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Brown Office Supplies recently reported $16,000 of sales, $9,000 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds
Brown Office Supplies recently reported $16,000 of sales, $9,000 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry an 8.0% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's earnings before taxes (EBT)? a. $4,530 b. $5,250 c. $5,970 d. $3,398 e. $8,030
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
