A proposed new investment has projected sales of $844,000. variable costs are 53 percent of sales, and fixed costs are $188,080; depreciation is $100,500. assume a tax rate of 30 percent. what is the projected net income? (do not round intermediate calculations and round your answer to the nearest whole number,

e. g., 32.) net income $

Question

Chanel

19 December, 09:38

+4

Answers (1)

Know the Answer?

Dahlia Barrett · Answer 1

Income before tax

844,000 - (844,000*0.53+188,080+100,500) = 108,100

Net income

108,100-108,100*0.3=75,670