a company has sales of $79600.the cost of good sold is $ 48200 and the other cos

Question

a company has sales of $79600.the cost of good sold is $ 48200 and the other costs are $18700.depreciation is $8300 and the tax rate is 43 percent .what is the net income a company has sales of $79600.the cost of good sold is $ 48200 and the other costs are $18700.depreciation is $8300 and the tax rate is 43 percent .what is the net income a company has sales of $79600.the cost of good sold is $ 48200 and the other costs are $18700.depreciation is $8300 and the tax rate is 43 percent .what is the net income

Explanation / Answer

Net Income = (Sales - Cost of Goods Sold - Other Costs - Depreciation) x (1 - tax rate)

= $(79,600 - 48,200 - 18,700 - 8,300) x (1 - 0.43)

= $4,400 x 0.57

= $2,508

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