income?
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Question: of A proposed new investment has projected sales $842,000. Variable costs are 57 percent of sales and fixed costs are $187,860; is $99,500. rate of 40 depreciation Assume a tax percent. What is the projected net income?