Please tutor help me with this question Question:ofA proposed new investmenthas projected sales$842,000. Variable costs are57 percent of sales and fixedcosts$187,860;areis $99,500.depreciationAssume a tax rate of 40percent.What is the projected netincome?

We have given data, Sales amount = $842,000 Variable Costs 57% of sales = $842,000 x 57% =…

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 $187,860; are is $99,500. depreciation Assume a tax rate of 40 percent. What is the projected net income?