1) ABC company has operating income of $100,000, interest expense of $10,000, and a corporate tax rate of 30%. What is ABC company's net income? Question 6 options: $27,000 $63,000 $90,000 $100,000

2)

ABC company has the following information available to prepare their sales budget:

	Budgeted Unit Sales
October	2,000
November	4,500
December	3,000

Each unit is sold for $20. How much sales revenue is budgeted for October?

Question 7 options:

	$60,000
	$190,000
	$90,000
	$40,000

ABC company has the following information to prepare their direct materials budget:

	Units to be produced
April	12,500
May	10,750

It takes 2 pounds of material to produce each unit at a cost of $5.00 per pound. ABC company desires to have 20% of materials required for the following month's production in ending inventory. Beginning inventory is 2,500. What is the total cost of direct materials fir April to meet production needs?

Question 8 options:

	$146,500
	$134,000
	$53,600
	$112,500